Wednesday, December 14, 2022, Top 10 Items to Watch 1. Wall Street is poised to see what the Federal Reserve (Fed) will do with rates on Wednesday afternoon at the end of its December meeting. It shows relatively flat opening prices. The market expects a further smaller 50 basis point rate hike after four consecutive 75 basis point hikes. Tuesday’s lower-than-expected CPI reading gives investors hope that inflation has really turned a corner. ‘ said CEO Changpeng Zhao. After the FTX exchange collapsed and its founder Sam Bankman-Fried was arrested on fraud charges, many withdrawals were made across the industry. Wednesday is the Senate Banking Committee’s turn. 3. Delta Air Lines (DAL) stock rose in the premarket after the airline raised its fourth-quarter and full-year earnings-per-share (EPS) estimates. Delta expects his EPS to be $1.35 to $1.40, versus expected $1 to $1.15. 2022 Full Year EPS Guidance: $3.07-3.12 vs $2.89 Expected. In contrast, JetBlue (JBLU) expects fourth-quarter revenue per available seat mile to be at the lower end of its previous guidance range. 4. Deutsche Bank raises its price target on the club that owns Nvidia (NVDA) from $150 to $170 per share. Maintain retention ratings. I, like everyone else, am waiting for the excess inventory of video game chips to clear up. 5. Deutsche Bank buys the cover of Club Holding Danaher (DHR) with a buy rating and he starts at a target price of $310 per share. Analysts there also began reporting on nine other life sciences companies, including Thermo Fisher Scientific (TMO), with acquisitions and price targets of $620. 6. Argus Research and Deutsche Bank raise price targets for Corona beer maker Constellation Brands (STZ) from $270 to $295 and from $244 to $249, respectively. Argus holds his STZ as a buy. Deutsche Bank holds STZ. 7. Goldman Sachs has lowered its Tesla (TSLA) price target to $235 per share from his $305, but maintains a buy rating. Analysts there have lowered their earnings-per-share estimates for the 2023 fiscal year. Meanwhile, there is also a Wall Street Journal report that TSLA investors have expressed concerns about Elon Musk’s attention to his Twitter. 8. Jefferies raises its price target on Netflix (NFLX) from $250 to $310 per share. Maintain retention ratings. Analysts there point to password crackdowns on streaming services and new advertising tiers as catalysts. 9. Wells Fargo increased its price target on Goldman Sachs (GS) from $380 to $400 per share. Maintain an overweight (buy) rating. The analyst cut his EPS estimate for the fourth quarter, but left full-year 2023 and his 2024 estimates intact. 10. Morgan Stanley said in a memo that it is not concerned about Apple (AAPL) App Store competition. Meanwhile, UBS says his new iPhone has improved latency. (Jim Cramer’s Charitable Trust is long in NVDA, DHR, STZ, and his AAPL. See here for the full list of stocks.) Subscribers to Jim Cramer’s CNBC Investing Club, Jim Receive trade alerts before they place trades. Jim waits 45 minutes after sending a trade alert before buying or selling shares in his charitable trust portfolio. If Jim talks about his stock on his CNBC TV, he will wait 72 hours after issuing a trade alert before executing the trade. The investment club information above is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duty or obligation exists or is created by your receipt of information provided in connection with The Investment Club. No specific results or benefits are guaranteed.
Wednesday, December 14, 2022
1. U.S. stock futures open relatively flat as Wall Street waits to see what happens What the Federal Reserve Does With Interest Rates Wednesday afternoon after the December meeting ended. The market expects a further smaller 50 basis point rate hike after four consecutive 75 basis point hikes.cooler than expected tuesday Reading the Consumer Price Index Investors can get hope that inflation is really out of the woods.
2. Cryptocurrency exchange Binance “Stable” Deposits are “coming back,” said CEO Changpeng Zhao. After the FTX exchange collapsed and its founder Sam Bankman-Fried was arrested on fraud charges, many withdrawals were made across the industry. Wednesday is the Senate Banking Committee’s turn.
3.delta (DAL) shares rise in premarket after airline Boosted Estimate Fourth quarter and full year earnings per share (EPS). Delta expects EPS of $1.35 to $1.40 versus expected $1 to $1.15. 2022 Full Year EPS Guidance: $3.07-3.12 vs $2.89 Expected. In contrast, jet blue (JBLU) said it expects fourth-quarter revenue per available seat mile to be at the lower end of its previous guidance range.
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