Investing Club: What Cramer is watching Thursday — April bounce, AMD downgrade, Apple streak ends

Published Thu, Mar 31 202210:01 AM EDT

What I'm looking at March 31, 2022 April is historically the best of all months for the markets, up 15 out of every 16, according to veteran chartist Larry Williams. His research suggests the current market is in a good zone to go higher. Germany must stop decarbonization and return to coal. President Joe Biden is preparing to order the release of oil from the nation's strategic petroleum reserve to combat rising gas prices. It will only momentarily depress oil prices so wait a few days and then go back in. Not today. Let oil come down. Barclays downgrades Advanced Micro Devices (AMD) to hold from a buy, says the company's growth story "needs a pause" with cyclical risks on the horizon. We made this clear yesterday in our Morning Meeting show. The importance of the show cannot be underestimated because we tell you what we would have taken action on if we weren't restricted. Walmart (WMT) over $150 is a sign of recession as Walmart always goes up when we go into a recession. Walmart and Costco (COST) are the two best to own consumer services. Worry about Home Depot (HD) is understandable after multiple weeks of rate increases making mortgage rates go north of 5%. AeroVironment (AVAV) sells anti-artillery drones called Switchblades. The U.S. included 100 of these killer drones in a weapons package for Ukraine. We've been pulling for the Biden Administration to send the Switchblade (hopefully the 600) which can destroy any artillery within range of Kyiv because that is what has been lacking. The Ukrainians have had no ability to take long-distance shelling … Ukraine, however, needs 1,000 of these drones not 100. But it should still should move needle for AVAV. Tellurian (TELL) is a buy into weakness as it will be ready to sell natural gas by 2026. In the meantime, the company owns natural gas fields in Haynesville and has very little debt. It can also raise all the money it needs to build out a full facility that can provide about one-tenth of the European Union's daily needs ... Bechtel contract and few supply chain issues. Remember, the company is doing an at-the-market (ATM) stock sale. Should Qualcomm (QCOM) have been hit so hard yesterday? This is a crucial point: Micron Technology (MU) says there is some slowing in handsets. But the upgrade to 5G is NOT slowing. That's Qualcomm's wheelhouse. Did we buy it properly? We waited until down 5. We did not calculate that it would be down 8. But we have left room to buy. RH price target lowered to $528 from $723 at Barclays. A disjointed conference call is scaring a lot of people out of a good stock. Barclays retains a buy rating. Citi goes to $535 from $668. Scary call: Morgan Stanley downgrades PVH to hold from buy and is talking about how the company's new, higher tax rate "impairs" cash flow. Don't see a reason to own with cotton prices so high and Tommy Hilfiger faltering in this country. Citi lowers to $94 from $105. Barclays cuts to $90 from $103. This is no longer the PVH that Manny Chirico used to run. CEO Stefan Larsson is AWOL. Lululemon Athletica (LULU) — Barclays joins the fray, taking up price target up to $441 from $410 ... late. China slowdown? Predictable with new Covid-19 outbreak. But there is big direct-to-consumer in China that isn't being calculated. Pro-Qualcomm, but people don't believe this is where the value comes in. Boeing (BA) order from China Southern Max for 39 deliveries of 737 Max this year is NOT a new order but a confirmation. Ryanair (RYAAY) is interested in buying. ASL Airlines wants 20 converted 737-800 freighters. UiPath (PATH) sycophantic analysts are awful on this call as company boots Chief Revenue Officer Thomas Hansen without any real reason. The analysts love this so much they might as well be working for Cathie Wood who owns 26 million shares. Multiple downgrades ... Apple (AAPL) stock's 11-day winning streak came to an end yesterday. Very weird that if the company is doing well and yet the cellphone semis are going down something must be wrong. I think it is the cellphone semis and Micron CEO Sanjay Mehrotra answered my question in a way that would indicate otherwise when he was on Squawk on the Street. We say own Apple, don't trade it. It really matters because we are now going to get the Life Time Value of a subscriber. Tim Cook and Eddy Cue and Company are crushing it. Here's a great call: Citi warming up to Vertiv (VRT), which was crushed earlier and is now going to get pricing power because the company is getting it together. I would buy this stock. Bank of American says buy Qualtrics (XM); XM did have an amazing q,… Dell Technologies (DELL): Morgan Stanley downgrades to hold from buy. Barclays cuts price target by a buck to $53—really? HP (HPQ) downgraded to sell from hold—just bought Poly . I don't know about this call. It is again against the Micron call but