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What I am looking at November 22, 2021:
- Atlantic Equities starts Salesforce.com (CRM) with a buy… business I am told is very strong… might be worth revisiting Workday which did have a great quarter
- Adobe (ADBE) upgraded by Atlantic Equities… once again I am told that these guys are having a good quarter
- Rent the Runway (RENT)… all analysts start coverage of the IPO with buy ratings…Really? —what a dangerous play as all of these apparel IPOs have failed versus traditional apparel companies
- Would Monster (MNST) merge with Constellation(STZ)?… a powerful combo because Constellation does not have great presence in the convenience store
- EV hangover… have they gone up too much?
- Nvidia (NVDA) is really coming on strong… same as Roblox (RBLX)… it is all about the omniverse and I am a believer… major focus
- Vonage (VG) catches a $21 bid from Ericsson.. platform for consumers
- Activision Blizzard (ATVI)… Truist lowers price target from $101 down to $74… analyst says CEO change coming
- Etsy (ETSY)… $265 target goes to $325 at Needham… analyst says company driving retention and frequency…
- Oatly (OTLY)…is not the way to play plant-based milk… results last week fell short bad
- Micrsoft (MSFT)… $2.6 trillion market cap… because of cybersecurity continue growth in IT spend
- GlobalFoundries (GFS)… right place right time… gets $88 price target at Bank of America…strong competitive advantage, manufacturing scale and differentiated technology
- Bank of America makes price target adjustments on automotive industry… Ford (F) goes from $20 to $22… but Magna International (MGA) lowered from $127 to $113…. Ferrari (RACE) goes from $275 to $300
- Holiday numbers… JPMorgan says best in a decade… November has ramped 85 to 90% of pre-covid levels…
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(Jim Cramer's Charitable Trust is long CRM, NVDA, F)
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