Earnings, AMD downgrade, Disney hope

My prime 10 issues to look at Tuesday, Jan. 24

1. Massive day of earnings for Membership holdings because the Dow Jones Industrial Common, the S&P 500 and the Nasdaq look to open decrease after back-to-back beneficial properties. Three quarterly stories earlier than the bell and Membership holding Microsoft (MSFT) after the shut.

2. Membership holding Johnson & Johnson (JNJ): Beat on fourth-quarter earnings however missed on income. J&J stays on observe to separate into two corporations later this 12 months: prescription drugs and medical units as one and shopper manufacturers as the opposite. In This fall, pharma and MedTech slight miss and shopper beat. Guides greater.

3. Membership holding Danaher (DHR) beat on the highest and backside strains within the fourth quarter. The life sciences and medical diagnostics firm, starting in Q1, will exclude Covid testing, vaccines, and therapeutics from what it considers core enterprise.

4. Membership holding and oilfield companies big Halliburton (HAL) blew out estimates with earnings-per-share within the fourth quarter. Income matched. Working earnings: insanely good. Raises dividend. Massive beat on free money circulation. Robust forecast.

5. Basic Electrical (GE) beats on EPS and misses on income within the fourth quarter. Aerospace nice. Free money circulation nice. Renewables questionable. Energy higher. On observe to spin off vitality unit subsequent 12 months. Accomplished well being care break up earlier this month.

6. Bernstein downgraded Superior Micro Units (AMD) to market carry out from outperform (maintain from purchase). No margin for error. Bernstein analyst Stacy Rasgon will probably be unsuitable. Individually, Bernstein sees fiscal 12 months decline for iPhone demand. Each Apple (AAPL) and AMD are Membership holdings.

7. Membership holding Nvidia (NVDA): Citi sees generative synthetic intelligence ChatGPT as a $5 billion to $11 billion alternative. Nvidia is the AI chip firm. Microsoft simply put billions extra {dollars} into OpenAI, the corporate behind ChatGPT.

8. Justice Division making an attempt it once more: going after Alphabet (GOOGL) on monopolistic promoting. I want the Membership holding’s on-line advert enterprise was that good. Individually, CEO Sundar Pichai defends introduced job cuts at an organization townhall assembly.

9. Wells Fargo says go nuts on Disney (DIS). CEO Bob Iger will come out swinging. Refocus on content material as a substitute of streaming subs. Aggressive value motion. “We like this setup into the print,” analysts add.

10. Membership holding Starbucks (SBUX) began as an chubby (purchase) at Wells Fargo with a $120-per share worth goal. Chipotle Mexican Grill (CMG) additionally a purchase; $1,800 PT. McDonald’s (MCD) an equal weight (maintain) at Wells Fargo with $280 PT.

(Jim Cramer’s Charitable Belief is lengthy MSFT, JNJ, DHR, HAL, AMD, APPL, NVDA, GOOGL, DIS, SBUX. See right here for a full checklist of the shares.)

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#Earnings #AMD #downgrade #Disney #hope

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