My top 10 things to watch Tuesday, Jan. 30 Wall Street under some pressure early Tuesday ahead of a flood of after-the-bell earnings. The Dow and the S & P 500 on Monday both closed at record highs for the sixth time in 2024. The Nasdaq finished roughly 3.5% away from its November 2021 record close. United Parcel Service terrible: quarterly miss and light guidance. On top of a tough quarter UPS cuts 12,000 jobs and says package volume slipped last quarter. UPS shares down roughly 5%. They were down more before the layoffs were announced. General Motors shares up 7%. Automaker sees full-year 2024 earnings per share ahead of estimates. Beat quarter on EPS and revenue. But saw some losses from unsold electric vehicles. Club stock Ford getting pulled higher. Ford reports earnings next week. Club name Danaher delivers a quarterly headline beat but guide looks light. The stock down modestly. But over the past three months, shares of the life sciences company jumped more than 25%. Nucor much better than expected but says machinery is weak. Club names Microsoft , Alphabet and Starbucks on late-Tuesday earnings schedule. Expect a shortfall at Starbucks. When will people who are scared about getting caught in pro-Palestinian protests on the alleged talk that it is a Jewish company that supports Israel run its course? KeyBanc boosts Meta Platforms price target to $465 per share from $380. Meta reports earnings after the bell Thursday, along with fellow Club names Apple and Amazon . Bank of America adds Club name Salesforce to “US 1 List,” the top tier of the research firm’s buy-rated stocks. Super Micro Computer up nearly 11%. Extraordinary. Raymond James downgrades Advanced Micro Devices on valuation to buy from strong buy. Super Micro Computer says don’t sell AMD. Morgan Stanley research analysts’ huge banking call. Basel lightening. BofA , Goldman Sachs . They can’t cover themselves but presumably Club name Morgan Stanley would have been a buy. Morgan Stanley boosts Wells Fargo price target and keeps a buy-equivalent rating. Wells Fargo is our other bank stock. Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free (See here for a full list of the stocks at Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
My top 10 things to watch Tuesday, Jan. 30
Wall Street under some pressure early Tuesday ahead of a flood of after-the-bell earnings. The Dow and the S&P 500 on Monday both closed at record highs for the sixth time in 2024. The Nasdaq finished roughly 3.5% away from its November 2021 record close.
United Parcel Service terrible: quarterly miss and light guidance. On top of a tough quarter UPS cuts 12,000 jobs and says package volume slipped last quarter. UPS shares down roughly 5%. They were down more before the layoffs were announced.
General Motors shares up 7%. Automaker sees full-year 2024 earnings per share ahead of estimates. Beat quarter on EPS and revenue. But saw some losses from unsold electric vehicles. Club stock Ford getting pulled higher. Ford reports earnings next week.
Club name Danaher delivers a quarterly headline beat but guide looks light. The stock down modestly. But over the past three months, shares of the life sciences company jumped more than 25%.
Nucor much better than expected but says machinery is weak.
Club names Microsoft, Alphabet and Starbucks on late-Tuesday earnings schedule. Expect a shortfall at Starbucks. When will people who are scared about getting caught in pro-Palestinian protests on the alleged talk that it is a Jewish company that supports Israel run its course?
KeyBanc boosts Meta Platforms price target to $465 per share from $380. Meta reports earnings after the bell Thursday, along with fellow Club names Apple and Amazon.
Bank of America adds Club name Salesforce to “US 1 List,” the top tier of the research firm’s buy-rated stocks.
Super Micro Computer up nearly 11%. Extraordinary. Raymond James downgrades Advanced Micro Devices on valuation to buy from strong buy. Super Micro Computer says don’t sell AMD.
Morgan Stanley research analysts’ huge banking call. Basel lightening. BofA, Goldman Sachs. They can’t cover themselves but presumably Club name Morgan Stanley would have been a buy. Morgan Stanley boosts Wells Fargo price target and keeps a buy-equivalent rating. Wells Fargo is our other bank stock.
Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free
(See here for a full list of the stocks at Jim Cramer’s Charitable Trust.)
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As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, TOGETHER WITH OUR DISCLAIMER. NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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