What Cramer is watching on Monday – Instant cuts, chip stock reset, reduced finances

Snap Inc. CEO Evan Spiegel walks into a morning session at the Allen & Company Sun Valley Conference on July 07, 2021 in Sun Valley, Idaho.

Kevin Dietsch | Getty Images

What I watch July 25, 2022

Still downgrading Snap (SNAP), this time Wolfe Research and Morgan Stanley. How could they be so wrong? Does winner take all, losers take none, compared to parent Meta Platforms (META) Google and Facebook Club Holdings Alphabet (GOOGL)? SNAP down 2% pre-market after dropping 39% on Friday.

Barclays Semiconductor Share Price Target Reset: Club holding Nvidia (NVDA) at $200 per share from $295; Skyworks Solutions (SWKS) at $122 instead of $125; Club holding Marvell Technology (MRVL) at $60 from $80. Qorvo (QRVO) at $120 from $135. This is what it takes to progress.

  • Barclays will wait to buy (equal weight to overweight) on Lam Research (LRCX), says it’s far too early to buy the dip. Substantial says reset needed, lowers price target to $450 per share from $625. I don’t know, do you really want to do this before the possible success of the CHIPS act on Capitol Hill? Barclays lowers PT on KLA Corporation (KLAC) to $325 from $365.

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