Investing Club: What Cramer is watching Wednesday — Wynn's mixed quarter, Tesla's 'big bet,' Airbnb's growing moat

Published Wed, Feb 16 20229:43 AM EST

What I am looking at Feb. 16, 2022 Club holding Wynn Resorts (WYNN) reported earnings Tuesday after the bell—not as bad as we thought with $1.7 billion sales-leaseback of Massachusetts (Encore Boston Harbor) property, which helps explain how this company is worth a lot more separated than alive. Would cost $13B to create this $11B property ... Dubai in 2026? Citi raised price target to $98 from $94. Fintech lender Upstart (UPST): profitable and growing incredibly fast, much faster than expected ... Announced smart $400M buyback to contend with volatility (and shorts) ... reported earnings per share of 89 cents vs estimates of 51 cents ... CEO Dave Girouard: the end of high multiple no earnings. Roblox (RBLX): unprofitable and growing slower than we thought. I think that Facebook (FB) is slowly becoming the best play on the large metaverse out there. Averse to profits? Don't feel they need them? Airbnb (ABNB)—the moat grows bigger and the value of your home may be increasing right now if you are in a city that doesn't have enough hotel rooms or you want a better bargain. The stays are getting longer as people remain untethered to the office. The perfect combination of high growth, profit and secular tailwinds that people didn't even know existed. Raytheon Technologies (RTX) named top pick in aerospace at Wolfe Research, said Boeing (BA) is peer pick … Piper Sandler cut Medtronic (MDT) price target to $105 from $110 ... what a disappointment this one has been. Uptake solid but below what the Street is looking for ... Paramount Global (VIAC), formerly known as ViacomCBS, dropped to hold from buy by Bank of America ... was thought to be a takeover target but not anymore ... Analyst slashed price target to $39 from $53 ... the company is raising its 2024 DTC revenue goal to $9B from $6B ... global streaming subscriber goal to 100 million from 65-70 million ... margin guide disappointing ... reported EPS of 26 cents vs 43 cents expected. Alteryx (AYX)—high multiple test case—better-than-expected software play? It makes analyzing data easier ... storage and retrieval. Quarterly earnings of 17 cents vs. 5 cents expected. What will profitability mean? Guidance had been for a loss ... Toast (TOST) top-line beat but margins not so hot ... Piper Sandler cut price target to $33 from $48, sees big EBITDA losses ahead ... revenue for the fourth quarter was up 111% to $512 million ... ended quarter with 57,000 locations, up from 40,000 a year earlier ... Helps 20,000 restaurants manage takeout and delivery, also loan restaurants like rival Square (SQ). Fourth quarter diluted per-share loss of 23c vs. loss of 31c a year ago ... looking for 40% growth and EBITDA loss of $200 million to $240 million ... healthy win rates in an underserved technology industry. Constellation Brands (STZ) price target lowered to $275 from $300 by Wells Fargo $300 to $275 .. Constellation exploring deal with Monster Beverage (MNST) — not a liked story. Marriott (MAR) price target cut to $185 from $199 by Wells Fargo ... discount to valuation. Global occupancy 58% down 12% v. 2019. Revpar (revenue per available room) down 19% from 2019 ... vs. Airbnb? Q4 for Airbnb best in history — if you exclude APAC, up 8%. Kraft-Heinz (KHC) reported Q4 adjusted EPS of 79c vs. 63c expected ... net sales increased 3.9% and gross profit rose 18.5%. Macy's (M) can aggressively leverage their properties ... 6x consensus eps ... cultural shift … Evercore "sees culture and strategy shift" embracing data ... added Macy's does not need to generate $20 eps ... Upgraded to buy from hold ... Real estate monetization coming… a lot of pent-up demand ... Tesla (TSLA) no longer working on $25,000 dollar car. Too risky? Bernstein analyst Toni Sacconaghi said it's "huge bet" and potentially risky for Tesla. Trade Desk (TTD) reported EPS of 42c vs. expected 27c ... really good q against Google (GOOGL) and Apple (AAPL) ... Shopify (SHOP) slowing in 2022 pandemic ... slowing ? sales were up 40% ... earnings per share of $1.36, down 14% from a year ago but beatings analyst expectations of $1.30. Growth rate slowing 2022 v. 2021 ... Retail sales up huge 3.8% ... (Jim Cramer's Charitable Trust is long AAPL, BA, FB, GOOGL, 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 GUARANTEE