Top 10 Things to Watch Jim Cramer in the Stock Market Monday

1. There is no debt ceiling deal until House Speaker Kevin McCarthy says so, not the White House. The Republican leader has the upper hand, knowing that a sitting president was never re-elected due to a slump in his last year in office. A government default, even the constant threat of one, can tip the economy over the edge. Debt ceiling talks with President Joe Biden and congressional leaders are expected to resume on Tuesday.

2. the dawthe Standard & Poor’s 500 and the Nasdaq The two were mixed. “I’m hopeful,” Treasury Secretary Janet Yellen told the Wall Street Journal over the weekend. “I think the negotiations are very active. I’m told they’ve reached some areas of agreement.” The Dow and S&P 500 are emerging from consecutive weekly declines. The Nasdaq had a minor weekly lead for the third week in a row.

3. In my column on Sunday, I explained why investors should buy stocks at the ugliest moment to catch the next economic wave that is about to hit that would be great for the market. After last week’s quiet inflation data, we get Tuesday’s government retail sales data and earnings from our retailers. TJX Companies (TJX) on Wednesday and foot locker (Florida) on Friday.

4. Two big CNBC interviews Monday morning: Atlanta Fed President Rafael Bostick said he doesn’t expect rate cuts this year, even if there is a recession; Billionaire hedge fund manager Paul Tudor Jones says the Fed is done raising interest rates and he thinks stocks will end the year higher from here.

5. Loop Capital upgrades Meta platforms (META) to buy from hold, with a significant increase in price target to $320 per share from $220. He cites lower costs and a strong position in artificial intelligence for ad targeting. downgrade loop the alphabet (GOOGL) Comment of purchase. It maintains a price of $125 per share. He notes a strong position in artificial intelligence. But to stay on top of competitors like Microsoft MSFT assessment may be restricted. All three are club names.

6. Barclays raises its price target sales force (CRM) to $245 per share from $225. It maintains an Overweight (Buy) rating ahead of the quarterly earnings, which are due on May 31. Meanwhile, Jeff Smith’s Starboard sold about half a million shares of CRM, dropping his holding to 2.5 million shares, according to the Securities and Exchange Commission’s quarterly filing for the three months ended March 31.

7. Citi analysts raise their price target stronghold (F) to $12.80 per share from $12.50. Keep the rating neutral (comment). The holding club performs better on the balance sheet.

8. former to Walmart (WMT) reported its quarter on Thursday, and Credit Suisse analysts are positive and say it could be a good release. Credit Suisse has an outperform (buy) rating over Walmart with a price target of $170 per share.

9. onuk (oke) f Magellan Midstream (MMP) Merge; Finally, there have been mergers in the master limited partnerships (MLP) space. This area used to be a favorite of retail investors but has been awful for seven years. Magellan made a 15% increase in the deal. Unoc discount 5.5%. These companies store and transport oil and natural gas. In the field of energy, we love and own exploration and production companies Pioneer Natural Resources (PXD) f Coterra Energy (CTRA) as well as the oilfield services giant Halliburton (Hal).

10. From Oil to Minerals, based in Colorado Newmont (NEM) buys Australian Newcrest for $17.8 billion. Consolidation of this group continues. Biggest deal ever. Establishing Newmont as the largest.

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