Market Recap
$Goldman Sachs (GS.US)$ - Any further significant weakness at the index level should be seen as a buying opportunity," strategists said. The bank does not think the correction will deepen and turn into a bear market. (As usual, inverse Goldman. Remember, Cramer used to work for them)
JP Morgan- Stock market selloff is overdone.
$Citigroup (C.US)$ - Oil might not top $100, sees oil prices falling more than 20% by the fourth quarter to an average price of $65. Expects the latest bull run to be transitory because supply is rising too fast.
$Microsoft (MSFT.US)$ - Amazing numbers. PC business exceeding expectations. Only weakness was their gaming business. (PT upgrades probably incoming)
$American Express (AXP.US)$ - Receiving PT upgrades, including one from BOA. Gen Z and Millennial spending way up. Best quarter in like 37 years? 🚀🚀🚀
Other companies receiving upgrades include PEP, LMT, F, UNH, APA, YETI, DKNG
Downgrades for CLX
$Coinbase (COIN.US)$ - Mizuho bearish, thinks COIN is in trouble. Cuts PT
$Plug Power (PLUG.US)$ - Susquehanna upgrade, Plug's top-line growth potential as the green hydrogen ecosystem develops over the next several years," saying the stock is worth $26 a share
$Kimberly-Clark (KMB.US)$ - Falling. Getting killed by rising costs.
$Penn Entertainment (PENN.US)$ , $DraftKings (DKNG.US)$ - Morgan Stanley and Macquarie upgrades, online sports betting can stage a strong comeback this year
$Stride (LRN.US)$ - Big beat. Demand for Online Learning remains strong.
$Rivian Automotive (RIVN.US)$ - Price cut. Q4 production lower than expected. Concern about market condition in regards to growth stocks
$Corning (GLW.US)$ - Tops estimates. Impressive guidance
$AT&T (T.US)$ - Showed growth in most of its divisions. Led the wireless industry in subscriber growth in 2021. Spinoff concerns lingering
$Moderna (MRNA.US)$ - Current price level more reasonable in terms of valuation. Still not buy
$F5 Inc (FFIV.US)$ - Terrible earnings. Supply chain issues
$Abbott Laboratories (ABT.US)$ - Earnings beat. But guidance not above expectation.
$Beyond Meat (BYND.US)$ - Up because of news that Beyond Meat sales at McD is way up
$Boeing (BA.US)$ - Huge loss. Investors only care about fixing 787 issues though
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dwarrior : To the moon. Lol
Dongsun Cao : Your comments gave me confidence!
MoonCat :
旧牛 :