Nvidia CEO Jensen Huang wearing his usual leather jacket.
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What I am looking at November 18, 2021:
- Nvidia (NVDA) earnings… Nvidia will be the next $1 trillion company… the question is, will it be the first $10 trillion company?… our entire economy will be run on their GPUs!… well, not the entire, but anything that is digital will touch Nvidia IP: cars, workers, science and best of all, things that only CEO Jensen is thinking about including whole industries that don’t yet exist… greatest inflation fighter ever?
- Cisco (CSCO) says orders great but supply chain suppresses profits… is that reasonable or do we just want a company that has no supply chain issues with good growth?… supply chain issues are the kiss of death this Q because so many companies have figured out a way around them… See Skyworks CEO on Mad Money last night…
- Endeavor (EDR) upgraded from hold to buy at JPMorgan… live events, sports, tv and film… Citi and Deutsche raise PT
- Boeing (BA)… JPMorgan goes hold to buy … says fairly defined path and China Max certification now in view… The Chinese have to recognize that there simply is NO reason not to approve… sunk cost so to speak
- Baird likes TJX Cos. (TJX)… is this the best of the moment for apparel?… Victoria’s Secret (VSCO) very positive, too
- Tilray (TLRY)… Barclays starts with a sell rating… analyst says investor expectations are too high… Canopy Growth (CGX) is started as a neutral
- Macy’s (M)… it is a new customer story… digital curated marketplace… I hope it is going to the omniverse.. .This is a real turn because it also includes debt paydown… has right inventory… supply chain bottlenecks being dealt with… and the cadence is very strong…today’s TJX?
- Roblox (RBLX)… Stifel goes from $121 to $134 price target… predicts it could reach one billion active users… need to know more about Nvidia and Roblox
- Activision Blizzard (ATVI)… how much trouble really?… JPMorgan goes from buy to hold and Baird cuts price target from $82 to $74… has this company gone rogue?
- Kohl’s (KSS)… another good Q… don’t’ forget they got Sephora this Q… makeup and skincare starring… perhaps readthrough to Ulta (ULTA), and Bed Bath & Beyond (BBBY)… positive readthrough.
- Crowdstrike (CRWD)… has healthy cloud native biz… Davidson says stay the course
- Alibaba (BABA)… disappointing earnings even after guidedown… time to acknowledge that there is more than just one Amazon there—Pinduoduo and JD.com
- Enphase Energy (ENPH)… multiple price target raises after investor day
- Multiple PT boosts on Lowe’s (LOW)… So LOW, HD, M, KSS, Victoria’s Secret… winners
- Best Buy (BBY)… will be the next big one…earnings next week… Wells Fargo raises price target from $125 to $135… sees great risk reward
- How about Williams Sonoma (WSM) after the close?… If Kohls and Macy’s are good then WSM should be best in show and reports tonight
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(Jim Cramer’s Charitable Trust is long NVDA, CSCO, BA.)