Microsoft Corp.

What Cramer Is Watching in the Market Monday, Including a Big Tech Trend Emerging

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(This article was sent first to members of the CNBC Investing Club with Jim Cramer. To get the real-time updates in your inbox, subscribe here.)

What I am looking at November 22, 2021:

  • Atlantic Equities starts Salesforce.com (CRM) with a buy... business I am told is very strong... might be worth revisiting Workday which did have a great quarter
  • Adobe (ADBE) upgraded by Atlantic Equities... once again I am told that these guys are having a good quarter
  • Rent the Runway (RENT)... all analysts start coverage of the IPO with buy ratings...Really? —what a dangerous play as all of these apparel IPOs have failed versus traditional apparel companies
  • Would Monster (MNST) merge with Constellation(STZ)?... a powerful combo because Constellation does not have great presence in the convenience store
  • EV hangover... have they gone up too much?
  • Nvidia (NVDA) is really coming on strong... same as Roblox (RBLX)... it is all about the omniverse and I am a believer... major focus
  • Vonage (VG) catches a $21 bid from Ericsson.. platform for consumers
  • Activision Blizzard (ATVI)... Truist lowers price target from $101 down to $74... analyst says CEO change coming
  • Etsy (ETSY)... $265 target goes to $325 at Needham... analyst says company driving retention and frequency…
  • Oatly (OTLY)...is not the way to play plant-based milk... results last week fell short bad
  • Micrsoft (MSFT)... $2.6 trillion market cap... because of cybersecurity  continue growth in IT spend
  • GlobalFoundries (GFS)... right place right time... gets $88 price target at Bank of America...strong competitive advantage, manufacturing scale and differentiated technology
  • Bank of America makes price target adjustments on automotive industry... Ford (F) goes from $20 to $22... but Magna International (MGA) lowered from $127 to $113.... Ferrari (RACE) goes from $275 to $300
  • Holiday numbers... JPMorgan says best in a decade... November has ramped 85 to 90% of pre-covid levels...

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 (Jim Cramer's Charitable Trust is long CRM, NVDA, F)

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