What Cramer is watching Friday — Apple keeps winning, Amazon has too much of everything

Published Fri, Apr 29 20229:16 AM EDTUpdated Fri, Apr 29 202211:01 AM EDT

What I am looking at April 29, 2022 Amazon (AMZN) earnings: How bad? Not that bad. It was a weaker-than-expected quarter and an ugly, but probably conservative, forward guidance. Too much of everything, overstaffed and too much capacity. Now the layoffs begin? I think they bid up everything. And they are done doing that. Prologis (PLD) — leases warehouse space to Amazon — and truck rates coming down? Apple (AAPL) earnings: How bad? Not invincible, but give me a break. It was an amazing quarter and some really good membership numbers. Apple TV+ doing incredibly well and it matters ... iPhone 13 sales were much better than expected. Really fabulous and will take back China. No. 1 everywhere. Services revenue was outstanding. Chevron (CVX) and Exxon Mobil (XOM) were great — but analysts critical. Jefferies says Chevron is falling behind. Comcast (CMCSA) downgraded to hold from a buy at Bank of America, reducing broadband net ads. The company beat on the top and bottom lines , and reported 262,000 net additions for high-speed internet customers, though about 80,000 of the subscribers are free customers. Domino's Pizza (DPZ) price target cut to $400 from $430 at JPMorgan, same store sales down 3.6%. Cheniere Energy (LNG) price target raised to $183 from $169 at JPMorgan. Wells Fargo raises Club holding Eli Lilly (LLY) to $305 from $280. Morgan Stanley also raises. Caterpillar (CAT) price target lowered to $240 from $250 at Deutsche Bank. Robinhood (HOOD) price targets cut. Revenue for retail brokerage for the first quarter was $299 million versus $355.8 million expected. Net loss of $392 million. Several Roku price target cuts, but analyst MoffettNathanson upgrades to hold from sell on "brighter profitability." People are warming up ... Southwest (LUV) price target raised to $72 from $62 at JPMorgan, says beat on guidance could begin restoring margin confidence. Barclays cuts price target on General Electric (GE) to $100 from $115. MasterCard (MA) downgraded to sell from hold at Piper Sandler, while JPMorgan raises price target to $430 from $400. Visa (V) goes to hold from buy at Piper. Columbia Sportswear (COLM) downgraded to sell at Bank of America on rising labor costs, inflation. DexCom (DXCM) price target lowered to $480 from $725 at Piper Sandler after great number. The erratic nature of Ark Invest's Cathie Wood, keeps buying Teladoc (TDOC). Is she ever wrong? Stanley Black & Decker (SWK) downgraded to neutral from buy at Mizuho. Multiple cuts ... Stryker (SYK) price target lowered to $290 from $315, uninspiring quarter. Western Digital (WDC) price target raised to $65 from $60 at Barclays. Good read-through to Micron (MU)? Sprouts (SFM) double upgraded to buy at Bank of America. (Jim Cramer's Charitable Trust is long AAPL, AMZN, CVX. 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.

Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York.

Lucas Jackson | Reuters

What I am looking at April 29, 2022

Amazon (AMZN) earnings: How bad? Not that bad. It was a weaker-than-expected quarter and an ugly, but probably conservative, forward guidance. Too much of everything, overstaffed and too much capacity. Now the layoffs begin? I think they bid up everything. And they are done doing that. Prologis (PLD) — leases warehouse space to Amazon — and truck rates coming down?
Apple (AAPL) earnings: How bad? Not invincible, but give me a break. It was an amazing quarter and some really good membership numbers. Apple TV+ doing incredibly well and it matters ... iPhone 13 sales were much better than expected. Really fabulous and will take back China. No. 1 everywhere. Services revenue was outstanding.