Jim Cramer’s top 10 things to watch in the stock market on Tuesday
My top 10 things to watch for Tuesday, July 21 1. Does SK Hynix dominate the market? Listed shares of the South Korean memory-chip maker rose more than 6% this morning. So you might have guessed that the future of the Nasdaq is also big. The question is: Will it hold? The Nasdaq Composite’s strong start yesterday reversed, ending the day flat. 2. New 50% tariffs on some Canadian goods from the Trump administration, from wine to hockey sticks to cement. It should take effect in 30 days. Notably, power is not included in the new jobs. The focus should be on dealing with companies that do business with Iran or Russia, but that is not the focus. 3. Morgan Stanley launched a slew of calls on business software stocks after a new lead analyst, Adam Wood, took over. The club’s name Salesforce has been downgraded to non-buy due to concerns that Agentforce’s evolution will not happen soon enough to address weaknesses in legacy products. Adobe was cut short of the sale, citing the risk of leadership killings and business model changes. Intuit also urged it to hold back on purchases, saying it would take time for investors to be convinced of renewed growth. 4. Wood and Morgan Stanley kept Club Microsoft’s name at a buy rating. Cloud unit Azure and AI assistant Copilot are key drivers of the stock, and analysts argue that both are set to enter. The extent of that reversal is “not well reflected in the market,” they wrote. Microsoft is the second worst Mag 7 stock this year (behind only Tesla). As much as I respect CEO Satya Nadella and CFO Amy Hood, this one is testing my patience. It takes something good to happen. The salary comes out next week. 5. 3M explosion: The industrial conglomerate rose more than 5% in the premarket after passing the top and bottom lines. Best known for things like Scotch tape and Post-it notes, other 3M products are seeing an increase in demand thanks to the creation of AI. CEO Bill Brown has it together. I’ll be interviewing him on tonight’s “Mad Money.” 6. Wells Fargo raised its price target on behalf of Club Amazon to $322 from $313. Analysts have pointed out that costs are increasing but still say that the e-commerce and cloud giant can transfer costs to the cloud. Amazon reports earnings next week. They may be done with bond offerings this year, but is an equity sale on the table? That question in the market is why this stock has been dead money lately. 7. Key business trends for Intel-owned Club look healthy, according to RBC Capital, even though shares trade at 69 times trailing 12-month earnings estimates. Analysts are looking for a 5% revenue beat and a 3% to 5% guidance increase when Intel reports earnings Thursday evening. This stock has been a rollercoaster (along with many other AI stocks), but I’m holding on to it. 8. Raymond James upgraded Ralph Lauren to hold buy with more confidence that it could beat Wall Street’s expectations for fiscal 2027. Although it has become very active, Ralph Lauren is one of the best names in shopping. Telsey Advisory raised its PT last week. I was going to buy this stock and I should have bought it through Nike, which has gone out to the Club. 9. Live Nation was downgraded from being bought by Susquehanna. The stock is up 27% so far this year as the Justice Department’s antitrust issues have eased and the market has enjoyed a strong slate of concerts. But at current levels, analysts say most of that good news is baked into the stock, leaving “little room for error” in the third quarter. 10. Kraft Heinz struck a deal with Disney to supply ketchup, mac and cheese, and other products to the entertainment giant’s North American location. In exchange, Kraft Heinz will be able to use Disney characters in products sold in stores, the Wall Street Journal reported. It’s a smart move from CEO Steve Cahilane as he works to revitalize Kraft’s brands. I believe in what he is doing. It has withdrawn from the break-up and is instead investing to fix problems and return to growth. Sign up for my free Top 10 Morning Thoughts on the Market email newsletter (See here for a full list of stocks from 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 stock in his charity portfolio. When Jim talks about a stock on CNBC TV, he waits 72 hours after issuing a trade warning before making a trade. THE PRIVATE INFORMATION OF THE BURNING CLUB IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, AND OUR PRIVACY POLICY. NO LEGAL LIABILITY OR OBLIGATION EXISTS, OR IS CREATED, BY YOUR ACCEPTANCE OF ANY INFORMATION PROVIDED BY CONTACTING THE INVESTMENT CLUB. NO PARTICULAR RESULT OR INTEREST IS GUARANTEED.
