Investing Club: What Cramer is watching Friday — bad calls on Apple and Qualcomm, a contrary call for Wynn
What I'm looking at April 1, 2022 Goldman Sachs downgraded Dell Technologies (DELL) to hold from buy and removed the stock from its Conviction List. Here we go again with another unthought about pandemic play that is now played out. Piper Sandler likes Snap and sees "compelling pockets of user growth opportunity." Stays overweight. I continue to like Meta Platforms (FB). Vertiv (VRT) upgraded to buy from hold at JPMorgan — the second upgrade in two days for this data center SPAC. Barclays downgraded Urban Outfitters (URBN) and American Eagle (AEO) to hold from buy, and Gap (GPS) and Wayfair (W) to sell from hold. Analyst sees heightened operational risks for retail sector. AEO has a 4% dividend yield, but has been a black hole for the Trust. A key part of the Treasury yields inverted once again on Friday, stoking fears that a recession could be in the cards, after jobs data caused short-term rates to jump. Walgreens Boots Alliance (WBA) downgraded to neutral from buy at Baird. Need a shakeup at Boots to make it more attractive. RBC Capital lowers price target to $46 from $52. Baird cuts price target for PayPal to $175 from $205 and remains cautious in the near term. Citi initiated a chemicals pair trade: Go long Dow , which pre-announced higher earnings, and short Ecolab (ECL), which has to pass on higher costs to customers. Zimmer Biomet (ZBH) downgraded to neutral from buy at Citi, says company — which makes orthopedic products — can't make the beat and raise that is so needed for stock appreciation. Medical device maker Edwards Lifesciences (EW) added to the Focus List at Citi with $138 price target. Good call, a post-Covid play. Lam Research (LRCX) will get orders for NAND and will be a catalyst for the stock, says Citi. Micron Technology 's strength in NAND will be good for Lam. Huge contrary call: Club holding Wynn Resorts (WYNN) upgraded to buy from hold at Citi. Business will return to 80% of what it was pre-Covid and it is very cheap. JPMorgan wants commercial over consumer: removes Apple (AAPL) and Qualcomm (QCOM) from its Focus List and adds Arista (ANET) and Ciena (CIEN). Removing Apple and Qualcomm is so wrong as they are more than hybrid work plays ... QCOM moving aggressively into auto. Both Apple and Qualcomm are Club holdings. PVH price target lowered to $99 from $125 at Deutsche Bank — keeps hold ratings, citing weak U.S. but strong Europe. Chinese stocks: Are we getting more positive in the U.S. about the dreadful equities from a regulatory point of view? Seventeen IPOs have priced year-to-date, down 80% from the same period last year. (Jim Cramer's Charitable Trust is long AAPL, AEO, FB, PYPL, QCOM, WYNN. See here for a full list of the stocks.) 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.

A customers holds the new green colour Apple iPhone 13 pro shortly after it went on sale inside the Apple Store on 5th Avenue in New York, March 18, 2022. Mike Segar | Reuters

What I'm looking at April 1, 2022