Investing Club: What Jim Cramer is watching in the market Monday, including Rivian, banks and IPOs

Investing Club: What Jim Cramer is watching in the market Monday, including Rivian, banks and IPOs

Jim Cramer

Scott Mlyn | CNBC

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Rivian (RIVN) started at neutral at Goldman, JPMorgan…but 9 buys…Morgan Stanley calls it “the one”… cites compelling product, strong management, Amazon relationship… PNC Financial (PNC) cut from hold to sell at Morgan Stanley… this is almost always a bad call because the Street loves a large regional like this… firm goes buy to hold on Citigroup (C) too… wow so far below tangible book, somebody must really not like this one… Betsy Graseck, a powerful analyst, says a lack of catalysts… upgrades Goldman (GS) sell to holdDeutsche Bank (DB) upgraded hold to buy at JPMorgan…High impact: Home Depot (HD) upgraded hold to buy at Opco… cites continued if not outsized sales and profit expansion… Raises price target on Lowe’s to $300 from $235Weave Communications (WEAV)…small- and medium-sized business helper… targeted websites… this IPO came at $24, opened lower and then went lower still… the story of the late IPOs?… $21.80 opening… So it gets recommended; multiple buys on Street todayLucid (LCID) SEC investigation of combination with Churchill IV… got subpoena December 3…Goldman starts Regeneron (REGN) with a buy, likes Dupixent-which is for eczemaBoston Beer (SAM)…the pain done–Cowen goes from sell to hold $400 goes to $500…Citi moves Applied Materials (AMAT) to top pick, replacing Charitable Trust name Marvell Technology (MRVL)… which had a monster quarter and is way ahead of the group…Electronic Arts (EA)… Citi upgrades from hold to buy… washed out and $150 target down from $160…Lulu’s Fashion Lounge (LVLU)… another bust of a deal… $16 pricing; opens at $14.05; LVLU is now at $11… yet gets 9 buy ratings todayChewy (CHWY) cut from buy to hold at Wedbush… reports on the ninth of this week… an omen?… worth selling this $26 billion company ahead?… analyst sees growth below consensus…Left field–Will Russia invade Ukraine soon?… NATO allies swinging to Biden assessment…China cuts reserves banks have to hold by 1/2 %… releases $188 billion to counter economic slowdown.Ulta Beauty (ULTA)… PT raised from $492 to $516 at Barclays… analyst loved the recent upside surpriseOmicron spreads, but hospitalizations remain low…Barclays lowers General Electric (GE) target from $128 to $122…keeps as a buy but says valuation looks quite full–wow–the break-up did not inspire buying at all…RBC loves Investing Club name Ford (F)…cites breakup and earnings…

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(Jim Cramer’s Charitable Trust is long MRVL, F.)

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