My Top 10 Things to Watch Wednesday, April 3 Wall Street widened its losses on Tuesday as bond yields continued to rise. U.S. companies’ hiring trends last month were better than expected, according to the latest data from ADP. Members can check out our explanation on how to decide when to buy or not. Atlanta Fed President Rafael Bostic expects to cut interest rates only once this year. He believes if that happens, it will be in the fourth quarter. Bostic expressed concern about the pace of inflation. I have continued to say that the Fed has no plans to cut business anytime soon because of the strong economy. Did Nelson Peltz lose the fight for a seat on the Disney board? Looks like that. Shareholder voting will conclude at the annual general meeting on Wednesday. His push to improve Disney’s management has led to a significant rise in the company’s stock price. After that run, I downsized my position on Monday. Deutsche Bank raised its price target for club name Procter & Gamble from $170 to $175 per share. We maintain a “buy” rating, which is higher than the quarterly results for the second half of this month. Channel checks seem to be working properly. The club’s name, Eaton, was appointed by Deutsche Bank to facilitate the acquisition ahead of the club’s financial results at the end of the month. Analysts are expecting a beat and a rise. Tuesday’s commentary featured Eaton and two other club industries receiving positive mentions. Gordon Haskett put a “yellow light” on Costco, downgrading it from buy to save. I think this could be an opportunity to buy shares in the club. Gordon Haskett analysts maintained their price target on Costco at $775 per share. Gordon Haskett has accumulated a stake in Five Below and lowered his price target from $210 to $200 per share. The retailer certainly had a poor quarter. Gordon Haskett upgraded Lowe’s from Accumulate to Hold, but kept his price target unchanged at $245. This call on the eve of the gardening season seems doubtful. Alphabet lowered Wells Fargo’s price target from $144 to $141 per share. Analysts maintain a Hold equivalent rating. This is about search problems. We trimmed the alphabet alongside Disney on Monday. Citi has questioned Intel’s foundry business goals, calling them “questionable.” Intel’s stock price fell more than 5% after the company disclosed widening operating losses in its manufacturing business. Sign up for free for my Top 10 Morning Thoughts on the Markets email newsletter (See here for a complete list of Jim Cramer Charitable Trust stocks.) Jim Cramer’s CNBC Investment Club As a subscriber, you can receive trade alerts. Before Jim trades. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in a charitable trust’s portfolio. If Jim talks about a stock on his CNBC TV, he will wait 72 hours before executing a trade after issuing a trade alert. The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.
Top 10 things to watch on Wednesday, April 3rd
Wall Street widened its losses on Tuesday as bond yields continued to rise. U.S. companies’ hiring trends last month were better than expected, according to the latest data from ADP. Members can check out our explanation on how to decide when to buy or not.
Atlanta Fed President Rafael Bostic said he expects only one rate cut this year. He believes if that happens, it will be in the fourth quarter. Bostic expressed concern about the pace of inflation. I have continued to say that the Fed has no plans to cut business anytime soon because of the strong economy.
Did Nelson Peltz lose the battle? disney Board seat? Looks like that. Shareholder voting will conclude at the annual general meeting on Wednesday. His push to improve Disney’s management has led to a significant rise in the company’s stock price. After that run, I downsized my position on Monday.
Deutsche Bank raises club name procter and gamble The target price is $175 per share, down from $170. We maintain a “buy” rating, which is higher than the quarterly results for the second half of this month. Channel checks seem to be working properly.
club name Eaton It was selected as a buy opportunity by Deutsche Bank ahead of the end of the month. Analysts are expecting a beat and a rise. Tuesday’s commentary featured Eaton and two other club industries receiving positive mentions.
Gordon Haskett raises ‘yellow flag’ costco, downgrade to accumulate from purchases. I think this could be an opportunity to buy shares in the club. Gordon Haskett analysts maintained their price target on Costco at $775 per share.
Gordon Haskett takes it. Five Below Cumulatively lowering the target price from $210 to $200 per share. The retailer certainly had a poor quarter.
Gordon Haskett takes it. lowe’s The cumulative price remains unchanged, but the target price remains unchanged at $245. This call on the eve of the gardening season seems doubtful.
alphabet Wells Fargo’s price target is lowered from $144 to $141 per share. Analysts maintain a rating equivalent to Hold. This is about search problems. We trimmed the alphabet alongside Disney on Monday.
city questions intelThe target of the foundry business is “suspicious”. Intel’s stock price fell more than 5% after the company disclosed widening operating losses in its manufacturing business.
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The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.
