Happy post-Super Bowl Monday.
Jim Cramer is back from Miami and he's weighing in on Exxon Mobil, Kansas City Chiefs coach Andy Reid and Alphabet's earnings.
A Market Check-In
Cramer weighed in on his thoughts about the market over in his Real Money column Monday morning.
Here's a sneak peek of his thoughts.
"What I heard were people wanting to buy. We've all been pretty much trained, Pavlovian-style, to buy the S&P 500. The only stocks anyone mentioned to buy were Apple AAPL and Tesla TSLA. The dialogue was pretty simple: "Can I buy Apple on this dip? Or, do I have to wait for Tesla to go down, or can I just buy it Monday." In each case, I was circumspect. I like both of them very much, but I think buying right here might be ill-advised, not because I fear a gigantic decline, but because I want to know more about how this virus is spreading," wrote Cramer.
Analysts at Goldman Sachs cut their rating on Real Money Stock of the Day Exxon Mobil (XOM) - Get Report to "sell", citing what it called "clear downside" risks to the company's near-term targets, noted TheStreet's Martin Baccardax Monday morning.
Goldman analyst Neil Mehta also lowered his price target on Exxon by 18%, to $59 per share, following the group's weaker-than-expected fourth-quarter earnings report Friday that the analyst argues could test its ability to deliver a 15% return on capital employed by 2025. Mehta sees that return figure at no better than 8%, thanks in part to extended declines for global crude and lower downstream margins for Exxon.
Analysts are forecasting GAAP earnings per share of $12.50 on revenue of$38.4 billion.