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

Published Tue, Apr 9 20248:55 AM EDTUpdated Wed, Apr 10 202411:36 AM EDT

My top 10 things to watch Tuesday, April 9 Wall Street looks pretty non-committal for a second straight session as investors look ahead to this week's two inflation reports: Wednesday's consumer price index and Thursday's producer price index. Club earnings this week: Constellation Brands , maker of Modelo and Corona beers, on Thursday, and Wells Fargo on Friday. Goldman Sachs is "incrementally more positive" on Constellation. Piper Sandler lowers Ulta Beauty price target to $595 per share from $665. The analysts say the sell-off is overdone and keeps buy rating. Club owns embattled Estee Lauder. On "Mad Money" tonight: Elf Beauty CEO Tarang Amin. Piper analysts raise Elf price target by $3 per share to $228. Gold makes new highs. Bank of America starts Freeport-McMoRan with a buy. Is it time to buy the gold miners? Wolfe Research likes U.S. Steel and upgrades it to a buy-equivalent rating but drops Cleveland-Cliffs to a sell. Barclays raises Netflix price target to $550 per share from $475. Goldman Sachs cuts Tesla price target to $175 per share from $190. JPMorgan discovers Broadcom won chip orders from fellow Club names Alphabet and Meta Platforms . Google Cloud CEO Thomas Kurian's keynote at noon ET. Ahead of the address, Alphabet 's Google announced custom Arm -based chips, following similar moves from fellow Club names Amazon and Microsoft . Bank of America says Club name Apple 's app store is OK, with revenue growing 10% in the second quarter. 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 9

Wall Street looks pretty non-committal for a second straight session as investors look ahead to this week's two inflation reports: Wednesday's consumer price index and Thursday's producer price index.
Club earnings this week: Constellation Brands, maker of Modelo and Corona beers, on Thursday, and Wells Fargo on Friday. Goldman Sachs is "incrementally more positive" on Constellation.
Piper Sandler lowers Ulta Beauty price target to $595 per share from $665. The analysts say the sell-off is overdone and keeps buy rating. Club owns embattled Estee Lauder. On "Mad Money" tonight: Elf Beauty CEO Tarang Amin. Piper analysts raise Elf price target by $3 per share to $228.
Gold makes new highs. Bank of America starts Freeport-McMoRan with a buy. Is it time to buy the gold miners?
Wolfe Research likes U.S. Steel and upgrades it to a buy-equivalent rating but drops Cleveland-Cliffs to a sell.
Barclays raises Netflix price target to $550 per share from $475.
Goldman Sachs cuts Tesla price target to $175 per share from $190.
JPMorgan discovers Broadcom won chip orders from fellow Club names Alphabet and Meta Platforms.
Google Cloud CEO Thomas Kurian's keynote at noon ET. Ahead of the address, Alphabet's Google announced custom Arm-based chips, following similar moves from fellow Club names Amazon and Microsoft.
Bank of America says Club name Apple's app store is OK, with revenue growing 10% in the second quarter.

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.)

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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.