Jim Cramer is monitoring 10 stocks, including Apple and Exxon Mobil.
Some tickers on my radar for Wednesday, October 25, as reported by my reporter's notebook include:
- The sale of semi technology to China has been capped by the Biden administration, which may impact the spike in chip orders from China.
- Deutsche Bank reduces its price target for (AAPL) from $210 to $200 and maintains its buy rating on shares, stating that its prior Q1 revenue estimate of 10% year-over-year is overly optimistic. The reduction in the price target will cause the stock to decline.
- The company's strong third-quarter results led to an increase in multiple price targets for (SPOT).
- JPMorgan lowered its price target for XOM from $137 to $134, while keeping its overweight rating on the shares. This reflects a modest dilution resulting from the acquisition of PXD.
- Despite Q3 beating expectations, the stock price of GM decreased due to the ongoing auto workers' strike.
- Boeing (BA) announced that it will produce fewer 737 Max aircraft than previously anticipated due to production issues. Despite this, the company maintains its expectations for 2023 free cash flow. BA's shares rose 3% in the premarket.
- The price target at Wells Fargo was increased from $60 to $62.
- RBC Capital lowered its price target for MMM to $100, while keeping its sell rating on the stock.
- The stock price of TMUS increased by 1% before the market opened, despite the company reporting a weak increase in total net customers in the quarter.
- PulteGroup's (PHM) Q3 earnings exceeded expectations, but the company's weaker Q4 order outlook led RBC to lower its price target.
- Citi lowers its target price for Etsy from $114 to $67, citing uncertain growth prospects.
by Jim Cramer
markets
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