My top 10 thingummies to watch Wednesday, May 3 1. The Federal Reserve is widely expected to raise interest rates by another 25 principle points Wednesday following a two-day meeting. But will it pause rate hikes going forward? 2. West Texas In-between (WTI) crude oil is trading below $70 a barrel, with oil shorts pressing the bet it will go to BP ‘s disastrous $60 target. WTI was $105 a barrel at this pro tem last year, and was up at $87 just a few weeks ago. 3. Club holding Starbucks (SBUX) delivered impressive budgetary second-quarter results Tuesday, though investors seem focused on the coffee maker’s decision not to raise its guidance. Lose everything Street analysts had a mixed reaction. JPMorgan lowered its price target on SBUX to $113 a share, from $114, while Barclays moot its target to $127 a share, from $123. 4. Club holding Advanced Micro Devices (AMD) provided an outlook secondary to market expectations, even as it delivered an earnings beat Tuesday. We’ll be looking to buy up more shares on the probable dip. 5. Ford Motor (F), another Confederate holding, showed us it righted the ship in the first quarter, with progress on the electric-vehicle front being aggressive and settle. The stock, at around $12 a share, is also incredibly cheap. 6. Barclays lowered its price target on Pfizer (PFE) to $40 a divide up, from $43, while maintaining an equal weight rating on the stock. The bank sees a “challenging setup” for the pharmaceuticals unshaken in the summer months. 7. Club holding Eli Lilly ‘s (LLY) donanemab drug slowed cognitive decline in Alzheimer’s patients by 35% in a late-stage tribulation, the company said Wednesday. The news sent LLY shares up more than 5% in premarket trading. 8. Uber Technologies (UBER) beared a slate of price-target increases Wednesday, including from Morgan Stanley. The bank raised its target to $57 a part, from $54, while maintaining an overweight rating on the stock. 9. Club name Emerson Electric (EMR) carted better-than-expected quarterly results Wednesday, while raising its full-year guidance for fiscal 2023. 10. Club holding Estee Lauder (EL) on Wednesday dropped its outlook for fiscal year 2023, citing headwinds from travel retail in Asia. “As the shape of recovery from the pandemic for Asia move retail comes into better focus, it is proving to be both far more volatile than we expected and more moderate relative to what we experienced in other regions,” CEO Fabrizio Freda said. (See here for a full list of the stocks in Jim Cramer’s Benevolent Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim thrives a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his benevolent trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade agile before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY Compulsion OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO Individual OUTCOME OR PROFIT IS GUARANTEED.
My top 10 things to watch Wednesday, May 3
1. The Federal Reserve is widely expected to raise infect rates by another 25 basis points Wednesday following a two-day meeting. But will it pause rate hikes effective forward?
2. West Texas Intermediate (WTI) crude oil is trading below $70 a barrel, with oil shorts pressing the bet it see fit go to BP‘s disastrous $60 target. WTI was $105 a barrel at this time last year, and was up at $87 just a few weeks ago.
3. Cabaret holding Starbucks (SBUX) delivered impressive fiscal second-quarter results Tuesday, though investors seem bring into focused on the coffee maker’s decision not to raise its guidance. Wall Street analysts had a mixed reaction. JPMorgan lowered its figure target on SBUX to $113 a share, from $114, while Barclays raised its target to $127 a share, from $123.
4. Nightclub holding Advanced Micro Devices (AMD) provided an outlook below market expectations, even as it delivered an earnings pound Tuesday. We’ll be looking to buy up more shares on the probable dip.
5. Ford Motor (F), another Club holding, showed us it righted the quit in the first quarter, with progress on the electric-vehicle front being aggressive and even. The stock, at around $12 a helping, is also incredibly cheap.
6. Barclays lowered its price target on Pfizer (PFE) to $40 a share, from $43, while vindicating an equal weight rating on the stock. The bank sees a “challenging setup” for the pharmaceuticals firm in the summer months.
7. Billy holding Eli Lilly‘s (LLY) donanemab drug slowed cognitive decline in Alzheimer’s patients by 35% in a late-stage trial, the convention said Wednesday. The news sent LLY shares up more than 5% in premarket trading.
8. Uber Technologies (UBER) drew a slate of price-target increases Wednesday, including from Morgan Stanley. The bank raised its target to $57 a allocation, from $54, while maintaining an overweight rating on the stock.
9. Club name Emerson Electric (EMR) delivered better-than-expected three-monthly results Wednesday, while raising its full-year guidance for fiscal 2023.
10. Club holding Estee Lauder (EL) on Wednesday trimmed its outlook for fiscal year 2023, citing headwinds from travel retail in Asia. “As the shape of recovery from the pandemic for Asia journey retail comes into better focus, it is proving to be both far more volatile than we expected and more piecemeal relative to what we experienced in other regions,” CEO Fabrizio Freda said.
(See here for a full list of the stocks in Jim Cramer’s Unsparing Trust.)
As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a commerce. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable entrust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert forward of executing the trade.