Here are some of the tickers on my radar for Wednesday, Oct. 25, taken directly from my reporter's notebook:
- ASML chip orders spike, lots from China, making up 46% of third-quarter sales. Interesting to see if that's a red-line violation for semis. The Biden administration recently announced sweeping new caps on the sale of semi technology to China.
- Deutsche Bank cuts its price target for Apple (AAPL) to $200 from $210 and keeps buy rating on shares, says prior Q1 revenue estimate of 10% year-over-year is too optimistic. Cut will drive stock lower.
- Multiple price target increases for Spotify (SPOT) following the company's strong third-quarter results.
- Exxon Mobil (XOM) price target lowered to $134 from $137 at JPMorgan, stays overweight on shares. Reflects modest dilution from the Pioneer Natural Resources (PXD) acquisition.
- General Motors (GM) hit with multiple price target decreases despite Q3 beat, thanks to ongoing auto workers' strike.
- Boeing (BA) said it will deliver fewer 737 Max aircraft than previously expected as it works through productions issues. Maintains expectations for 2023 free cash flow. Shares up 3% in the premarket.
- Coca-Cola (KO) price target raised to $62 from $60 at Wells Fargo.
- 3M (MMM) PT lowered at RBC Capital, keeps sell rating on the stock.
- T-Mobile (TMUS) shares up 1% premarket after cellphone carrier reported earnings beat. Only negative in quarter was that total net customers was weak.
- RBC lowers price target for PulteGroup (PHM), citing modest Q3 earnings beat that was more than offset by weaker outlook for Q4 orders.
- Citi downgrades Etsy (ETSY) to neutral, lowers TP to $67 from $114 on uncertain growth look.Â
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Here's a full list of the stocks in Jim's Charitable Trust, the portfolio used by the CNBC Investing Club.