Jim Cramer’s top 10 things to watch in the market on Monday: Stocks, China, Apple

Top 10 Things to Watch Monday, December 5, 2022 1. Morgan Stanley’s Mike Wilson says he’s seen enough of a rally, and he says it’s time to bail. The high end of the year-end S&P 500 price target, from 4,000 to 4,150, has less than a 2% upside. Stay with defense stocks and utilities. Industrialists carried the market. I recently wrote about some hot old school stocks and how we play in the sector for the Club. 2. According to the latest CNBC Supply Chain Heat Map data, Chinese manufacturing for the US is down 40% due to factory closures there due to Covid restrictions. According to Reuters, China may be ready to announce 10 more Covid mitigation measures this week as Beijing slowly admits that the latest variants of Covid are no worse than the flu. 3. Wedbush says the current situation in China is a complete disaster for Club holdings Apple (AAPL). Typical overstatement. Foxconn’s revenue fell 29% in November due to a slowdown at its largest iPhone assembly factory in China. But is it back to normal soon? Reports indicate that full production will resume before or around the new year. 4. Atlantic Equities says Sam Bankman-Fried, also known as SBF, will affect everything as the crypto winter continues. Most notably, analysts cut their price target on digital currency exchange Coinbase (COIN) from $67 to $46 a share. In April 2021, COIN reached an all-time high of over $429 per share as bitcoin traded near $60,000. Bitcoin was just over $17,000 on Monday. Meanwhile, Crypto broker Genesis, run by Tyler and Cameron Winklevoss, owes clients $900 million, according to the Financial Times. 5. Europe’s demand for natural gas has been cut by a quarter due to erratic warming. Europe is trying to reduce Russian natural gas as Moscow’s war in Ukraine continues. Meanwhile, OPEC+ left oil production targets unchanged ahead of the EU ban on Russian crude. The G7 countries raised the price of Russian oil shipped by sea to $60 per barrel. 6. Citi cut its price target on Salesforce ( CRM )’s Club to $164 per share from $170, but maintains a neutral rating. Analysts note the loss of Salesforce partner Veeva Systems ( VEEV ). Salesforce executive vice president named CFO at Frontdoor ( FTDR ) following CEO departure announcement. 7. MoffettNathanson says Disney ( DIS ) holdings bring in far less revenue than the club thinks. Analysts say Bob Iger has a tough road ahead when he returns as CEO. However, MoffettNathanson maintains an outperform (buy) rating and a price target of $120 per share. 8. Deutsche Bank downgrades Starbucks (SBUX) to buy, but raises price target to $106 per share from $100. Analysts say SBUX is not negative; a hold rating “reflects what we currently believe is a balanced Risk-Reward scenario. 9. Ulta Beauty (ULTA) raised its price target to $548 a share at Barclays to $511. I’ll be visiting Ulta. Later on Monday and “Mad Money CEO interview for “. The club has a hand in beauty with our position in Estee Lauder (EL). 10. Citi raised its price target on PVH Corporation (PVH) to $74 per share from $60. Deutsche Bank, the company behind brands Tommy Hilfiger, Calvin Klein and Van Heusen the company saw some margin pressure, but reported a better-than-expected quarter.(Jim Cramer’s Charitable Trust long AAPL, CRM) , SBUX and EL. See here for a complete list of stocks.) As a subscriber to the CNBC Investment Club with Jim Cramer, Jim trades before trading you will receive the alert. Jim waits 45 minutes after sending a trade alert. buying or selling stocks in his charitable trust’s portfolio If Jim ha s CNBC TV- also talked about a stock that waits 72 hours after issuing a trade alert before executing a trade. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY. NO FIDUCIARY ENTITY OR DUTIES ARE OR WILL BE CREATED BY YOUR ACCEPTANCE OF INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO RESULTS OR PROFITS ARE GUARANTEED.

My 10 best things to watch on Monday, December 5, 2022

1. Morgan Stanley’s Mike Wilson says he’s seen enough of the rally, and he says it’s time to bail out. It has a year-end upside of less than 2% S&P 500 4,000 to 4,150 price target. Stay with defense stocks and utilities. Industrialists carried the market. I recently wrote about some hot old school stocks and how we play in the sector for the Club.

2. According to the latest CNBC Supply Chain Heatmap data, Chinese manufacturing for the US is down 40% due to factory closures there due to Covid restrictions. According to Reuters, China may be ready to announce 10 more Covid mitigation measures this week as Beijing slowly admits that the latest variants of Covid are no worse than the flu.

3. Wedbush says that the current situation in China is a complete disaster for the Club holding company apple (AAPL). Typical overstatement. Foxconn’s revenue fell 29% in November due to a slowdown at its largest iPhone assembly factory in China. But is it back to normal soon? Reports indicate that full production will resume before or around the new year.

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