Cramer's Morning Take: Starbucks 9/2/25
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 2 September 2025
⏱️ 4 minutes
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| 0:00.0 | Jim Kramer here to share with you a sample of my take on the market from today's |
| 0:07.0 | CMBC Investing Club warning meeting. |
| 0:09.0 | Why don't we set up the week here on earnings. |
| 0:13.0 | We're going to see Salesforce after the closing bill all Wednesday. |
| 0:17.0 | Morgan Stanley, you know, they raised the price target $4.05. |
| 0:21.0 | So I mean, look, that's a big, that's a lot of upside from here. |
| 0:24.5 | They tried to lay out the bullish case today. |
| 0:27.8 | They said their checks were, you know, generally stable, but they see traction with agent |
| 0:32.6 | forced deals, pricing tailwinds, and what they called a moderating mechanical headwinds, supporting reacceleration |
| 0:39.7 | in county year 2026. So still a couple quarters away from that, but they think, you know, they're saying |
| 0:46.9 | stick with it here. Yeah, the agenics program that Mark has, Mark Benny, the CEO, apparently is |
| 0:52.0 | working to the point that they have been able to lay off 4,000 people. |
| 0:56.8 | People are expensive at Salesforce. |
| 0:58.7 | That's not bad, but I have to tell you, I don't think that's what people are in Salesforce for. |
| 1:03.0 | I think they're in for growth. |
| 1:04.4 | And then Broadcom after the bell on Thursday. |
| 1:07.6 | You had Morgan Stanley. |
| 1:08.8 | They increased their price target at 357 this morning. They're looking for an ASIC. That's the custom accelerators. That revenue acceleration for next year. This was at 290. This is another one. Earlier this morning, right. Yes. But it's for the gunslingers right now. You know we don't play the game of buying ahead of a quarter. |
| 1:27.8 | That's not our stuff. |
| 1:28.8 | Yeah. |
| 1:29.8 | And then the jobs report Friday, which we know from what Jerome Powell said at Jackson Hole |
| 1:34.9 | just the other week that there is more downside risk to the labor market, which could |
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