what i am looking at monday oct 3 2022 us stock futures bounce as the 10year and 2year treasury yields fall on the first trading day of october and the final quarter of a terrible 2022 the s  p 500 closed at its lowest level since november 2020 finishing out september with its worth monthly performance since march 2020 the month covid was declared a pandemic the thirdquarter drop marked the third straight quarterly decline on wall street us and international oil prices surge as opec considers biggest production cut since 2020 more than 1 million barrels per day remember opec includes russia i pointed out in my sunday commentary for club members that its in russias interest to push crude prices higher as it continues its war against ukraine the opec cut may not happen but its consideration comes at a bad time because crude releases from the united states strategic petroleum reserve may be ending still another 10 million barrels to be released by november delivery eqt corp eqt is now the nations largest natural gas producer after a recent acquisition we like coterra energy ctra instead with nat gas and oil with large permian footprint semiconductor weakness and tech weakness writ large is all about china as i noted in sundays commentary it turns out china is more important than anywhere else in the world for orders growth and earnings club holding advanced micro devices amd is now well below where s  p 500 was in november now low since may moderna mrna declines china efforts to hand over mrna covid vaccine chinese government insists that moderna turn over the intellectual property which made it untenable time to buy club holding tjx companies tjx sure seems like it with so much inventory around goldman sachs upgrades club holding wells fargo to buy from neutral hold citing an underappreciated earnings story business getting excellent as interest rates move higher one to buy in a recession contrast this with credit suisse cs which may be falling apart shares in the us drop 5 in the premarket and shares in europe drop 10 the financial times says credit suisse executives are talking to major investors about concerns over its financial health barclays cuts club holding honeywell hon pricetarget to 206 per share from 210 barclays also cuts ingersoll rand ir illinois tool works itw and general electric ge bank of america cuts price target to 157 per share from 170 on amazon amzn morgan stanley estimates club holding apple aapl app store revenue fell 5 year over year in september still a fallout from hedge fund pioneer stanley druckenmiller who was the most negative person at cnbcs delivery alpha i love him but he has not been very right the negatives are still out there baird cuts price target on nike nke to 100 per share from 127 barclays takes pt to 83 from 110 the cuts follow last weeks earnings report that revealed a major inventory glut at nike tesla tsla misses deliveries does anyone really care false story to set up earnings surprise really just a switch of where they make them truist says use it to buy morgan stanley says cloud company box box has strong momentum taking price target to 34 per share from 32 and its rating to overweight from equal weight buy from hold rbc capital says buy cf industries cf on favorable nitrogen levels i agree as 3040 of fertilizer comes from ukraine russia and belarus rbc also raises cfs price target to 135 per share from 110 morgan stanley cuts price target on work management provider asana asan to 28 per share from 35 perils of recommending stock of company that is losing money mizuho cuts price target on consolidated edison ed to 91 per share from 99 even as it expects a special dividend part of a cut of utilities including sempra sre because of multiple contraction jim cramers charitable trust is long ctra amd tjx hon amzn aapl and wfc 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 trusts 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 what i am looking at monday oct 3 2022