Here are some of the events on my radar for Tuesday, September 19, taken straight from my reporter’s notebook:
- Club name Amazon (AMZN) is set to hire outgoing Microsoft (MSFT) Windows and Surface chief Panos Panay. Both AMZN and MSFT are holdings of CNBC Investing Club.
- Barclays says iPhone units are down 5%. Decline from year to year. But club name Apple (AAPL) says demand is outstripping supply. No change to purchase the note.
- Salesforce (CRM): Citi neutral simply summarizes incremental versus transformation. CRM also a Stock Club.
- Carnival (CCL) will not be sold to Truist. Good call. Royal Caribbean (RCL) to buy hold. A fundamental improvement? A trip reminds you again?
- Planet Fitness (PLNT): Devastating downgrade to remember from buying at JPMorgan. Reduced store growth.
- Intuit (INTU) is taking on expense management company Bill Holdings (BILL). I would never want these guys to be against me.
- Splunk (SPLK) does better. Citi raises price target from $117 to $125 per share. CEO Gary Steele is an excellent manager.
- SentinelOne (S) price target at $18 per share instead of $15. Come on, these guys went on sale and no one bought. Neutral and not dignified.
- Clorox (CLX) price target cut to $140 per share from $150 at Wells Fargo. Maintains Underweight (Sell) rating.
- The price target for B&G Foods (BGS) was raised from $10 to $9.50 at TD Cowen. Maintains Underperform (Sell) rating.
