Devon Energy Corp – ReportWire

Tuesday’s analyst calls: Nvidia to pop 40%, Netflix gets a price target increase

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July 9, 2024

Here are Wednesday's biggest analyst calls: Tesla, Walmart, Qualcomm, Deere, Robinhood, Shopify & more

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December 6, 2023

10 dividend stocks yielding at least 4.5% that are rated ‘buy’ by most analysts

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During a period of high interest rates, it might be more difficult to impress investors with dividend stocks. But the stocks can have an important advantage over the long term. The dividend payouts can increase over the years, helping to push share prices higher over time.

When considering stocks for dividend income, yield shouldn’t be the only thing you consider. If a stock’s price has tumbled because investors are worried about the company’s business prospects, the dividend yield might be very high. A double-digit yield might mean investors expect to see a cut to the dividend soon.

There are many ways to look at companies’ expected ability to maintain or raise their dividend payouts. But one can also take a simple approach to begin researching stock choices.

At the moment, you can get a bank CD with a yield of close to 5% pretty easily. Here’s a look at current yields for CDs and U.S. Treasury securities and an approach for laddering them not only to protect your cash but to hedge against interest-rate risk.

For investors who would rather aim for long-term growth to go along with dividend income, or take a relatively conservative approach to growth while reinvesting dividends, a screen of stocks in the S&P 500
SPX,
+0.33%
produces only 10 stocks with dividend yields of 4.5% or higher with majority “buy” or equivalent ratings among analysts polled by FactSet. Here they are, sorted by dividend yield:

Company	Ticker	Dividend Yield	Expected payout increase through 2025	Share “buy” ratings	April 16 price	Consensus price target	implied 12-month upside potential
Comerica Inc.	CMA, +4.00%	6.56%	10%	58%	$43.30	$60.53	40%
Citizens Financial Group Inc.	CFG, +4.19%	5.77%	12%	74%	$29.10	$39.29	35%
Healthpeak Properties Inc.	PEAK, +2.33%	5.71%	9%	60%	$21.01	$27.69	32%
Hasbro Inc.	HAS, +1.28%	5.34%	8%	69%	$52.40	$69.27	32%
Philip Morris International Inc.	PM, +0.46%	5.11%	11%	67%	$99.48	$113.56	14%
Realty Income Corp.	O, +1.30%	5.04%	7%	56%	$60.77	$70.00	15%
Fifth Third Bancorp	FITB, +3.33%	4.99%	3%	72%	$26.44	$34.55	31%
VICI Properties Inc.	VICI, +1.58%	4.82%	12%	95%	$32.35	$37.73	17%
Organon & Co.	OGN, +1.01%	4.71%	5%	55%	$23.80	$31.89	34%
Iron Mountain Inc.	IRM, +0.82%	4.69%	15%	78%	$52.76	$56.00	6%
Source: FactSet

Click on the ticker for more about each company.

Click here for Tomi Kilgore’s detailed guide to the wealth of information available for free on the MarketWatch quote page.

The dividend yields for this group of 10 companies are based on current annual regular payout rates, with all paying quarterly except for Realty Income Corp.
O,
+1.30%,
which pays monthly.

These two oil and natural gas producers would have passed the above screen based on their most recent dividend payments and analysts’ sentiment, however, they pay a combined fixed-plus-variable dividend every quarter, with the fixed portion relatively low:

Shares of Pioneer Natural Resources Co.
PXD,
-0.77%
closed at $230 on April 14. Among analysts polled by FactSet, 59% rate the stock a “buy” or the equivalent, and the consensus price target is $257.42. The company pays a fixed quarterly dividend of $1.10 a share, which would make for a dividend yield of only 1.91%. However, the most recent variable quarterly dividend was $4.48 a share, for a combined quarterly dividend of $5.58, which would translate to an annualized dividend yield of 9.70%. The consensus estimate for dividends in 2025 is $4.63 — the analysts are only estimating the fixed portion of the dividend. Pioneer has held preliminary merger discussions with Exxon Corp.
XOM,
-1.16%,
according to a Wall Street Journal report.
Devon Energy Corp.’s
DVN,
-0.72%
stock closed at $55.70 on April 14. The shares are rated “buy” or the equivalent by 55% of analysts and the consensus price target is $67.66. The fixed portion of Devon’s quarterly dividend is 20 cents a share, for an annualized dividend yield of 1.44%. The variable portion of the most recent quarterly dividend was 69 cents a share. The total payout of 89 cents would make for an annual dividend yield of 6.39%. Analysts expect the fixed portion of annual dividends to total $3.61 in 2025, according to FactSet.

Don’t miss: Buffett is buying in Japan. This overseas value-stock fund is also making bets there. Is it a good way to diversify?

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April 17, 2023

These 10 fairly priced stocks are well off recent highs. Here’s where we stand on them

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Wall Street can — and will — turn against stocks the Club holds in high regard. In some cases, our move is to run toward the wreckage, not away from it. “I want to be greedy on the downside. I want to be giving on the upside,” Jim Cramer said on Tuesday’s edition of the “Homestretch.” “When I see a stock getting tossed out that I love, that is fantastic.” Building on Jim’s philosophy, we analyzed the Club’s portfolio to identify beaten-down stocks that trade at reasonable valuations. The specific circumstances around each stock vary, and impact our ultimate view on whether now is the time to buy. But in general, stocks that meet the following criteria may be the kinds of opportunities to consider taking further action on: The stock trades at least 15% below its 52-week high, as of Tuesday’s closing price. We used the 15% cutoff because the market is in overbought territory, based on Jim’s trusted S & P 500 Short Range Oscillator . In those situations, we have a higher threshold for determining a stock is worth buying on weakness. The stock has a forward price-to-earnings multiple under 18, which puts its valuation below the S & P 500’s forward P/E, as of Tuesday’s close. We found 10 Club holdings that met both measures, including Caterpillar (CAT) and Halliburton (HAL). Here’s a breakdown of the full list — plus our thinking on which stocks look like buys Wednesday. BHC 1Y mountain Bausch Health’s 12-month stock chart. 52-week high date: April 5, 2022 Percent below 52-week high: 68.4% Forward P/E: 2.1 We continue to view troubled Bausch Health as a wait-and-see situation. Specifically, we’re awaiting fresh information on the pharmaceutical company’s legal fight over its patent for the drug Xifaxan. CTRA 1Y mountain Coterra’s stock performance over the past 12 months. 52-week high date: June 8, 2022 Percent below 52-week high: 31.35% Forward P/E: 9.2 We want to see another pullback in the energy sector before thinking about committing more cash to Coterra Energy (CTRA) and other holdings in the group, which had a nice little rally off mid-March lows. In fact, we used that recent strength to exit our Devon Energy (DVN) position Tuesday. We are content with staying patient in Coterra. Management’s decision earlier this year to make stock buybacks a higher priority means we should steadily own more of the company without needing to buy additional shares. PXD 1Y mountain Pioneer Natural Resources’ 12-month stock performance. 52-week high date: May 31, 2022 Percent below 52-week high: 26.94% Forward P/E: 9.5 Our view on Pioneer Natural Resources (PXD) is similar to Coterra. We made two purchases at lower levels in March, most recently on March 20 at around $185 per share. But now after back-to-back strong weeks for the stock, we see no reason to add to our position up here around $209 per share Wednesday. WFC 1Y mountain Wells Fargo’s stock performance over the past 12 months. 52-week high date: April 11, 2022 Percent below 52-week high: 26.66% Forward P/E: 7.6 For investors who believe the U.S. economy is not headed toward a steep recession, Wells Fargo (WFC) is a buy under $37 per share. Of course, bank stocks have fallen out of favor on Wall Street following the collapse of three U.S. lenders in March, and could remain a near-term headwind on WFC shares ahead of the firm’s April 14 earnings report. But the bank’s fundamental turnaround story is intact and will create value over time. That’s what makes the stock attractive here at less than 8 times earnings. HAL 1Y mountain Halliburton’s stock price over the past 12 months. 52-week high date: June 8, 2022 Percent below 52-week high: 24.46% Forward P/E: 10.4 Like our two other energy stocks, we want to see another pullback in Halliburton shares before we’d add to our position. The stock is still trading above our most recent purchase price, at roughly $30 per share, on March 17 when Wall Street was dumping the oils. Big picture, the oilfield services’ company is still poised to benefit from a multiyear upcycle in investment activity. F 1Y mountain Ford Motor’s 12-month stock performance. 52-week high date: August 16, 2022 Percent below 52-week high: 23.74% Forward P/E: 7.8 Many market participants are very negative on Ford Motor (F), due in part to fears the U.S. economy is entering a cyclical downturn that will crimp auto sales. However, the bears are too pessimistic. We see Ford as a buy here. On Tuesday, Ford said first-quarter vehicle sales rose roughly 10% compared with the year-ago period. Ford’s full first-quarter earnings report, set for May 2, should demonstrate the company’s earnings leverage as costs in its internal combustion division come down. QCOM 1Y mountain Qualcomm’s stock performance over the past 12 months. 52-week high date: July 22, 2022 Percent below 52-week high: 21.93% Forward P/E: 11.7 Our sour attitude on Qualcomm (QCOM) remains, and we don’t want to allocate any funds to the chipmaker here. As Jim mentioned during the Club’s March edition of the “Monthly Meeting,” , we may look to exit our position in Qualcomm if the stock gets back to the $130 levels. CAT 1Y mountain Caterpillar’s stock performance over the past 12 months. 52-week high date: Jan. 27, 2023 Percent below 52-week high: 18.26% Forward P/E: 13.4 Caterpillar is a beaten-down stock worth buying. We acted on that view Tuesday, buying 20 shares at roughly $217 apiece. The stock remains on sale Wednesday, down about 2% to $213 per share. Caterpillar’s slide comes as mounting recession fears prompt Wall Street to buy defensive sectors like health care and sell traditionally cyclical sectors. However, our belief that Washington’s infrastructure spending is a multiyear boon to Caterpillar allows us to view this weakness as a buying opportunity. MS 1Y mountain Morgan Stanley’s stock performance over the past 12 months. 52-week high date: Feb. 14, 2023 Percent below 52-week high: 16.01% Forward P/E: 11.6 Shares of Morgan Stanley (MS) have fallen on hard times amid the fallout from the U.S. banking crisis. But we’re sticking with the firm because of its pivot toward asset management. We value the stability that asset management’s fee-based revenues bring compared with Morgan Stanley’s traditional investment banking operations. The stock looks cheap now at less than 12 times earnings, and over time its transformation should support a premium valuation. JNJ 1Y mountain Johnson & Johnson’s stock performance over the past 12 months. 52-week high date: April 25, 2022 Percent below 52-week high: 15.11% Forward P/E: 14.9 Johnson & Johnson (JNJ) is a buy after the pharmaceutical giant agreed to pay $8.9 billion to settle allegations that the company’s talc products caused cancer. While the settlement with plaintiffs needs approval from a U.S. bankruptcy court judge, it is a great development for J & J shareholders . A series of unfavorable legal rulings this year have been a major overhang on the company’s stock price. Now there appears to be a resolution on the horizon, giving much-needed clarity to investors. Jim said Wednesday J & J has become his favorite Club stock. (See here for a full list of the stocks in Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.

An employee assembles an excavator at the Caterpillar Inc. manufacturing facility in Victoria, Texas.

Callaghan O’Hare | Bloomberg | Getty Images

Wall Street can — and will — turn against stocks the Club holds in high regard. In some cases, our move is to run toward the wreckage, not away from it.

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April 5, 2023

Oil stocks jump on Saudi oil production cut

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Oil stocks jumped premarket Monday after Saudi Arabia’s Ministry of Energy led a surprise oil production cut across several OPEC+ nations. On Sunday the Ministry announced that the Kingdom will implement a voluntary cut of 500 thousand barrels per day from May till the end of 2023. The cut is a precautionary measure aimed at supporting the stability of the oil market, according to the Ministry of Energy. Oil stocks spiked premarket on the news, with Chevron Corp.
CVX,
+0.47%
climbing 4.1% and Exxon Mobil Corp.
XOM,
+0.16%
rising 4.1%. ConocoPhillips
COP,
-0.04%
is up 5.1% before market open and Devon Energy Corp.
DVN,
+1.52%
is up 5.9%. European oil giants BP PLC
BP,
+4.91%
and Shell PLC
SHEL,
+4.53%
rose 4.8% and 4.4%, respectively, in early trade in Europe.

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April 3, 2023

These 5 dividend-paying Club stocks are expected to grow earnings double-digits this year

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Wells Fargo (WFC) and Halliburton (HAL) headline a group of five dividend-paying Club stocks that are expected to post robust earnings growth this year. The bank and oilfield services firm jumped off the page in our latest screen of Jim Cramer’s Charitable Trust, the portfolio we use for the Club. We wanted to see which holdings are projected to boost per-share earnings this year well above the roughly 2% earnings growth estimated for the overall S & P 500 . We sought to ensure they’re paying dividends, too, an important part of capital return strategies along with share repurchases. (We highlighted the Club’s buyback royalty last week.) Investors should also pay attention to valuation, so we excluded stocks trading above the S & P 500’s multiple of 18 times forward earnings. (Calculating a forward price-to-earnings ratio, a common valuation metric used by investors to compare stocks, starts with a company’s stock price or an index level and then dividing it by the next 12 months earnings-per-share estimates.) The full list of stocks that passed this screening test: Wells Fargo, Halliburton, Cisco Systems (CSCO), Caterpillar (CAT) and Morgan Stanley (MS) Before we get into some commentary on each, here are the full parameters we used for this analysis as of the close after Tuesday’s Federal Reserve-driven selloff. Calendarized 2023 EPS growth of at least 10%. Current dividend yield above 1% Forward price-to-earnings ratio of 18 or below. Note: For this story, we used calendarized earnings and estimates – meaning, we compared what a company earned in calendar 2022 to what Wall Street expects it to earning in calendar 2023. Because companies follow different fiscal years – many end in December, but some end in June and others in January or September – this approach offer some standardization. This allowed for better comparison to Wall Street’s 2023 estimates for S & P 500 earnings. 1. Wells Fargo Estimated 2023 EPS growth: 50.7% Dividend yield: 2.7% Forward P/E: 9.4 WFC 1Y mountain Wells Fargo’s stock price over the past 12 months. Bank stocks came under pressure Tuesday. However, we like Wells Fargo over the long term, believing the bank’s turnaround efforts under CEO Charlie Scharf will continue to create value. More immediately, management’s expense discipline is poised to support earnings this year, on top of the benefit Wells Fargo receives from higher interest rates. Wells Fargo’s dividend rewards investors for their patience, plus its buyback was restarted this quarter. We have a buy-it-here 1 rating on Wells Fargo. The average price target from analysts covering the stock represents a 20% gain from Tuesday’s close of $44.45 per share. 2. Halliburton Estimated 2023 EPS growth: 41.02% Dividend yield: 1.7% Forward P/E: 12.43 HAL 1Y mountain Halliburton’s stock performance over the past 12 months. Demand for Halliburton’s services is robust following years of underinvestment in drilling capacity, which helps give the company tremendous pricing power to boost profitability. “Our completions calendar is fully booked and pricing continues to improve across all product service lines,” CEO Jeff Miller said on Halliburton’s most recent earnings call, in late January. We’re also fans of Halliburton’s new plan to return at least half of its annual free cash flow back to shareholders through dividends and buybacks. While that strategy is similar to those deployed by the Club’s three other energy stocks — Pioneer Natural Resources (PXD), Coterra Energy (CTRA) and Devon Energy (DVN) — Halliburton is a different kind of company. This makes its earnings relatively less dependent on the price of oil than those three exploration and production (E & P) firms. We have a 2 rating on HAL shares, meaning we’d wait for additional weakness before considering whether to add to our position. The average price target from analysts who cover Halliburton is roughly 31% above Tuesday’s close of $37.85. 3. Cisco Systems Estimated 2023 EPS growth: 14.88% Dividend yield: 3.2% Forward P/E: 12.38 CSCO 1Y mountain Cisco’s stock performance over the past 12 months. Cisco’s sales and profits have topped Wall Street expectations for three quarters in a row, including its most recent report, in mid-February , which was accompanied by a full-year guidance hike for revenue and earnings. However, questions still persist about whether Cisco is just feasting on the sizable backlog accumulated during the Covid pandemic and could run into challenges once it normalizes. With that skepticism about new order growth present, Cisco shares are up less than 1% since the company’s impressive results Feb. 15. We have a 2 rating on the stock. Meanwhile, the average price target from Cisco analysts on Wall Street is about 16% higher than where the stock closed Tuesday at $48.91 per share. 4. Caterpillar Estimated 2023 EPS growth: 14.71% Dividend yield: 2% Forward P/E: 15.5 CAT 1Y mountain Caterpillar’s stock performance over the past 12 months. Like Halliburton, Caterpillar sells into end markets that are prosperous and well-positioned to stay that way for the foreseeable future. Caterpillar, in particular, benefits from Washington’s infrastructure spending bill, which funds projects that need the company’s construction and mining equipment. This demand for Caterpillar’s products should allow the industrial powerhouse to raise prices when necessary, a dynamic that’s good for earnings and on display in its fourth-quarter results . We have a 1 rating on the stock. The average price target from analysts covering the stock implies a 4% gain from Tuesday’s close of $246.14 per share. 5. Morgan Stanley Estimated 2023 EPS growth: 13.84% Dividend yield: 3.2% Forward P/E: 13.3 MS 1Y mountain Morgan Stanley’s stock performance over the past 12 months. Morgan Stanley’s business transformation — from the boom-and-bust world of investment banking into the more stable realm of asset management — is core to our rationale for being shareholders. And, it’s continuing to play out according to plan. We see the bank as a stock to hold for the long term. In addition, Morgan Stanley pays a solid dividend, yielding over 3% annually at current levels, and buys back healthy amounts of stock. That rewards us for our patience. We have a 2 rating on Morgan Stanley shares. The average price target from analysts who cover Morgan Stanley is about 6% above the stock’s closing price of $96.06 on Tuesday. (Jim Cramer’s Charitable Trust is long WFC, HAL, CSCO, CAT and MS . See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.

Workers walk towards Halliburton Co. “sand castles” at an Anadarko Petroleum Corp. hydraulic fracturing (fracking) site north of Dacono, Colorado, U.S., on Tuesday, Aug. 12, 2014.

Jamie Schwaberow | Bloomberg | Getty Images

Wells Fargo (WFC) and Halliburton (HAL) headline a group of five dividend-paying Club stocks that are expected to post robust earnings growth this year.

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March 8, 2023

These 6 Club stocks look reasonably priced as Wall Street shuns high flyers

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We’re growing increasingly worried about some richly valued companies in our portfolio, including the likes of Nvidia (NVDA) and Microsoft (MSFT). Expensive stocks remain out of favor on Wall Street — just as they had been for much of last year — and there could be more room for them to fall as recession fears mount. Other stocks in Jim Cramer’s Charitable Trust , the portfolio we use for the Club, do not carry the same level of valuation risk. We wanted to call attention to some of those lower-multiple stocks that we believe are worth watching. We’re focusing on forward price-to-earnings ratios, calculated by dividing share price by estimated earnings-per-share over the next 12 months. The quotient is what’s known as the multiple . The S & P 500 ‘s overall multiple has fallen over the past year, going from around 21x forward earnings in early January 2022 to around 16.8x on Thursday. A lot goes into what investors are willing to pay for a stock, including higher interest rates — which make bond yields more competitive with stock returns — and the growth rate of a company’s profits relative to peers. As an investor looking to buy a stock, it may be easier to run the P/E in reverse. In this high-level hypothetical, start with the multiple you want to pay and multiply that by forward earnings estimates. If you’re willing to assign a 10 multiple to earnings per share of $5, that translates to a stock price of $50. But now growth is less certain and interest rates are going up, so you think paying 10x forward earnings is too risky. Instead, you think paying 8x forward earnings is more appropriate, meaning you’re only willing to pay $40 per share. Eventually it becomes clear profits are shrinking, and the company won’t earn $5 per share anymore; estimates now call for EPS of $4. In this scenario, paying 8x future earnings is too rich because the earnings growth is less robust. You determine you’re only willing to pay 7x forward earnings of $4 per share, translating to a stock price of just $28. This is an oversimplified explanation, to be sure. But it offers a look at what happens to stock prices when investors, in general, are less willing to pay a premium for a stock in an environment where that company’s earnings growth is slowing down and bonds are increasing in attractiveness. Right now, a key problem for the market is that many investors believe earnings estimates are too high. If the Federal Reserve stays hawkish and the U.S. economy continues to weaken and tip into recession, corporate profits may erode more than currently expected. This could intensify the pressure on stock prices. Higher-multiple stocks have a smaller margin for error in situations like this. Even a slight downward revision to earnings could lead to a considerable decline in richly valued shares. With this in mind, here are six Club stocks that currently fit our definition of reasonably priced, meaning they trade either around or below the S & P 500’s overall valuation. JNJ mountain 2022-01-05 Johnson & Johnson’s stock performance over the past 12 months. Johnson & Johnson (JNJ) is currently trading around 17.4x forward earnings, and the health-care company fits within the more defensive-oriented posture we believe is appropriate in this market. We’re also inching closer to J & J’s split into two publicly traded companies , a decision we believe will enhance shareholder value. On Wednesday, the company’s consumer health unit, which plans to be called Kenvue, filed with the U.S. securities regulator to be listed on the New York Stock Exchange. The pharmaceutical and medical technology divisions will retain the J & J name and own at least 80.1% of Kenvue. META mountain 2022-01-05 Meta Platforms’ stock performance over the past 12 months. Shares of Meta Platforms (META) trade at less than 16x forward earnings estimates, following a brutal 2022 for the once high-flying stock. Meta’s reliance on advertising revenue makes it more exposed to economic conditions than, say, J & J. However, the stock’s below-market multiple provides some comfort. Plus, the Instagram and Facebook parent let go more than 11,000 employees late last year, an important step to bring down expenses in the face of topline headwinds. HAL mountain 2022-01-05 Halliburton’s stock performance over the past 12 months. Oilfield services provider Halliburton (HAL) trades at roughly 13x forward earnings, a valuation that we find very reasonable. The stock is below its five-year average P/E of 17.2, per FactSet, and the company’s underlying business has been performing well. Management has talked about a multiyear drilling cycle, stemming from previous years of underinvestment, which should help the business remain resilient. Halliburton is up more than 7% since we added 150 shares to our position Dec. 16 . Our other three energy stocks — Pioneer Natural Resources (PXD), Devon Energy (DVN) and Coterra Energy (CTRA) — also maintain P/Es well below the S & P 500. We like the group here, evidenced by our purchase of 25 PXD shares on Wednesday . Morgan Stanley MS mountain 2022-01-05 Morgan Stanley’s stock performance over the past 12 months. At just under 12x forward earnings, Morgan Stanley (MS) is one of only two financial stocks in our portfolio. We’re comfortable owning it at present valuations despite a potential recession on the horizon. It carries an annual dividend yield of roughly 3.6%, which rewards investors for their patience, and the company bought back $2.6 billion worth of stock in the three months ended Sept. 30. Morgan Stanley checks all our boxes as a company that does real things for a profit, returns capital to shareholders and is reasonably priced. WFC mountain 2022-01-05 Wells Fargo’s stock performance over the past 12 months. Wells Fargo (WFC)— the other bank in our portfolio — trades at 8.3x forward earnings and is well-liked by analysts . While recession fears may be weighing on the stock, Wells Fargo’s loan portfolio is very high quality. The bank also benefits from the Federal Reserve’s higher interest rates. We also view the company as a turnaround story as it looks to get past regulatory restrictions . F mountain 2022-01-05 Ford Motor’s stock performance over the past 12 months. Ford (F) has one of the lowest price-to-earnings multiples in our portfolio, at just under 7x. We like the automaker here, with Jim saying on Thursday that he’d buy the stock at current levels . In December, Ford’s money-making F series pickup trucks registered their best sales month of 2022 — a positive sign after months of production disruptions limited availability. We’re fans of the company’s electric vehicle strategy, too. (See here for a full list of the stocks in Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.

A Halliburton oil well fielder works on a well head at a fracking rig site January 27, 2016 near Stillwater, Oklahoma.

J. Pat Carter | Getty Images

We’re growing increasingly worried about some richly valued companies in our portfolio, including the likes of Nvidia (NVDA) and Microsoft (MSFT). Expensive stocks remain out of favor on Wall Street — just as they had been for much of last year — and there could be more room for them to fall as recession fears mount.

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January 6, 2023

Tesla, Univar fall; InterDigital, Digital Realty Trust

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Stocks that traded heavily or had substantial price changes Tuesday: Tesla, Univar fall; InterDigital, Digital Realty Trust

NEW YORK — Stocks that traded heavily or had substantial price changes Tuesday:

Tesla Inc., down $15.08 to $108.10.

The electric vehicle maker fell short of CEO Elon Musk’s pledge to grow the company’s sales by 50% in 2022.

Digital Realty Trust Inc., up $2.56 to $102.83.

The real estate investment trust focused on data centers named Matt Mercier as its new chief financial officer.

AmerisourceBergen Corp., down $1.42 to $164.29

The prescription drug distributor completed its buyout of PharmaLex Holding.

InterDigital Inc., up $6.74 to $56.22.

The wireless research and development company increased its stock buyback program to $400 million.

Devon Energy Corp., down $3.39 to $58.12.

U.S. crude oil prices slipped and weighed down energy stocks.

Newmont Corp., up $2.38 to $49.58.

The gold producer gained ground along with rising prices for the precious metal.

Univar Solutions Inc., down 36 cents to $31.44.

The specialty chemicals company confirmed that is has ended discussions with potential buyer Brenntag.

Linde Plc., down $7.83 to $318.35.

Russia reportedly froze nearly $500 million of the gas supplier’s assets.

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January 3, 2023

ViaSat, Nvidia rise; Cal-Maine Foods falls

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NEW YORK — Stocks that traded heavily or had substantial price changes Thursday:

ViaSat Inc., up $1.91 to $31.76.

The provider of satellite and wireless networking technology announced a $325 million U.S. military contract.

Cal-Maine Foods Inc., down $9.02 to $53.17.

The egg producer reported weak fiscal second-quarter earnings.

Goldman Sachs, up $2.56 to $343.43.

The investment bank is reportedly working on a new round of job cuts.

Novartis AG, up 76 cents to $91.60.

The pharmaceutical company is reportedly paying $245 million to settle an antitrust case over a hypertension drug.

Devon Energy Corp., up 15 cents to $61.04.

Oil prices fell and weighed down energy stocks.

Nvidia Corp., up $5.67 to $146.03.

Chipmakers gained ground as part of a broader rally and as China continues rolling back strict COVID-19 restrictions.

Exxon Mobil Corp., up 82 cents to $109.20.

The oil company is reportedly suing the European Union over a windfall tax on energy companies.

Kraft Heinz Co., up 24 cents to $40.68.

Food producers and other stocks considered less risky lagged the broader market rally.

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December 29, 2022

Stocks making the biggest moves midday: Mission Produce, Nutanix, Alphabet, Tesla and more

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A Tesla service and sales center is shown in Vista, California, June 3, 2022.

Mike Blake | Reuters

Check out the companies making headlines in midday trading Friday.

Energy — Energy stocks outperformed on the S&P 500 following a rise in oil prices, which jumped Friday on expectations of a drop in Russian crude supply. Shares of Halliburton, Devon Energy, Chevron and Marathon Oil rose by more than 2% each.

Alphabet — The tech stock gained more than 1% after The National Football League said Thursday that its “Sunday Ticket” subscription package will go to subsidiary YouTube starting next season.

Biogen — The biotech stock declined fell slightly after Biogen’s Japanese partner, Eisai, said a third person has died during a trial of their experimental Alzheimer’s treatment, confirming Reuters reports.

Carnival, Norwegian Cruise Line — Cruise line operators declined as fears of a recession weighed on consumer discretionary stocks, which was one of three worst-performing sectors in the S&P 500. Shares of Carnival were down more than 4%, while Norwegian Cruise Line was down more than 2%.

Tesla — Shares of the electric vehicle maker declined 2% after CEO Elon Musk said that he would hold off on selling any more Tesla stock for the next 18 to 24 months. Over the past year, Musk sold roughly $39 billion in shares.

3M Company — 3M shed 1.6% after a U.S. judge barred the company from shifting liability to a subsidiary for injuries suffered by military members from allegedly defective earplugs. The judge said 3M deserved the “harshest penalty” for its “bad faith” attempts to transfer liability, Reuters reported.

Nutanix — Shares of Nutanix fell more than 5% after Dealreporter reported that Hewlett Packard Enterprise has halted talks to acquire the cloud computing company. Hewlett Packard confirmed in a statement to CNBC that “there are currently no discussions with Nutanix.”

Mission Produce — Shares of the avocado producer dropped more than 14% after the company reported financial results for its most recent quarter. It posted lower-than-expected profit and revenue as the rise in volume was not enough to offset a plunge in the prices of avocados.

— CNBC’s Tanaya Macheel and Michelle Fox contributed reporting.

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December 23, 2022

Pro Picks: Watch all of Wednesday’s big stock calls on CNBC

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December 21, 2022

Jim Cramer’s Investing Club meeting Wednesday: Santa Claus rally, down-and-out buys, Starbucks call, Sunday Ticket

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December 21, 2022

Arrival, Coupa Software rise; Apple, Activision fall

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Stocks that traded heavily or had substantial price changes Friday: Arrival, Coupa Software rise; Apple, Activision fall

NEW YORK — Stocks that traded heavily or had substantial price changes Friday:

Arrival SA, up 2 cents to 36 cents.

The electric vehicle maker said that F. Peter Cuneo has been appointed as interim CEO as Denis Sverdlov steps down.

Coupa Software Inc., up $3.76 to $62.69.

Vista Equity is reportedly considering buying the business software company

Activision Blizzard Inc., down $3.12 to $73.47.

Microsoft could face antitrust challenges to its proposed buyout of the maker of “Call of Duty” and other video games.

Apple Inc., down $2.96 to $148.11.

The company has been facing labor issues at an iPhone production facility in China.

Southwest Airlines Inc., up 59 cents to $39.22.

Airlines gained ground as the busy holiday travel season gets underway.

Devon Energy Corp., up 55 cents to $68.35.

Energy stocks were mixed as crude oil prices ultimately edged lower.

Nvidia Corp., down $2.49 to $162.70.

Chipmakers edged lower as concerns about weakening demand hover over the sector.

Credit Suisse Group AG, down 24 cents to $3.59.

The investment bank announced terms of a capital increase as it restructures.

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November 25, 2022

Pro Picks: Watch all of Friday’s big stock calls on CNBC

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November 18, 2022

Investor Kevin Simpson highlights five dividend-paying stocks to get through high inflation

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October 5, 2022

Stocks making the biggest moves midday: Peloton, Tesla, Viasat, Wells Fargo, Box and more

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A Tesla electric vehicle at a supercharger station in Hawthorne, California, on Aug. 9, 2022.

Patrick T. Fallon | AFP | Getty Images

Check out the companies making the biggest moves midday Monday:

Credit Suisse — Shares of Credit Suisse rose 1.7%, reversing an earlier slump that sent the stock to a record low, after the bank over the weekend made a series of calls to calm investor fears about its financial health. In addition, the cost to insure the bank’s debt against default jumped to a new high.

Tesla — Tesla shares dropped 8.2% after the electric vehicle maker said it delivered 343,000 vehicles in the third quarter, less than analysts expected. However, Wall Street analysts were divided over the report.

Peloton — Peloton shares rose more than 6% after the exercise-equipment company announced it will put bikes in all 5,400 Hilton-branded hotels in the U.S. Peloton is trying to engineer a turnaround and also said last week that its bikes, treadmills and other hardware would be sold in Dick’s Sporting Goods locations.

Roblox — Shares of the gaming platform fell slightly after MoffettNathanson initiated coverage with an underperform rating. The Wall Street firm said it’s too soon to tell whether Roblox will ever meet its metaverse ambitions.

Viasat — Viasat jumped 28% on Monday after striking a deal with L3Harris to sell its tactical data links business. The deal is for just under $2 billion, the companies announced. Viasat said it would use the cash to reduce its leverage and increase liquidity.

Wells Fargo – Wells Fargo’s stock gained 3% after Goldman Sachs upgraded the bank to a buy rating from neutral and said investors are underappreciating its potential.

Livent — The lithium company dropped about half a percent after Bank of America downgraded the stock to underperform from neutral, citing “limited upside.”

DocuSign — DocuSign dropped slid 2.4% after being downgraded by Morgan Stanley to underweight from equal weight, citing pricing pressure.

Myovant Sciences — The biopharmaceutical company jumped 36% after it rejected a bid by Sumitovant Biopharma, its largest shareholder, to buy the shares it doesn’t already own for $22.75 per share. Myovant, which said the offer significantly undervalues the company, said it is open to considering any improved proposal.

Box — Box’s stock rallied 7% after Morgan Stanley boosted its price target, implying the cloud storage company could surge 39% from Friday’s close. The firm also upgraded the stock to overweight from equal weight, citing solid macro positioning, strong execution and a more favorable competitive landscape.

Freshpet — Shares of Freshpet rose 7.6% after Barron’s reported the pet-food maker has hired bankers to explore a potential sale.

LogicBio Therapeutics — Shares of the clinical-stage genetic company skyrocketed more than 644% after it announced it was being acquired by AstraZeneca for $2.07 per share. That price tag is a whopping 666% increase from LogicBio’s closing price of 27 cents per share.

InterDigital — InterDigital’s stock rallied 16% after the research and development company raised its guidance for third-quarter 2022 total revenue a range of $112 million to $115 million, up from $96 million to $100 million.

Fluor Corp. — Fluor rose more than 5% in midday trading. The company announced Monday it was awarded two reimbursable engineering, procurement and construction management contracts by BASF for work in China.

Stanley Black & Decker — The tool maker’s stock jumped more than 4% after The Wall Street Journal reported that the company has eliminated about 1,000 jobs in an effort to cut about $200 million in costs.

Energy stocks — Oil prices jumped, pushing energy stocks higher. Marathon Oil rallied 8%. APA Corp. and Devon Energy gained about 7% each. Diamondback Energy, Halliburton and ConocoPhillips were all up more than 6%.

— CNBC’s Alex Harring, Samantha Subin, Carmen Reinicke, Yun Li, Tanaya Macheel and Jesse Pound contributed reporting.

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October 3, 2022

Tag: Devon Energy Corp