Investing Club: What Cramer is watching — Musk to join Twitter board, bank price-target cuts

Published Tue, Apr 5 20229:04 AM EDTUpdated Wed, Apr 6 20228:03 AM EDT

What I am looking at April 5, 2022 Elon Musk to join Twitter 's (TWTR) board after taking "passive" 9.2% stake in the social network. Will Musk take an active role likelihood of it going private? (Yes, we think so) ... MKM cuts Twitter (TWTR) to neutral .... says risk-reward now fairly balanced after Musk intrusion. United Nations Security Council to meet Tuesday on Russian wartime atrocities in Ukraine ... new sanctions seem bogus. More Switchblade 600 drones. Shanghai port still operating but constrained by Covid laws .. whole country of China on some kind of lockdown. First Solar (FSLR) downgraded to sell from hold at BofA Securities. Piper Sandler bank price target cuts: Investing Club name Morgan Stanley (MS) $100 from $112, reduced because of Ukraine headwinds; macro uncertainty. Goldman Sachs (GS) $430 from $465. JPMorgan (JPM), Citigroup (C) and Bank of America (BAC) all impacted but not Club favorite Wells Fargo (WFC). Credit Suisse starts Toll Brothers (TOL) and Pulte (PHM) as buys. It seems very quizzical this point in the cycle. Toll is affordable luxury while Pulte is good return on equity. Big Call: Cowen downgrades Domino's Pizza (DPZ), says openings in America will be disappointing. How about the Wonder Truck ? Wonder Truck could hurt Door Dash (DASH) ... expansion plans make suburban DASH problematic Paccar (PCAR): Jefferies was hoping for a long cycle but won't hold up to close scrutiny so it looks like there are cracks … so hold from buy for truck maker's stock. MoffettNathanson puts $19 price target on standalone AT & T ... says "AT & T shares began trading ex-WarnerMedia under the temporary NYSE symbol T.WD." Moffett says the damage is too great staying neutral because spent so much money. Commended for selling Time Warner so fast but so many mistakes in a very competitive market. 7.9x 2022 earnings. Moffett starts SoFi (SOFI) with a buy ... believes strong fintech. Moffett starts Toast (TOST) with a sell; Lightspeed Commerce (LSPD) a buy Wedbush now worried about the possibility of a return to double digit growth for Starbucks (SBUX) so goes hold from buy. UBS sees no upside to Dow stock Walgreens Boots Alliance (WBA) ... lowers lowered numbers and fears dilution from Boots sale Big call: Wells Fargo goes to hold from buy on Ralph Lauren (RL) ... kiss of death that it's been overearning .. RL price target cut to $110 from $135. Wells Fargo really hammers retail: ROST, CPRI, CRI, URBN, GPS, SIG, BURL, GOOS, VFC, TJX, difficult margins. Deutsche Bank cuts Club name Advanced Micro Devices (AMD) price target to $125 from $140. Deutsche Bank rises Freeport McMoRan (FCX) price target to $50 from $42. KeyBanc lower Okta (OKTA) price target to $190 from $225 on increased execution risk. JPMorgan cuts Club name Qualcomm (QCOM) price target to $205 from $240 ... wait one second, CEO Cristiano Amon on "Mad Money" Monday night was the most bullish I've ever seen him ... intends to dominate chassis in all cars for ADAS, advanced driver-assistance systems. Apple (AAPL): Lots of notes on the Club name, many retail notes. Morgan Stanley says App Store net revenue growth in March weaker .. interesting. Meta Platforms (FB): UBS says buy Facebook parent but has many issues reduced estimates. (Jim Cramer's Charitable Trust is long MS, WFC, AMD, QCOM, AAPL and FB . 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.

Elon Musk speaks during a press conference at SpaceX's Starbase facility near Boca Chica Village in South Texas on February 10, 2022.

Jim Watson | AFP | Getty Images

What I am looking at April 5, 2022

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