Jim Cramer's Top 10 Things to Watch for in the Stock Market on Friday
Jim Cramer's Top 10 Things to Watch for in the Stock Market on Friday
My Top 10 Things to Watch for Friday, Nov. 15 1. President-elect Donald Trump's decision to nominate prominent vaccine skeptic Robert F. Kennedy Jr. to lead the Department of Health and Human Services has huge implications for the pharmaceutical companies. That's why shares of pharmaceutical companies, and vaccine makers in particular, sold off Thursday night when reports of the pick first emerged. We own Eli Lilly for the Club. 2. Warren Buffett's Berkshire Hathaway sold most of its stake in Ulta Beauty in the third quarter after only building its position in the second quarter, regulatory filings show. Did Buffett ever know about the Ulta involvement beyond the superficial? It is not clear. He never spoke to management. Worth noting: Buffett has two investor lieutenants, Ted Weschler and Todd Combs, who control some money. 3. Elsewhere, Berkshire acquired a stake in Domino's Pizza in the quarter, sending the chain's stock higher on Friday. Should you buy Domino's after the Berkshire move? Maybe buy Domino's from CEO Russell Weiner. We no longer know how involved Buffett is. Do you own these investments? 4. Multiple price target increases for Club Holding Disney after its strong quarter and optimistic multi-year earnings guidance. TD Cowen rises to $123 per share from $108, but maintained its hold rating on the stock. Wells Fargo rose to $138 from $116 and maintained its purchase. Bank of America's new price target of $140, up from $120, is the highest I've seen. BofA reiterated its buy call. 5. Alibaba shares rose after the Chinese e-commerce and cloud giant predictably reported better-than-expected earnings. Company-wide sales were a bit weak. However, year-over-year cloud revenue growth accelerated slightly in the quarter, helped by triple-digit percentage growth in AI-related products. 6. Applied Materials shares are getting crushed after the semiconductor equipment company's sales outlook for the current quarter fell short of expectations. In response, analysts lowered their price targets, but not by much. Could the stock's roughly 9% drop be an overreaction? 7. Palantir is transferring its listing to the Nasdaq from the New York Stock Exchange, in a move that would make the data analytics software company eligible for inclusion in the Nasdaq 100. That index consists of 100 non-financial companies largest on the stock market, and is followed by the popular Invesco QQQ ETF. 8. Kate Spade and Coach owner Tapestry scored a pair of price target hikes now that their merger with fellow luxury player Capri has officially finalized. A federal judge blocked the union last month. Wells Fargo rose to $75 per share from $65 and maintained its buy rating on Tapestry stock. Baird rose to $64 from $58 and reiterated his buy call. 9. Cowen raised his price target on Mastercard to $587 per share from $533 after the payments network provider's investor day made clear its long-lasting growth trajectory is intact. I also really liked what Mastercard said. 10. Morgan Stanley has become more cautious about the clean technology industry ahead of Donald Trump's return to the White House in January, saying there is uncertainty about changes in the political environment. Still, analysts raised their price target for GE Vernova, which makes gas and wind turbines, to $367 a share from $301 and reiterated their buy-equivalent rating. Sign up for my free email newsletter Top 10 Morning Market Thoughts (see here for a complete list of Jim Cramer's Charitable Trust holdings). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable fund's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, TOGETHER WITH OUR DISCLAIMER. NO FIDUCIARY OBLIGATION OR DUTY EXISTS OR IS CREATED BY VIRTUE OF THE RECEIPT OF ANY INFORMATION PROVIDED IN RELATION TO THE INVESTMENT CLUB. NO SPECIFIC RESULTS OR BENEFITS ARE GUARANTEED.
Republican presidential candidate former US President Donald Trump welcomes Robert F. Kennedy Jr. to the stage at a Turning Point Action campaign rally at the Gas South Arena on October 23, 2024 in Duluth, Georgia.
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My Top 10 Things to See on Friday, November 15
1. President-elect Donald Trump's decision to nominate prominent vaccine skeptic Robert F. Kennedy Jr. to lead the Department of Health and Human Services has huge implications for pharmaceutical companies. That's why shares of pharmaceutical companies, and vaccine makers in particular, sold off Thursday night when reports of the pick first emerged. we are owners Eli Lilly for the Club.
2. Warren Buffett Berkshire Hathaway sold most of its stake in Ulta Beauty in the third quarter after only building its position in the second quarter, regulatory filings show. Did Buffett ever know about the Ulta involvement beyond the superficial? It is not clear. He never spoke to management. Worth noting: Buffett has two investor lieutenants, Ted Weschler and Todd Combs, who control some money.
3. Furthermore, Berkshire acquired a stake in Domino's Pizza in the quarter, sending the chain's stock higher on Friday. Should you buy Domino's after the Berkshire move? Maybe buy Domino's from CEO Russell Weiner. We no longer know how involved Buffett is. Do you own these investments?
