My Top 10 Things to Watch on Monday, February 6th
1. David Kostin of Goldman Sachs offers conventional, well-loved wisdom: The Fed engineers a soft landing and it’s already priced in the market. So sell the stock for higher returns and buy short paper because that would work? It seems … at least to start the week. DowThe S&P 500 And this nasdaq Tracking Monday to add to Friday’s strong jobs-driven decline.
2. credit suisse raises Estee Lauder (EL) price target of $215 to $305 per share. It’s a catch-up call to the name of this club, which has been climbing steadily since November. Recently, China supported the zero-covid gap and reopening of its economy. Here’s a quick update on all 34 stocks in my charitable trust. Plus, my blueprint for changing your mindset for this new bull market.
3. JP Morgan raises price target on Club stock TJX Companies (TJX) $90 to $95 per share; TJ Maxx maintains an overweight (buy) rating on the off-price retailer behind Marshall’s and HomeGoods. JPMorgan analyst sees similar move on TJX rival Burlington Store (Berle).
4. Raymond James downgraded Kotera Energy (CTRA) From Outperform to Market Underperform (Buy to Hold). Analysts see a strong balance sheet but cite declines in natural gas, which accounts for about 50% of Club Holding’s business.
5. bernstein elevation diego (DEO) to Outperform the market (Buy from Hold) and raises the price target to $225 per share from $215. Analysts see compelling value, great momentum, for the company behind brands like Johnnie Walker whiskey, Kettle One vodka and Guinness beer. For the club, a Mexican beer powerhouse we love and own Nakshatra Brand (STZ).
6. Barclays lowers clorox (CLX) raised price target by $2 to $110 per share; Maintains Underweight (Sell) rating. Even after a good quarter, analysts hate it. In consumer staples, we own Procter & Gamble (PG). It is always good to have recession resistant stocks in a diversified portfolio.
7, dell technologies (DELL) cut 6,650 jobs, reflecting struggles in personal computers. rival HP Inc.(HPQ) has also announced 6,000 job cuts.
8. public storage (PSA) launches $11 billion bid for rival life storage (LSI). The offer imposes a premium of about 8% over Friday’s LSI close, which is being reflected in early trade on Monday.
9. Raises price target on Baird regenerateron (REGN) from $670 to $756 per share; Maintains Neutral Hold rating. Dupixent is doing well. wonder drug? Treats eczema and asthma. Canaccord PT $750 to $853; Keeps buying RBC Capital reduced the PT from $789 to $787; Holds a Sector Performance (Hold) rating.
10. T Mobile (TMUS) was downgraded from Outperform to Market Perform (from buy to hold) by MoffettNathanson; maintains a $174-per-share price target. It’s a surprise downgrade because the analysts out there seem to like it.
(Jim Cramer’s charitable trust is long EL, TJX, CTRA, STZ, PG. See. Here for a full list of stocks.)
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