10 Things to Watch Tuesday, April 16 The stock market is trying to regain stability after several bad days as attention turns to generally strong corporate earnings on Tuesday. Here are four ways to deal with volatility at your club. It’s a big beat for Morgan Stanley. Revenue of $15.14 billion exceeded expectations of $14.46 billion, and earnings per share (EPS) of $2.02 exceeded expectations of $1.66. Return on tangible shareholders’ equity is approximately 20%. In club name, trading and investment banking (IB) revenue exceeded expectations. The same was true for Wealth Management (WM), where pre-tax margins were also slightly better than expected. It generated approximately $95 billion in net new assets. Repurchased $1 billion in stock. I need to hear about the WM probe. Bank of America capped off a string of strong quarters for the bank. Revenues beat expectations, and adjusted EPS came in at 83 cents, beating expectations of 76 cents. Return on tangible common capital was 12.7%. Net interest income (NII) exceeded expectations. IB’s revenue exceeded expectations. Good quarter for Johnson & Johnson. Although sales are slightly lower, EPS is higher. Increase the floor of EPS guidance by 5 cents. Organic revenue growth increased by 7.7%. Pharmaceuticals increased by 8.3%, and medical equipment increased by 6.3%. UnitedHealth Group’s earnings are better than feared. Revenue rose nearly 9% to $99.8 billion, topping $99.21 billion, even as the company was still dealing with the effects of a cyberattack on its Change Healthcare subsidiary. The cost rate is better than expected. Adjusted EPS of $6.91 is higher than $6.59. This confirms the full-year forecast. The club’s name, Honeywell, was downgraded from buy to hold by Deutsche Bank, citing slowing growth prospects. This is why CEO Vimal Kapur needs to restructure his portfolio. Barclays double-upgraded Tyson Foods from underweight (sell) to overweight (buy). Evercore ISI will begin coverage of a small number of semifinals. I like everything in the scope except Intel and Qualcomm. The Favors Club names Nvidia and Broadcom, Advanced Micro Devices and Marvell in the parallel processing space, and Texas Instruments, Analog Devices, Microchip Technology and NXP Semiconductors in the Internet of Things. JP Morgan has reiterated Uber, and the club has cited Amazon and Metaplatform as top internet candidates heading into earnings season. Goldman initiates coverage of DraftKings with a buy rating and a price target of $60 per share. Analysts refer to this as compounding returns due to the growth of the Total Addressable Market (TAM) and increased profits. 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 As a subscriber to our investment club, 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 the 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.
10 things to watch on Tuesday, April 16th
After several days of bad conditions, the stock market is beginning to regain stability on Tuesday, with attention shifting to generally strong corporate profits. Here are four ways to deal with volatility at your club.
big beat morgan stanley. Revenue of $15.14 billion exceeded expectations of $14.46 billion, and earnings per share (EPS) of $2.02 exceeded expectations of $1.66. Return on tangible shareholders’ equity is approximately 20%. In club name, trading and investment banking (IB) revenue exceeded expectations. The same was true for Wealth Management (WM), where pre-tax margins were also slightly better than expected. It generated approximately $95 billion in net new assets. Repurchased $1 billion in stock. I need to hear about the WM probe.
american bank Rounding out a string of strong quarters from the bank. Revenues beat expectations, and adjusted EPS came in at 83 cents, beating expectations of 76 cents. Return on tangible common capital was 12.7%. Net interest income (NII) exceeded expectations. IB’s revenue exceeded expectations.
strong quarter johnson & johnson. Although sales are slightly lower, EPS is higher. Increase the floor of EPS guidance by 5 cents. Organic revenue growth increased by 7.7%. Pharmaceuticals increased by 8.3% and medical devices by 6.3%.
united health group Earnings are better than feared. Revenue rose nearly 9% to $99.8 billion, topping $99.21 billion, even as the company was still dealing with the effects of a cyberattack on its Change Healthcare subsidiary. The cost rate is better than expected. Adjusted EPS of $6.91 is higher than $6.59. This confirms the full-year forecast.
club name honeywell Deutsche Bank downgraded the stock from buy to hold due to slowing growth prospects. This is why CEO Vimal Kapur needs to restructure his portfolio.
barclays double upgrade tyson foods From underweight (sell) to overweight (buy).
Evercore ISI will begin coverage of a small number of semifinals. I like everything about the scope, but intel and Qualcomm.favor club name Nvidia and broadcom Similar to advanced micro devices, marvel parallel processing and texas instruments, Analog Devices, microchip technology and NXP Semiconductors In the Internet of Things.
JP Morgan repeats Uber Club name too Amazon and meta platform It is being cited as one of the internet’s top picks heading into earnings season.
Goldman begins coverage draft kings Buy, price target of $60 per share. Analysts refer to this as compounding returns due to the growth of the Total Addressable Market (TAM) and increased profits.
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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.
