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Jim Cramer's top 8 things to watch in the market Friday: Intel sinks, Salesforce board shakeup

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Intel (INTC) catches multiple price target cuts on Wall Street after missing estimates with fourth-quarter earnings and revenue.

Guidance was weak, too. Shares drop 10% early Friday, pressuring Nasdaq stocks into the open. CEO Pat Gelsinger is very nice, but what is going on here? How could Intel have fallen so far behind? Historic collapse for this one-time chip industry leader. 2. Piper Sandler raises On Semiconductor price target to $85 per share from $75; keeps overweight rating. Analysts predict a bottom in chips in the middle of the year.

Two days after announcing a massive $75 billion buyback plan, Chevron posts a record $36.5 billion profit for 2022. Double the prior year. But a big fourth-quarter miss on earnings-per-share but a beat on revenue. The Club's oil stocks are Coterra Energy , Devon Energy , Halliburton and Pioneer Natural Resources . 7. Barclays boosts Abbott Laboratories price target to $125 per share from $122. Analysts see better improvement in medical devices and diabetes.

 

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