10 Things to Watch for the Club Monday, Nov. 11 1. Wall Street heads for a more open Monday as post-election rallies continue. Many Trump-related trades have extended their gains since last week, most notably Tesla and Bitcoin, which each topped $82,000. The S&P 500, Nasdaq, and Dow all closed at all-time highs last week. Big weeks ahead: Club names and Dow stocks Home Depot and Disney report earnings, and the government releases two important inflation reports. 2. Wedbush’s Dan Ives raised his price target for Tesla from $300 to $400 per share, implying a 24.5% upside from Friday’s closing price. Ives, a well-known tech bull, believes Donald Trump’s presidential victory will be “game-changing” for self-driving cars and Tesla’s AI story. In Friday’s article for club members, we looked at what the second Trump administration means for artificial intelligence as a whole. 3. J.P. Morgan upgraded Cisco Systems’ rating to Overweight, equivalent to Buy, on the recovery in network demand. Analysts also said Cisco’s security business has room for multiple expansions and potential upside. Cisco is expected to report after the close of trading on Wednesday. 4. Cigna stock rose after the health insurer confirmed it was not pursuing a merger with Humana. Shares of Humana, which focuses on the Medicare Advantage market, fell on Monday. The two companies reportedly called off merger talks late last year, but recent reports suggested merger talks had resumed. Cigna nailed it. 5. The price target for the club that owns BlackRock was raised to $1,333 from Deutsche Bank’s $1,105. BlackRock is one of the newest names in the portfolio. The financial sector is seen as one of the biggest beneficiaries of President Trump’s return to the White House. 6. Wolfe Research upgraded Warner Bros. Discovery from Underperform to Hold equivalent to peer perform. Analysts, who have downgraded the company’s stock twice in the past 16 months, believe the risk-reward balance will become more balanced as media companies become more likely to engage in value-creating deals. 7. More love for the longtime club stock Nvidia : Morgan Stanley raised its price target for the king of AI chips to $160 per share from Morgan Stanley’s $150. Piper Sandler named Nvidia a top large-cap pick, raising PT from $150 to $175. Melius Research raised up to $185. 8. Dell Technologies shares rose on Monday after Morgan Stanley raised the tech stock’s PT from $136 to $154 per share on the back of AI server momentum. Dell has fallen this week to about 25% below its 2024 peak in late May, but the stock has been on an upward trend since August. 9. Bank of America analysts raised their PT on the club that owns Wells Fargo from $75 to $84 per share. The company said Federal Reserve-imposed asset withdrawals remain a catalyst for the stock price, suggesting it could be an early 2025 event. Last week, Wells stock rose about 9% in the three business days after Trump’s victory. 10. Club name Palo Alto Networks raised PT from $410 to $425 per share in Barclays. Analysts had expected Palo Alto to report higher-than-expected remaining performance obligations (RPO) in its first quarter results, scheduled for Nov. 20. Notably, the company said Palo Alto could “flow straight” by the deadline. The outlook for the full year is a bright sign. Sign up for free for my Top 10 Morning Thoughts on the Markets email newsletter (See here for a complete list of Jim Cramer Charitable Trust stocks.) Jim Cramer’s CNBC Investment Club As a subscriber, you can receive trade alerts. Before Jim trades. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in his charitable trust’s portfolio. If Jim talks about a stock on CNBC TV, he will issue a trade alert and then wait 72 hours before executing the trade. The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.
10 things to note about the club Monday 11 November
1. Wall Street heads for an uptrend on Monday as post-election rallies continue. Many Trump-related trades have extended their gains since last week, most notably tesla And Bitcoin has surpassed $82,000 each. of S&P500, Nasdaq and Dow Last week, both stocks closed at all-time highs. A big week: Club names and Dow stock home depot and disney The government releases two important inflation reports.
2. Wedbush’s Dan Ives raised his price target for Tesla from $300 to $400 per share, implying a 24.5% upside from Friday’s closing price. Ives, a well-known tech bull, believes Donald Trump’s presidential victory will be “game-changing” for self-driving cars and Tesla’s AI story. In Friday’s article for club members, we looked at what the second Trump administration means for artificial intelligence as a whole.
3. JP Morgan has been upgraded Cisco Systems Rated Overweight (buy equivalent) on recovery in network demand. Analysts also said Cisco’s security business has room for multiple expansions and potential upside. Cisco is expected to report after the close of trading on Wednesday.
