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Investing Club: What Jim Cramer is watching in the market Monday, including Rivian, banks and IPOs

Jim Cramer

Scott Mlyn | CNBC

(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.)

Rivian (RIVN) started at neutral at Goldman, JPMorgan…but 9 buys…Morgan Stanley calls it “the one”… cites compelling product, strong management, Amazon relationship… PNC Financial (PNC) cut from hold to sell at Morgan Stanley… this is almost always a bad call because the Street loves a large regional like this… firm goes buy to hold on Citigroup (C) too… wow so far below tangible book, somebody must really not like this one… Betsy Graseck, a powerful analyst, says a lack of catalysts… upgrades Goldman (GS) sell to holdDeutsche Bank (DB) upgraded hold to buy at JPMorgan…High impact: Home Depot (HD) upgraded hold to buy at Opco… cites continued if not outsized sales and profit expansion… Raises price target on Lowe’s to $300 from $235Weave Communications (WEAV)…small- and medium-sized business helper… targeted websites… this IPO came at $24, opened lower and then went lower still… the story of the late IPOs?… $21.80 opening… So it gets recommended; multiple buys on Street todayLucid (LCID) SEC investigation of combination with Churchill IV… got subpoena December 3…Goldman starts Regeneron (REGN) with a buy, likes Dupixent-which is for eczemaBoston Beer (SAM)…the pain done–Cowen goes from sell to hold $400 goes to $500…Citi moves Applied Materials (AMAT) to top pick, replacing Charitable Trust name Marvell Technology (MRVL)… which had a monster quarter and is way ahead of the group…Electronic Arts (EA)… Citi upgrades from hold to buy… washed out and $150 target down from $160…Lulu’s Fashion Lounge (LVLU)… another bust of a deal… $16 pricing; opens at $14.05; LVLU is now at $11… yet gets 9 buy ratings todayChewy (CHWY) cut from buy to hold at Wedbush… reports on the ninth of this week… an omen?… worth selling this $26 billion company ahead?… analyst sees growth below consensus…Left field–Will Russia invade Ukraine soon?… NATO allies swinging to Biden assessment…China cuts reserves banks have to hold by 1/2 %… releases $188 billion to counter economic slowdown.Ulta Beauty (ULTA)… PT raised from $492 to $516 at Barclays… analyst loved the recent upside surpriseOmicron spreads, but hospitalizations remain low…Barclays lowers General Electric (GE) target from $128 to $122…keeps as a buy but says valuation looks quite full–wow–the break-up did not inspire buying at all…RBC loves Investing Club name Ford (F)…cites breakup and earnings…

The CNBC Investing Club is now the official home to my Charitable Trust. It’s the place where you can see every move we make for the portfolio and get my market insight before anyone else. The Charitable Trust and my writings are no longer affiliated with Action Alerts Plus in any way.

As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Typically, Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If the trade alert is sent pre-market, Jim waits 5 minutes after the market opens before executing the trade. If the trade alert is issued with less than 45 minutes in the trading day, Jim executes the trade 5 minutes before the market closes. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. See here for the investing disclaimer.

(Jim Cramer’s Charitable Trust is long MRVL, F.)

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