CNBC Investing Club

What Cramer is watching Monday — Buffett bulks up on Chevron, Honeywell lifted

Warren Buffett at a press conference during the Berkshire Hathaway Shareholders Meeting on April 30, 2022.

What I am looking at May 2, 2022

  • April was the worst month for the markets in years. Friday was the worst day for the S&P 500 since June 2020. Stocks are now oversold on my S&P Oscillator at minus 5.76. The 10-year Treasury note is 2.916% … Bargain? The Nasdaq plunged more 13% last month, its worst month since October 2008.
  • Did the market fear tactical nukes or the Fed on Friday? I think the former ...
  • Eli Lilly (LLY) price target raised to $356 from $315 at Mizuho on strength of tirzepatide, the promising weight-loss drug will be used by millions — not just diabetics. Approval could come earlier than 2024.