My top 10 things to watch Tuesday, Dec. 12 Oracle : The transition to the cloud is proving tougher than we thought. However, the company does not believe it’s doing badly, which makes it tough to reconcile. The stock was falling more than 9% after Monday evening’s tough quarter. Investing Club members check your emails and your texts for our next move on Oracle. ( If you’re not a member, sign up here . We also have our Monthly Meeting livestream for members next week.) More tame inflation data: Consumer price increases slowed to 3.1% year over year, which matched expectations. Wall Street mixed heading into the open. The Dow , the S & P 500 and the Nasdaq closed higher Monday, extending their winning streaks to three sessions. Adobe is set to report earnings after the closing bell Wednesday. Ahead of the numbers, Citi analysts, which rate the stock a neutral, expect a strong report with price increases. Alphabet ‘s Google loses to Epic in federal antitrust trial. It will most likely lead to a negotiated settlement to give Epic a break. It does not threaten the method of operation of Google despite press reports otherwise. Cowen likes Take-Two ‘s outlook for 2024 and makes it a top idea. I think it depends on when Grand Theft Auto 6 is really ready. Choice Hotels goes hostile against Wyndham chain, offering $49.50 in cash and 0.324 shares of Choice, valuing the deal at $69.10. Wyndham is currently at around $79. Claiming 30% premium. Could be a good sign for bankers, too. Cowen names sneaker and apparel maker On Holding a top idea. Admits to controversy but feels confident about the stock. Actually, good for Club name Foot Locker because it carries a full line of On’s products. Walmart best Cowen idea in retail. Price target: $188 per share. More fallout from Macy’s $21-per-share bid by Arkhouse Management and Brigade Capital. Looks to be for the department store’s real estate: 783 stores. Speaks, again, to the value of commercial real estate. Morgan Stanely upgrades HP Inc. to overweight from equal weight (buy from hold) and increases price target to $35 per share from $31. The analysts think the stock is underappreciated and expect a rebound. I am unsure of the prospects here. Should have had a better last quarter. Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free (See here for a full list of the stocks at Jim Cramer’s Charitable Trust.) 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 trust’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 INVESTING 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 YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
My top 10 things to watch Tuesday, Dec. 12
Oracle: The transition to the cloud is proving tougher than we thought. However, the company does not believe it’s doing badly, which makes it tough to reconcile. The stock was falling more than 9% after Monday evening’s tough quarter. Investing Club members check your emails and your texts for our next move on Oracle. (If you’re not a member, sign up here. We also have our Monthly Meeting livestream for members next week.)
More tame inflation data: Consumer price increases slowed to 3.1% year over year, which matched expectations. Wall Street mixed heading into the open. The Dow, the S&P 500 and the Nasdaq closed higher Monday, extending their winning streaks to three sessions.
Adobe is set to report earnings after the closing bell Wednesday. Ahead of the numbers, Citi analysts, which rate the stock a neutral, expect a strong report with price increases.
Alphabet‘s Google loses to Epic in federal antitrust trial. It will most likely lead to a negotiated settlement to give Epic a break. It does not threaten the method of operation of Google despite press reports otherwise.
Cowen likes Take-Two‘s outlook for 2024 and makes it a top idea. I think it depends on when Grand Theft Auto 6 is really ready.
Choice Hotels goes hostile against Wyndham chain, offering $49.50 in cash and 0.324 shares of Choice, valuing the deal at $69.10. Wyndham is currently at around $79. Claiming 30% premium. Could be a good sign for bankers, too.
Cowen names sneaker and apparel maker On Holding a top idea. Admits to controversy but feels confident about the stock. Actually, good for Club name Foot Locker because it carries a full line of On’s products.
Walmart best Cowen idea in retail. Price target: $188 per share.
More fallout from Macy’s $21-per-share bid by Arkhouse Management and Brigade Capital. Looks to be for the department store’s real estate: 783 stores. Speaks, again, to the value of commercial real estate.
Morgan Stanely upgrades HP Inc. to overweight from equal weight (buy from hold) and increases price target to $35 per share from $31. The analysts think the stock is underappreciated and expect a rebound. I am unsure of the prospects here. Should have had a better last quarter.
Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free
(See here for a full list of the stocks at Jim Cramer’s Charitable Trust.)
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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 trust’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 INVESTING 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 YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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