My top 10 things to watch Friday, Jan. 26 The Dow , the S & P 500 and the Nasdaq are headed for a muted open Friday. Bond yields are lower. The Fed’s favorite inflation gauge showed price pressures continued to cool at the end of last year. Dow stocks American Express up and Visa down after earnings. Intel shares drop roughly 10% on rough outlook. The quarter beat but margins were really low versus what was expected. Intel weakness drags other chips stocks down, including Club names Broadcom and Nvidia . The AI king Nvidia had another record close Thursday. Advanced Micro Devices shares also lower. Stifel boosts AMD price target to $200 per share from $170 ahead of earnings. The analysts say AMD quarter should be in line and expect in line guidance. That’s just not enough to keep this thing going. Evercore ISI raises Club name Palo Alto Networks price target to $405 per share from $315. Keeps outperform (buy) rating. Premium multiple is warranted. Barclays raises price target on Club Bullpen name Abbott Laboratories to $141 per share from $133. I think Abbott is worth owning here. Club name Alphabet gets price target raises on Wall Street after closing Thursday at a record high. Club names Meta Platforms and Microsoft also had record closes Thursday. The Biden administration stops approval of the greatest job creator and source of energy security for Europe: LNG exports from the U.S. The White House great for coal exporters and rails. Our lone energy stock Coterra , which is 50/50 natural gas and oil, was under pressure Friday. But Susquehanna to positive from neutral on the Club name. Susquehanna cuts price target on Union Pacific to $245 per share from $250. Keeps neutral rating. The analysts says the outlook for the rail feels uncertain due to heavy costs and demand questions. Agriculture giant Archer-Daniels-Midland gets price target cut at UBS to $51 from $104 and a downgrade to neutral from buy. The analysts think weaker growth across the board and accounting problems will weigh on shares. Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free (See here for a full list of the stocks at Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
My top 10 things to watch Friday, Jan. 26
The Dow, the S&P 500 and the Nasdaq are headed for a muted open Friday. Bond yields are lower. The Fed’s favorite inflation gauge showed price pressures continued to cool at the end of last year. Dow stocks American Express up and Visa down after earnings.
Intel shares drop roughly 10% on rough outlook. The quarter beat but margins were really low versus what was expected. Intel weakness drags other chips stocks down, including Club names Broadcom and Nvidia. The AI king Nvidia had another record close Thursday.
Advanced Micro Devices shares also lower. Stifel boosts AMD price target to $200 per share from $170 ahead of earnings. The analysts say AMD quarter should be in line and expect in line guidance. That’s just not enough to keep this thing going.
Evercore ISI raises Club name Palo Alto Networks price target to $405 per share from $315. Keeps outperform (buy) rating. Premium multiple is warranted.
Barclays raises price target on Club Bullpen name Abbott Laboratories to $141 per share from $133. I think Abbott is worth owning here.
Club name Alphabet gets price target raises on Wall Street after closing Thursday at a record high. Club names Meta Platforms and Microsoft also had record closes Thursday.
The Biden administration stops approval of the greatest job creator and source of energy security for Europe: LNG exports from the U.S. The White House great for coal exporters and rails.
Our lone energy stock Coterra, which is 50/50 natural gas and oil, was under pressure Friday. But Susquehanna to positive from neutral on the Club name.
Susquehanna cuts price target on Union Pacific to $245 per share from $250. Keeps neutral rating. The analysts says the outlook for the rail feels uncertain due to heavy costs and demand questions.
Agriculture giant Archer-Daniels-Midland gets price target cut at UBS to $51 from $104 and a downgrade to neutral from buy. The analysts think weaker growth across the board and accounting problems will weigh on shares.
Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free
(See here for a full list of the stocks at Jim Cramer’s Charitable Trust.)
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As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, TOGETHER WITH OUR DISCLAIMER. NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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