Jim Cramer's top 10 things to watch in the stock market Tuesday

Published Tue, Apr 2 20249:22 AM EDT

My top 10 things to watch Tuesday, April 2 The Dow and the S & P 500 are set to add to Monday's declines. Higher bond yields continue to pressure stocks and reduce odds of a Fed interest rate cut in June. The Nasdaq is also looking lower after closing higher Monday. Shares of Tesla drop more than 6% on Tuesday after disappointing first-quarter delivery and production numbers. U.S. oil prices jump almost 1.5% to just under $85 per barrel on escalating Mideast concerns and supply threats. The Club's lone oil and natural gas stock, Coterra Energy , is little changed Tuesday and up 9.75% year to date. Shares of PVH sink more than 20% on Tuesday. The Tommy Hilfiger, Calvin Klein and Van Heusen company delivers very bad outlook. Is the world going frugal? Price target cuts at Wells Fargo and JPMorgan. General Electric completes its split into three companies. Power unit GE Vernova launches Tuesday. The remaining GE will become GE Aerospace. Club name GE Healthcare was officially spun off in January 2023. President Joe Biden gets approval for a New England offshore wind farm from Avangrid , a unit of Iberdrola SA. The first one was Orsted A/S's Sunrise Wind, near Martha's Vineyard, as well. Barclays upgrades Array and downgrades Nextracker . These companies make solar tracker systems that allow huge utility-scale rows of solar panels to rotate and follow the sun's movement across the sky. Xiaomi stock is up 16% after the Chinese smartphone maker launched its first electric car. Barclays downgrades Chinese EV maker Nio to sell. Citi analysts take Eli Lilly price target to $895 per share from $675. The Club name is a dominant player in the emerging GLP-1 weight loss and diabetes treatments. Citi also upgrades Club Estee Lauder to buy from neutral and raise price target to $175 per share from $160. The analysts see sales reaching an inflection point. Barclays raises price targets on Club industrials Eaton , Stanley Black & Decker , and Honeywell . Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free (See here for a full list of the stocks at Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.

My top 10 things to watch Tuesday, April 2

The Dow and the S&P 500 are set to add to Monday's declines. Higher bond yields continue to pressure stocks and reduce odds of a Fed interest rate cut in June. The Nasdaq is also looking lower after closing higher Monday.
Shares of Tesla drop more than 6% on Tuesday after disappointing first-quarter delivery and production numbers.
U.S. oil prices jump almost 1.5% to just under $85 per barrel on escalating Mideast concerns and supply threats. The Club's lone oil and natural gas stock, Coterra Energy, is little changed Tuesday and up 9.75% year to date.
Shares of PVH sink more than 20% on Tuesday. The Tommy Hilfiger, Calvin Klein and Van Heusen company delivers very bad outlook. Is the world going frugal? Price target cuts at Wells Fargo and JPMorgan.
General Electric completes its split into three companies. Power unit GE Vernova launches Tuesday. The remaining GE will become GE Aerospace. Club name GE Healthcare was officially spun off in January 2023.
President Joe Biden gets approval for a New England offshore wind farm from Avangrid, a unit of Iberdrola SA. The first one was Orsted A/S's Sunrise Wind, near Martha's Vineyard, as well.
Barclays upgrades Array and downgrades Nextracker. These companies make solar tracker systems that allow huge utility-scale rows of solar panels to rotate and follow the sun's movement across the sky.
Xiaomi stock is up 16% after the Chinese smartphone maker launched its first electric car. Barclays downgrades Chinese EV maker Nio to sell.
Citi analysts take Eli Lilly price target to $895 per share from $675. The Club name is a dominant player in the emerging GLP-1 weight loss and diabetes treatments. Citi also upgrades Club Estee Lauder to buy from neutral and raise price target to $175 per share from $160. The analysts see sales reaching an inflection point.
Barclays raises price targets on Club industrials Eaton, Stanley Black & Decker, and Honeywell.

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(See here for a full list of the stocks at Jim Cramer's Charitable Trust.)

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As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, TOGETHER WITH OUR DISCLAIMER. NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.