Jim Cramer's top 10 things to watch in the stock market Monday
The S&P 500 is headed for a higher open as Wall Street awaits key economic data this week.
TL;DR
- The S&P 500 is expected to open higher as investors await key economic data this week, including employment and retail sales reports, and the consumer price index.
- Nike is scheduled to report earnings after the market closes on Thursday.
- Broadcom shares saw a slight increase after a significant drop last week, with UBS viewing the decline as a buying opportunity.
- Wedbush raised Micron's price target to $300, citing a sharper lift in average selling prices ahead of its earnings report.
- Wells Fargo upgraded Masco to a buy, noting the stock is undervalued and that tariff noise presents an opportunity for investors.
- Bristol Myers received an upgrade to buy from Bank of America, with analysts highlighting its strong R&D pipeline and viewing current weakness as a buying opportunity.
- Bank of America downgraded Zoetis to a hold from buy, cutting its price target due to the animal pharmaceuticals company's tough year.
- Wells Fargo maintained a hold rating on Danaher while raising its price target, indicating the company is turning the corner due to stabilization in healthcare spending.
- Evercore ISI initiated coverage of GE Vernova with a buy rating and a $860 price target, citing its exposure to multiple industries.
- Evercore ISI also started coverage of Honeywell with a buy rating and a $225 price target, anticipating a 'picks and shovels' thesis to play out before its split into separate aerospace and automation companies.