Jim Cramer’s top 10 things Tuesday: Fedspeak, video games, memesters

newsofmax02/07/2023

0 4 minutes read

Jim Cramer's top 10 things Tuesday: Fedspeak, video games, memesters

My Top 10 Things to Watch Tuesday, Feb. 7 1. The Dow, S&P 500 and Nasdaq are headed for a quiet open ahead of Fed Chairman Jerome Powell’s lunchtime speech. at the Economic Club of Washington D.C. Nearly a week ago, the Fed raised rates less aggressively — and Powell, at the time, made what was seen as dovish. Then on Friday, the jobs report was a blockbuster. 2 . Activision Blizzard (ATVI) versus Take Two Interactive (TTWO): the latter blames the macro environment while the former only had a stellar quarter. The video game “Call of Duty” is a risky game and is the main legal interest at the heart of Microsoft’s Activision (MSFT) Proposed Holder Club. 3. Embattled Bed Bath & Beyond (BBBY) takes advantage of memes who could have saved another company. Shares, which nearly doubled on Monday, fell more than 30% early Tuesday after the retailer announced a stock offering worth more than $1 billion. Wedbush cut its BBBY price target to 0 and left the underperforming (sell) rating unchanged. 4. Pinterest (PINS) gets multiple upside targets on Wall Street due to cost cuts, video and shopping. But there is no real growth. Most of the internet has no real growth. Fourth quarter EBITDA (earnings before interest, taxes, depreciation and amortization) beat. Lost revenue. $500 million worth of stock buybacks over the next 12 months allowed. 5. Boeing (BA) to cut about 2,000 jobs in finance and personnel. However, the plane maker, which recently moved its headquarters to Northern Virginia, just outside DC, expects to “significantly increase” its overall workforce by 2023. But puts first-quarter EBITDA guidance at $710 million versus $762 million expected. Announced to increase Q1 dividend of 9%. CEO Ed Breen will be in discretionary employment after 2024, according to SEC filings. Replaces Breen’s existing employment agreement in December 2020. 7. Hertz (HTZ) beat EPS and adjusted revenue in the fourth quarter. Business demand increased 28% in January compared with last year, carpooling increased 98% and international growth increased 56%. 8. Morgan Stanley rates Molson Coors (TAP) at the same or the same rating. It is not known if the brewer can develop sustainably. We like and own Constellation Brands (STZ) for our Mexican beer portfolio. 9. Chegg (CHGG) reported a terrible quarter but had to accept it. The real learning platform is to blame for the lack of rigor in the classrooms. Shares fell about 20% early Tuesday. 10. FootLocker (FL) starts with a buy rating at BTIG. The miracles of the new CEO Mary Dillon. (See here for a complete list of stocks in the Jim Cramer Charitable Trust.) As a subscriber to CNBC’s Investment Club with Jim Cramer, you’ll receive trading alerts before Jim. conduct transaction. Jim waits 45 minutes after sending the trading notice before buying or selling shares in his charity’s portfolio. If Jim had talked about a stock on CNBC, he would have waited 72 hours after issuing a trading warning before taking a trade. INFORMATION ABOUT THE ABOVE INVESTMENT CLUB IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, PLUS OUR DISCLAIMER. NO Fiduciary Obligations OR OBLIGATIONS EXIST, OR BE CREATE, BECAUSE OF YOUR RECEIVING ANY INFORMATION PROVIDED IN RELATED TO THE INVESTMENT CLUB. NO SPECIFIC RESULTS OR PROFITS GUARANTEED.

My Top 10 Things to Watch Tuesday, February 7

first. The Dowthe S&P 500 and Nasdaq is preparing to open in silence ahead of Fed Chair Jerome Powell’s lunchtime speech at the Economic Club of Washington D.C. Nearly a week ago, the Fed raised rates more gently — and Powell, at the time, made comments that were deemed dovish. Then on Friday, the jobs report was a blockbuster.

2. Activating blizzard (ATVI) vs Take two interactions (TTWO): the latter blames the macro environment while the former just had a brilliantly successful quarter. The video game “Call of Duty” is a game of adventure and a major regulatory concern at the heart of the Holders Club. Microsoft‘s (MSFT) has proposed to acquire Activision.

3. be enticed Outdoor shower bed (BBBY) taking advantage of memes who could have saved another company. Shares, which nearly doubled on Monday, fell more than 30% early Tuesday after the retailer announced a stock offering worth more than $1 billion. Wedbush cut its BBBY price target to 0 and left the underperforming (sell) rating unchanged.

4. Pinterest (PINS) gets multiple upside targets on Wall Street due to cost cuts, video and shopping. But there is no real growth. Most of the internet has no real growth. Fourth quarter EBITDA (earnings before interest, taxes, depreciation and amortization) beat. Lost revenue. $500 million worth of stock buybacks over the next 12 months allowed.

5. Boeing airplanes (BA) cut about 2,000 finance and HR jobs. However, the plane maker, which recently moved its headquarters to Northern Virginia, just outside DC, expects “significant growth” in its overall workforce by 2023.

6. DuPont (DD) was higher than adjusted earnings per share for the fourth quarter and above revenue. But puts first-quarter EBITDA guidance at $710 million versus $762 million expected. Announced to increase Q1 dividend of 9%. CEO Ed Breen works on a discretionary basis after 2024, according to SEC filings. Replace Breen’s existing employment agreement in December 2020.

7. Hertz (HTZ) beat EPS and adjusted revenue in the fourth quarter. Business demand increased 28% in January compared with last year, carpooling increased 98% and international growth increased 56%.

8. Morgan Stanley interest rate Molson Coors (TAP) a weight or hold equal. It is not known if the brewer can develop sustainably. We like and own constellation brand (STZ) for its Mexican beer portfolio.

9. Chegg (CHGG) reported a terrible quarter but had to accept it. The real learning platform is to blame for the lack of rigor in the classrooms. Shares fell about 20% early Tuesday.

ten. FootLocker (FL) starts with a buy review at BTIG. The miracles of the new CEO Mary Dillon.

(See This for a complete list of stocks in the Jim Cramer philanthropic trust.)

As a subscriber to CNBC’s Investment Club with Jim Cramer, you’ll receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending the trading notice before buying or selling shares in his charity’s portfolio. If Jim had talked about a stock on CNBC, he would have waited 72 hours after issuing a trading warning before taking a trade.

INFORMATION OF THE ABOVE INVESTMENT CLUB IS OUR DEPARTMENT TERMS AND CONDITIONS AND PRIVACY POLICYACCOUNTING WITH US DISCLAIMER US DISCLAIMER. NO PROCEDURE RESPONSIBILITIES OR OBLIGATIONS ARE existent, OR GENERAL, BECAUSE OF YOUR RECEIVING OF ANY INFORMATION PROVIDED IN RELATED TO THE INVESTMENT CLUB. NO SPECIFIC RESULTS OR PROFITS GUARANTEED.