Jim Cramer Breaks Down Possible Intel CEO Announcement, Market Trends and Apple

May 12, 2023

in Trade Tube

Reading Time: 2 mins read

At the open, the Dow Jones Industrial Average rose 13 points, or 0.05%, to 24,588, the S&P 500 was down 0.21%, and the Nasdaq rose 0.63%.

00:05 Market Trends to Watch According to Jim Cramer
In his morning column for Real Money, Jim Cramer is breaking down 7 market trends to watch. Here’s a sneak peek:

What Is the FOMC and Why Does It Matter?

The next AI stock to double is _. The most overrated Mag 7 stock is _.

1. If your company is involved with aerospace, then you may very well report a monster upside surprise.

2. 5G is starting to make an impact.

3. Cancer remains the single-biggest challenge for so many health care companies…

See the rest of the trends here:

06:50 Apple’s Layoffs
TheStreet’s Joseph Woelfel reported on the layoffs at Apple’s Titan program–which focuses in autonomous cars.

An Apple spokesperson acknowledged the layoffs at Project Titan but told CNBC it still sees opportunity in the space.

“We have an incredibly talented team working on autonomous systems and associated technologies at Apple. As the team focuses their work on several key areas for 2019, some groups are being moved to projects in other parts of the company, where they will support machine learning and other initiatives, across all of Apple,” the spokesperson said.

01:57 Intel Earnings
Intel is Real Money’s stock of the day.

Here’s what Real Money’s Kevin Curran is writing about the chip space:

Market optimism is building into Intel Corp.’s earnings release after the close on Thursday.

Shares of the Santa Clara, California-based semiconductor company was up about 2% after Thursday’s opening bell as signals are suggesting chipmakers finally may have found a bottom after better-than-expected reports and management commentary from Texas Instruments Inc. , Lam Research Corp. and Xilinx Inc..

Analysts highlighted the idea that the bottom may be building after the more dovish reports.

“Lam Research reported 2Q19 (December) earnings results ahead of expectations and, more importantly, provided a near-term outlook that allayed some of the worst-case scenario fears,” Stifel analyst Patrick Ho wrote. “While the outlook came in below what we believe a bottom in WFE may be in 2019, we also believe this was a conservative take by management and at this point, likely leaves more opportunity for upside than downside going forward.”

Apple is a holding in Jim Cramer’s Action Alerts PLUS member club.

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