My high 10 issues to look at Tuesday, Jan. 24
1. Large day of earnings for Membership holdings because the Dow Jones Industrial Common, the S&P 500 and the Nasdaq look to open decrease after back-to-back positive factors. Three quarterly reviews earlier than the bell and Membership holding Microsoft (MSFT) after the shut.
2. Membership holding Johnson & Johnson (JNJ): Beat on fourth-quarter earnings however missed on income. J&J stays on observe to separate into two firms later this 12 months: prescribed drugs and medical units as one and shopper manufacturers as the opposite. In This autumn, pharma and MedTech slight miss and shopper beat. Guides larger.
3. Membership holding Danaher (DHR) beat on the highest and backside strains within the fourth quarter. The life sciences and medical diagnostics firm, starting in Q1, will exclude Covid testing, vaccines, and therapeutics from what it considers core enterprise.
4. Membership holding and oilfield companies large Halliburton (HAL) blew out estimates with earnings-per-share within the fourth quarter. Income matched. Working revenue: insanely good. Raises dividend. Large beat on free money circulate. Robust forecast.
5. Normal Electrical (GE) beats on EPS and misses on income within the fourth quarter. Aerospace nice. Free money circulate nice. Renewables questionable. Energy higher. On observe to spin off power unit subsequent 12 months. Accomplished well being care cut up earlier this month.
6. Bernstein downgraded Superior Micro Gadgets (AMD) to market carry out from outperform (maintain from purchase). No margin for error. Bernstein analyst Stacy Rasgon might be mistaken. Individually, Bernstein sees fiscal 12 months decline for iPhone demand. Each Apple (AAPL) and AMD are Membership holdings.
7. Membership holding Nvidia (NVDA): Citi sees generative synthetic intelligence ChatGPT as a $5 billion to $11 billion alternative. Nvidia is the AI chip firm. Microsoft simply put billions extra {dollars} into OpenAI, the corporate behind ChatGPT.
8. Justice Division making an attempt it once more: going after Alphabet (GOOGL) on monopolistic promoting. I want the Membership holding’s on-line advert enterprise was that good. Individually, CEO Sundar Pichai defends introduced job cuts at an organization townhall assembly.
9. Wells Fargo says go nuts on Disney (DIS). CEO Bob Iger will come out swinging. Refocus on content material as a substitute of streaming subs. Aggressive price motion. “We like this setup into the print,” analysts add.
10. Membership holding Starbucks (SBUX) began as an obese (purchase) at Wells Fargo with a $120-per share worth goal. Chipotle Mexican Grill (CMG) additionally a purchase; $1,800 PT. McDonald’s (MCD) an equal weight (maintain) at Wells Fargo with $280 PT.
(Jim Cramer’s Charitable Belief is lengthy MSFT, JNJ, DHR, HAL, AMD, APPL, NVDA, GOOGL, DIS, SBUX. See right here for a full listing of the shares.)
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