The top 10 is to watch on February 10
1. The hangover from the market gains earlier this year and the realization that travel and leisure are the last forces of this economy to hit stocks. Bond yields are up early there, so on Dow Jones Industrial Averageat S&P 500 with Nasdaq set to open below. The Dow is on track for back-to-back weekly losses. The S&P 500 and Nasdaq are on pace to break multiweek winning streaks.
2. Expedia (EXPE): ground quarter. Travel or weather, which is to blame? Management said that ultimately impacted fourth-quarter results. The company says 2023 will start with the use of recording applications.
3. Lyft (LYFT) Shares have lost a third of their initial value on Friday after the company’s highly advanced guidance. The updated non-GAAP earnings calculation required by the SEC showed a Q4 adjusted EBITDA loss of $248.3 million versus a loss of $47.6 million in the year-ago quarter.
4. PayPal (PYPL) posted a mixed fourth quarter and said CEO Dan Schulman will retire. The search for his successor is underway. PayPal announced job cuts last week. Piper Sandler likes the increase in margins at PayPal but there is no real enthusiasm. JPMorgan raised its price target to $103 per share from $95.
5. Cloudflare (NET) beat with a quarter result. Some analysts target the price to rise but not enough because it is around cloud stock has been traded. The stock has had a brutal 2022, and has bounced nearly 30% so far this year.
6. Deutsche Bank (DB) was downgraded to underperform from neutral (sell from hold) at Bank of America. Well, between Credit Switzerland (CS) and DB there must be something good for JPMorgan (JPM).
7. Morgan Stanley is down Emphasize (AFRM) for equal weight of weight (resistant of purchase); cut his price target to $15 per share from $46 in a hold-up call on the decimated buy now, pay later company. Price errors and changes in consumer behavior weigh monthly results and guidance.
8. Stifel uploads VF Corp (VFC) to buy from hold. Could the stock’s six-session loss on Thursday close be bought? I said WHY? A better-than-expected quarter earlier this week. But the dividend cut is huge. The range of guidelines reduced by the company behind the brands Vans, The North Face and Timberland.
9. RL (RL) got its price target raised to $135 per share from $115 at Credit Suisse. This, I like. An extraordinary quarter this week at the company formerly known as Ralph Lauren.
10. Bank of America lowered its price target on Mattel (MAT) to $21 per share from $26. Worried about the lack of play. Mattel stock, while little changed early Friday, fell more than 10% Friday after a rough quarter.
(See here for a complete list of shares in Jim Cramer’s Charitable Trust.)
As a CNBC Investing Club subscriber with Jim Cramer, you will receive trade alerts before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling shares in his charitable trust portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing a trade alert before executing a trade.
THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO THE TERMS AND CONDITIONS AND THE PRIVACY POLICY, ALONG WITH THE DISCLAIMER. No fiduciary obligation or duty is, or is created, pursuant to the receipt of any information provided in connection with the investment club. No special results or profits are guaranteed.