What Cramer is watching Tuesday — Analyst says stop worrying about Disney, beats for PepsiCo, UPS

Published Tue, Apr 26 20229:39 AM EDTUpdated Fri, Apr 29 202210:39 AM EDT

What I am looking at April 26, 2022 Deutsche Bank says Disney (DIS) won't be harmed by Florida's move to dissolve the company's special districts formed prior to 1968; districts formed since 1968 will remain intact. Analyst says many ways this could all play out, but doesn't expect the company to suffer ... PepsiCo (PEP) reports first-quarter earnings beat — $1.29 per share versus consensus $1.23. Revenue beat: $16.2 billion versus $15.56 billion expected. Organic sales climbed 13.7% for quarter, net sales rose 9.3%. Management raises fiscal year 2022 organic revenue growth to 8% from 6%. I remember when 4% was in doubt. Frito-Lay North America organic sales rose 14%, with Doritos, Lay's, Ruffles and Cheetos all posting double-digit revenue growth. Quaker up 11%. Management expects $6.2 billion in dividends and share buybacks of $1.5 billion ... sees 2 percentage point foreign exchange headwind — really have to watch currency. 3M (MMM) shares were flat after quarterly earnings beat. 2% organic growth. Strong balance sheet. New way of reporting to exclude costs from significant litigation related to an ear production product and the use of chemicals known as PFAS. General Electric (GE)—split, how is it going? Despite topping estimates in quarterly earnings report, shares slid 5% in premarket trading. Management affirmed its 2022 outlook ranged provided in January, which included EPS of $2.80 to $3.50 and free cash flow of $5.5 billion to $6.5 billion, but said results are trending toward low end of the range. Aviation very strong, healthcare beat expectations. Is power a black hole? Buyback of $3 billion is real … Whirlpool (WHR): How do you value it? Sum of parts or earnings or leveraged buyout (LBO)? Cheap no matter what. Very strong demand means time to sell Europe and own Alaska to Patagonia. J.B. Hunt (JBHT) upgraded to buy from hold at Susquehanna. United Parcel Services (UPS) shares up nearly 2% in premarket after beating analyst estimates on the top and the bottom lines. Earnings per share $3.05 on revenues of $24.38 billion. Energy Transfer LP (ET) price target raised to $15 from $12. This is the time of the pipes because of need for natural gas. Raytheon Technologies (RTX) — free cash flow is good. Adjusted EPS of $1.15 beat consensus by 14 cents. Aerospace and defense firm lowers full-year revenue forecast, hurt by suspending activity in Russia. Newmont (NEM) price target lowered to $80 from $87 at Canaccord. Block (SQ) price target lowered to $160 from $240 at Susquehanna. Wayfair (W) price target lowered at Wedbush, JPMorgan. Consumer demand bad because of Ukraine? Coca-Cola (KO) gets multiple price target raises. Otis Worldwide (OTIS) cuts — I don't know ... Susquehanna says buy truckers. American Express (AXP) price target raised to $190 from $187 at Citi. Twitter (TWTR) CEO Parag Agrawal — no plan. Archer Daniels (ADM) much better: first quarter EPS $1.90 versus $1.41consensus. (Jim Cramer's Charitable Trust is long DIS. 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.

View of the Walt Disney statue in front of Cinderella Castle inside the Magic Kingdom Park at Walt Disney World Resort in Lake Buena Vista, Florida.

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What I am looking at April 26, 2022

Deutsche Bank says Disney (DIS) won't be harmed by Florida's move to dissolve the company's special districts formed prior to 1968; districts formed since 1968 will remain intact. Analyst says many ways this could all play out, but doesn't expect the company to suffer ...
PepsiCo (PEP) reports first-quarter earnings beat — $1.29 per share versus consensus $1.23. Revenue beat: $16.2 billion versus $15.56 billion expected. Organic sales climbed 13.7% for quarter, net sales rose 9.3%. Management raises fiscal year 2022 organic revenue growth to 8% from 6%. I remember when 4% was in doubt. Frito-Lay North America organic sales rose 14%, with Doritos, Lay's, Ruffles and Cheetos all posting double-digit revenue growth. Quaker up 11%. Management expects $6.2 billion in dividends and share buybacks of $1.5 billion ... sees 2 percentage point foreign exchange headwind — really have to watch currency.