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Cramer's big crypto call
If the Securities and Exchange Commission approves the pending applications for bitcoin exchange-traded funds, CNBC's Jim Cramer will be a seller — but not a total seller.
“The moment the funds start should be a short-term peak” in crypto prices, he said Thursday on CNBC’s “Squawk Box.” “I will sell half my Ethereum the day all this stuff is approved.”
He emphasized that he continues to like the digital currency, noting that the selling would just be to take profits on recent gains.
Meanwhile, with inflation heating up, Wolfe Research compiled a list of companies that can pass along higher costs to consumers. In other words, they have strong pricing power since customers will continue to seek out their products even if prices rise.
“We expect inflation to be the #1 market driver from here on out,” said Chris Senyek, chief investment strategist at the firm. “We believe that inflation trends and their influence on the Fed will be the most important drivers of overall market returns, sector rotation, and thematic performance in the months ahead.”
Names on the list include McDonald's, Coca-Cola and Walmart, as well as retailers Ralph Lauren and Tapestry. 
Finally, supply chain bottlenecks are reverberating across companies and industries, and Big Tech is certainly not immune.
Laura Martin, Needham's widely-followed Apple analyst, cut her iPhone shipment estimates for the current quarter, pointing to the chip shortage.
"We lower our iPhone 13 shipment estimates for calendar 4Q21 (ending Dec 31, 2021) by [10 million] units based on our channel checks and press reports citing chip shortages and ongoing supply chain issues. We now estimate that iPhone 13 shipments will reach [80 million] units in FY1Q22,” she wrote in a note to clients.
Martin also cut her full-year revenue estimates for 2022 by 5%.
STOCKS WE ARE WATCHING Data as of Thursday, October 14, 2021 • 3:30 pmET
CAT 
Shares of Caterpillar advanced more than 2% after Cowen launched coverage on the stock with an outperform rating. The firm said that a "megacycle" is underway for the industrial giant. WBA 
Walgreens Boots Alliance jumped more than 7% following the company's fourth-quarter results. The drugstore chain beat top and bottom line estimates during the period, and said that it administered nearly double the number of Covid-19 vaccines it was expecting to over the three-month period.
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