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

Published Mon, Apr 22 20249:17 AM EDT

My top 10 things to watch Monday, April 22 The S & P 500 and the Nasdaq are up early Monday, in another attempt to end their sharp six-session slides. Expect a bounce in the oversold market if the bond selling, which drives up yields, can abate. Short-term bond auctions this week. The 10-year Treasury yield needs to hold 4.6%. High multiple stocks are getting crushed and I looked at why in my Sunday column . UBS is concerned about the Club's Super Six megacaps due to huge rallies since January 2023 lows: Alphabet, Amazon , Apple, Meta, Microsoft and Nvidia . Shares of Nvidia bounce 1% on Monday after Friday's 10% slide. In the week ahead, six Club stock earnings: Danaher on Tuesday morning; Meta Platforms and Ford after the close Wednesday; Honeywell on Thursday morning; Microsoft and Alphabet after the bell Thursday. Also, the Fed's favorite inflation gauge on Friday. KeyBanc cuts Meta price target to $555 per share from $575. The analysts still like the Club stock heading into earnings but are cautious. Congress is working on a divest or ban TikTok bill. Also, Meta is getting billions of dollars from China companies. Can that last ? KeyBanc likes Google parent Alphabet and raises price target to $175 per share from $165 ahead of the earnings print. Last week, Google restructured finance team as part of artificial intelligence shift. Consider buying Apple on any weakness, Wells Fargo says. I have been saying the Club stock goes to $160 per share before bottoming and I am sticking by that. Club name Salesforce plays hardball with Informatica and won't buy it and doesn't need it. Salesforce shares up 4% on talks reportedly fizzling. Barclays trims Abbott Laboratories price target by $1 per share to $140. Litigation worries keep lid on the Club stock. So wrong. So stupid. Jefferies boosts Procter & Gamble price target to $182 per share from $175. The analysts say P & G has been able to profit despite volatile economic conditions. I loved the quarter and felt it showed costs no longer outrunning the dollar. Tesla cuts prices for its driver-assistance software, which it calls full self-driving (FSD), to $8,000 from $12,000. Can't compete with that. The stock declines 4%. Tesla also recalls 3,878 Cybertrucks over "trapped pedal" issue seen in an owner's viral TikTok video . 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 Monday, April 22

The S&P 500 and the Nasdaq are up early Monday, in another attempt to end their sharp six-session slides. Expect a bounce in the oversold market if the bond selling, which drives up yields, can abate. Short-term bond auctions this week. The 10-year Treasury yield needs to hold 4.6%. High multiple stocks are getting crushed and I looked at why in my Sunday column.
UBS is concerned about the Club's Super Six megacaps due to huge rallies since January 2023 lows: Alphabet, Amazon, Apple, Meta, Microsoft and Nvidia. Shares of Nvidia bounce 1% on Monday after Friday's 10% slide.
In the week ahead, six Club stock earnings: Danaher on Tuesday morning; Meta Platforms and Ford after the close Wednesday; Honeywell on Thursday morning; Microsoft and Alphabet after the bell Thursday. Also, the Fed's favorite inflation gauge on Friday.
KeyBanc cuts Meta price target to $555 per share from $575. The analysts still like the Club stock heading into earnings but are cautious. Congress is working on a divest or ban TikTok bill. Also, Meta is getting billions of dollars from China companies. Can that last?
KeyBanc likes Google parent Alphabet and raises price target to $175 per share from $165 ahead of the earnings print. Last week, Google restructured finance team as part of artificial intelligence shift.
Consider buying Apple on any weakness, Wells Fargo says. I have been saying the Club stock goes to $160 per share before bottoming and I am sticking by that.
Club name Salesforce plays hardball with Informatica and won't buy it and doesn't need it. Salesforce shares up 4% on talks reportedly fizzling.
Barclays trims Abbott Laboratories price target by $1 per share to $140. Litigation worries keep lid on the Club stock. So wrong. So stupid.
Jefferies boosts Procter & Gamble price target to $182 per share from $175. The analysts say P&G has been able to profit despite volatile economic conditions. I loved the quarter and felt it showed costs no longer outrunning the dollar.
Tesla cuts prices for its driver-assistance software, which it calls full self-driving (FSD), to $8,000 from $12,000. Can't compete with that. The stock declines 4%. Tesla also recalls 3,878 Cybertrucks over "trapped pedal" issue seen in an owner's viral TikTok video.

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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.