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Jim Cramer's Top 13 Stocks to Watch: Amazon, Apple, Carnival, and More

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Stocks to Watch: Insights from Jim Cramer's Charitable Trust

Here are some notable stocks that have caught the attention of Jim Cramer, providing insights into potential market movements and investment opportunities.

Amazon (AMZN) and Microsoft (MSFT)

Amazon's intention to hire Panos Panay, the departing chief of Microsoft's Windows and Surface division, has sparked interest. Both Amazon (AMZN) and Microsoft (MSFT) are holdings of the CNBC Investing Club, making them worth monitoring for potential developments.

Apple (AAPL) and Salesforce (CRM)

Barclays reports a 5% decline in iPhone units, but Apple (AAPL) states that demand is surpassing supply, maintaining a positive outlook. Salesforce (CRM) receives a neutral rating from Citi, highlighting the difference between incremental and transformational factors. Both Apple and Salesforce are stocks of interest for the CNBC Investing Club.

Carnival (CCL) and Royal Caribbean (RCL)

Carnival (CCL) receives a hold rating from Truist, while Royal Caribbean (RCL) is upgraded from hold to buy. The shift in ratings prompts questions about fundamental improvements and the potential resurgence of the travel industry.

Planet Fitness (PLNT) and Intuit (INTU)

Planet Fitness (PLNT) experiences a devastating downgrade from JPMorgan, transitioning from a buy to a hold due to reduced store growth. Intuit (INTU) makes a strategic move by targeting expense management firm Bill Holdings (BILL), indicating potential shifts in the industry.

Splunk (SPLK) and SentinelOne (S)

Splunk (SPLK) shows positive performance, prompting Citi to raise its price target from $117 to $125 per share. On the other hand, SentinelOne (S) increases its price target from $15 to $18 per share, despite failing to find a buyer. The neutral rating suggests caution and questions the stock's worthiness.

Clorox (CLX) and B&G Foods (BGS)

Wells Fargo reduces the price target for Clorox (CLX) from $150 to $140 per share, maintaining an underweight (sell) rating. TD Cowen also lowers the price target for B&G Foods (BGS) from $10 to $9.50 per share, keeping an underperform (sell) rating. In conclusion, these stocks provide insights into market trends and potential investment opportunities. By monitoring these developments, investors can stay informed and make well-informed decisions.

Implications for New Businesses: A Hot Take

The insights from Jim Cramer's Charitable Trust provide a valuable perspective for new businesses. Understanding the movements and trends in the stock market can offer a deeper understanding of the economic climate, which can significantly impact business operations and strategies.

Navigating Market Trends

For instance, Amazon's potential hiring of Microsoft's departing chief could indicate a shift in the tech industry. New businesses, especially those in the tech sector, should keep an eye on such movements as they could signal upcoming trends or changes in the market.
Understanding Consumer Demand
Apple's statement about demand surpassing supply, despite a reported decline in iPhone units, offers insights into consumer behavior. New businesses can learn from this by understanding the importance of balancing supply and demand, and adjusting their strategies accordingly.
Adapting to Industry Changes
The ratings and price targets of various stocks, such as Planet Fitness and Clorox, reflect market perceptions and expectations. New businesses should consider these factors when making strategic decisions, as they can influence investor confidence and public perception. In conclusion, monitoring stock market trends and understanding their implications can provide new businesses with valuable insights. By staying informed and adaptable, new businesses can navigate the ever-changing economic landscape and make strategic decisions that contribute to their success.
Story First Published at: https://www.cnbc.com/2023/09/19/here-are-the-13-stocks-jim-cramer-is-watching-including-amazon-apple-carnival.html
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