A consumer shops in a Costco store on September 28, 2021 in Miami, Florida.
Joe Raedle | Getty Images
(This article was sent first to members of the CNBC Investing Club with Jim Cramer. To get the real-time updates in your inbox, subscribe here.)
What I am looking at December 10, 2021:
- Last night’s earnings…three out of five ain’t bad… COST, AVGO, ORCL amazing… LULU merely good.
- Coscto (COST)…this investment club name crushed it… special dividend coming?… CFO Galanti at his most bullish and best on earnings call… opened second store in France; second building in China… 19 more new warehouses coming…. 79% of containers late by 51 days…chip shortage hurting…
- Broadcom (AVGO)… spewing cash… CEO Hock Tan announces $10B buyback…. so much money… hypercomputing…AI computing… club name
- Lululemon (LULU)… Mirror Mirror on the wall-shortfall
- Oracle (ORCL)…Ellison comes out firing… says he is crushing SAP and taking a huge amount of business from them… the banks are really going their way…
- Chewy (CHWY) results… really weak and costs just terrible
- U.S. banks… UBS takes “bullish view”… says next year: return of loan growth and rising rates… Bank of America (BAC) is top pick – most sensitive rate hike… banks more rate sensitive than ever..
- Macy’s (M) best idea of 2022 at Cowen… says digital retail leader getting faster and stronger… v. Rent the Runway (RENT) which is more of a cooperative not a business…. analyst says leading OMNI-platform… underappreciated
- Very funny: Credit Suisse downgrades Peloton (PTON)…buy to hold…going back to the gym….hysterically unneeded—price target to $50 from $112… LOL
- Roku (ROKU)… Needham cut PT $550 to $340… keeps it buy…quizzical… says best way to play OTT… TAM $60b… CTV ads…
- AMC Entertainment (AMC)…CEO Adam Aron sells 312,000 at $30.867 a share….CFO, sells 18,316 shares…Sean Goodman…virtually all his stock…
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(Jim Cramer’s Charitable Trust is long COST, AVGO.)