Jim Cramer’s 10 Things to Watch in the Stock Market on Friday

My Top 10 Things to Watch Friday, November 15 1. President-elect Donald Trump’s decision to nominate noted vaccine skeptic Robert F. Kennedy Jr. to lead the Department of Health and Human Services has implications for pharmaceutical companies had a huge impact. That’s why pharmaceutical stocks, particularly those of vaccine makers, sold off late Thursday when reports of the option first surfaced. We own Eli Lilly and Company for the club. 2. Warren Buffett’s Berkshire Hathaway sold its stake in Ulta Beauty in the third quarter after only solidifying its position in the second quarter, regulatory filings show majority of the shares. Does Buffett know anything about Ulta’s shares beyond a cursory understanding? Not sure. He never spoke to management. Worth noting: Buffett has two investing lieutenants, Ted Weschler and Todd Combs, who control some of the money. 3. On the other hand, Berkshire Hathaway increased its stake in Domino’s Pizza this quarter, sending the chain’s shares higher on Friday. Should you buy Dominoes from Berkshire’s move? Perhaps Domino could be acquired from CEO Russell Weiner. We don’t know the extent of Buffett’s involvement. Does he have ownership rights in these investments? 4. Club-owned Disney raised its price target multiple times after a good quarter and upbeat multi-year earnings guidance. TD Cowen raised the price per share to $123 from $108 but maintained a hold rating on the stock. Wells Fargo rose from $116 to $138 and remains Buy. Bank of America raised its new price target to $140 from $120, the highest I’ve seen. Bank of America reiterated its buy rating. 5. Alibaba shares rose after the Chinese e-commerce and cloud computing giant unsurprisingly reported better-than-expected profits. Sales across the company are somewhat light. However, annual cloud revenue growth accelerated slightly this quarter, helped by triple-digit percentage growth in artificial intelligence-related products. 6. Shares of Applied Materials took a hit as the semiconductor equipment company’s sales outlook for the quarter fell short of expectations. In response, analysts lowered their price targets, but not by much. Is the stock’s roughly 9% decline an overreaction? 7. Palantir is moving its listing from the New York Stock Exchange to Nasdaq, a move that will make the data analytics software company eligible for inclusion in the Nasdaq 100 Index. The index consists of the exchange’s 100 largest non-financial companies and is tracked by the popular Invesco QQQ ETF. 8. The merger between Tapestry, the parent company of Kate Spade and Coach, and luxury brand Capri has been officially terminated, so the target price has been raised several times. A federal judge blocked the collaboration last month. Wells Fargo rose to $75 a share from $65 and maintained a buy rating on Tapestry stock. Baird rose from $58 to $64 and reiterated a buy rating. 9. Cowen raised Mastercard’s price target to $587 a share from $533 after the payment network provider made clear at its investor day that its enduring growth trajectory was intact. I also really like what Mastercard has to say. 10. Ahead of Donald Trump’s return to the White House in January, Morgan Stanley has become more cautious about the cleantech industry, citing uncertainty over changes in the policy environment. Still, analysts raised their price target on gas turbine and wind turbine maker GE Vernova to $367 per share from $301 and reiterated an equal buy rating. Subscribe for free to my Market Morning Top 10 Ideas email newsletter (See here for a complete list of Jim Cramer Charitable Trust stocks.) As a subscriber to CNBC Investing Club with Jim Cramer, you will receive trade alerts at Jim before making the trade. Jim waits 45 minutes after sending a trade alert before buying or selling stocks in his charitable trust portfolio. If Jim talked about a stock on CNBC TV, he would wait 72 hours after issuing a trade alert before executing the trade. The investment club information above is subject to our Terms and Conditions and Privacy Policy and our Disclaimer. No fiduciary duty or obligation shall exist or arise upon your receipt of any information relating to the Investment Club. No specific results or profits are guaranteed.

Republican presidential candidate and former U.S. President Donald Trump welcomes Robert F. Kennedy Jr. to the stage during an Operation Turning Point campaign rally in Duluth, Georgia, on October 23, 2024.

Anna Money Tree | Getty Images

10 things that matter most to me on Friday, November 15th

1. President-elect Donald Trump’s decision to nominate noted vaccine skeptic Robert F. Kennedy Jr. to lead the Department of Health and Human Services has a huge impact on pharmaceutical companies. That’s why pharmaceutical stocks, particularly those of vaccine makers, sold off late Thursday when reports of the option first surfaced. we have Eli Lilly and Company For the club.

2. Warren Buffett’s Berkshire Hathaway sell majority stake ultimate beauty After establishing itself in the second quarter, it achieved that goal in the third quarter, regulatory filings show. Does Buffett know anything about Ulta’s shares beyond a cursory understanding? Not sure. He never spoke to management. Worth noting: Buffett has two investing lieutenants, Ted Weschler and Todd Combs, who control some of the money.

3. Berkshire Hathaway, on the other hand, holds shares Domino’s Pizza Shares rose on Friday for the quarter. Should you buy Dominoes from Berkshire’s move? Perhaps Domino could be acquired from CEO Russell Weiner. We don’t know the extent of Buffett’s involvement. Does he have ownership rights in these investments?

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10 things that matter most to me on Friday, November 15th

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