Investing Club: What Cramer is watching Friday — stocks pop on "positive shifts," a sell signal for oil, Oatly bombs

Published Fri, Mar 11 20229:13 AM ESTUpdated Fri, Mar 11 20229:27 AM EST

What I am looking at March 11, 2022 Oil talks with Iran break down but Vladimir Putin says there are some "positive shifts" in ceasefire talks with Ukraine. Stock futures were up ahead of Friday's opening bell. At this point the Russian president reminds me of Iraqi leaders in 1990 who were always talking about positive talks. West Texas crude up a tad, would have expected more. Contracts are in the steepest backwardation ever — meaning the spot prices at maturity are way higher than futures prices. Traders are taking this as the ultimate sell sign. But cushion gas storage is very low. So not so fast. Oracle (ORCL) reported a disappointing quarter last night: Revenues were in line but earnings of $1.13 a share missed Street consensus of $1.18. Piper Sandler goes to sell from hold. Wells Fargo starts Deere (DE) with a buy rating and initiates Caterpillar (CAT) with a hold. Rivian (RIVN) could have made 50,000 electric vehicles but supply-chain problems caused it to make only 25,000 ... another disappointing EV investment. Sees EBITDA loss of $4.75 billion. Oatly (OTLY) — typical bomb ... after plugging the Street with high growth numbers now it looks like flat sales for this year. What a bust. UBS with big note out about 3M (MMM): Analyst says company is being "de-rated" because of Combat Arm Earplug litigation and PFAS contamination. Price target slashed to $118 from $168. DocuSign (DOCU) disaster — multiple PT cuts, Oppenheimer downgrades to hold from buy ... company expects full-year revenue to be between $2.47 billion to $2.48 billion versus $2.61 expected by analysts. Ulta Beauty (ULTA) still delivering numbers: fourth-quarter EPS $5.41 versus consensus $4.58; sees fiscal year 2022 EPS $18.20 to $18.70 versus consensus $17.84 ... supply-chain costs rising faster than they can raise prices Ventas (VTR) upgraded to buy from hold at Bank of American, says senior growth housing is recovering. JPMorgan starts Beauty Health (SKIN), Brent Saunders SPAC, with a buy … HydraFacial technology is popular ... Ark Invest CEO Cathie Wood is still buying Joby Aviation (JOBY). (See here for a full list of the stocks in 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.

Russian President Vladimir Putin attends a meeting with government members via a video link in Moscow, Russia March 10, 2022.

Mikhail Klimentyev | Sputnik | Reuters