Markets

Here are 18 stocks I am watching in the market, including Clorox, Rivian and Airbnb

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Here are some of the tickers on my radar for Thursday, Oct. 5, taken directly from my reporter's notebook:

  • Clorox (CLX) hack still not fixed. Raymond James downgrades to market perform from outperform (hold from buy). Lots of price target cuts at other Wall Street research firms.
  • Endless price target cuts for spice maker McCormick (MKC). Barclays goes to $74 per share from $85. Keeps equal weight (hold) rating.
  • Barclays raises Marathon Petroleum (MPC) price target to $155 per share from $152. Counterintuitive? Piper Sandler raises, too. But Piper cuts PT on Phillips 66 (PSX) to $134 from $138.
  • Bank of America starts Wingstop (WING) with a buy. BofA starts Jack In the Box (JACK) with a buy.
  • Cheesecake Factory (CAKE) started with neutral at BofA. I wonder how much this has been hurt by diabetes and weight loss drugs Ozempic and Wegovy from Novo Nordisk (NVO) and Mounjaro from Eli Lilly (LLY), a core holding in the CNBC Investing Club portfolio.
  • Piper Sandler cuts Zoetis (ZTS) price target to $210 per share from $220. Recessionary impact? Elanco Animal Health (ELAN) price target cut to $11 per share from $13 at Piper Sandler.
  • SoFi (SOFI) see price target cut to $10 per share from $11.50 at BofA. But the analysts do expect a good quarter.

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  • Carrier Global (CARR) downgrade to underperform (sell) from hold at BofA, which also cut price target to $55 per share from $62. The analysts see valuation re-rating post-Viessmann acquisition announcement. Increasingly negative datapoints on Europe's heat pump demand trends.
  • Rivian Automotive (RIVN) plans $1.5 billion convertible bond sale. Pressure on the stock.
  • JPMorgan cuts Sociedad Quimica (SQM) price target to $75 per share from $93. Keeps overweight (buy) rating. The analysts are cautious on lithium.
  • Tractor Supply (TSCO) downgraded to neutral from buy at Citi, which also cut price target to $207 per share from $250. Truist cut PT to $235 from $257 but keeps buy rating.
  • Floor & Decor (FND) downgrade to neutral from buy at Citi, which also cuts price target to $90 per share from $122. Heavily macro-sensitive stock.
  • Wells Fargo raise Booking (BKNG) price target to $2,402 per share from $2,373. Keeps underweight (sell) rating. Wells Fargo analysts see major headwinds for Airbnb (ABNB). Cut PT to $111 from $114. Keeps underweight rating. I'm not sure on this one.

Here's a full list of the stocks in Jim's Charitable Trust, the portfolio used by the CNBC Investing Club.