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


My top 10 things to watch Monday, Oct. 23

1. U.S. equities edge lower in premarket trading Monday, with S&P 500 futures down 0.36%. Bond yields continue to hover around 16-year highs, with that of the 10-year Treasury at just under 5% — and investors should get used to it. Here’s why I think concerns about our current economic moment are somewhat overblown.

2. Club holding Walt Disney (DIS) is close to reaching a cash-and-stock deal to sell its India operations to to Reliance Industries (RLNIY), Bloomberg reports Monday, citing people familiar with the matter. The Indian multinational conglomerate is owned by Asia’s richest tycoon, Mukesh Ambani.

3. Piper Sandler says its remains bullish on Club name Microsoft (MSFT), while recommending large-cap growth investors add to their positions ahead of the general release of the company’s artificial-intelligence assistant, M365 Copilot, on Nov. 1. Microsoft is set to report quarterly results after the closing bell on Tuesday, and here’s what the Club is looking for.

4. Piper Sandler downgrades Club holding Salesforce (CRM) to neutral from overweight, while lowering its price target on the stock to $232 a share, down from $268.

5. Mizuho raises its price target on UnitedHealth Group (UNH) to $584 a share, up from $549, while reiterating a buy rating on the stock. The firm reduces growth estimates and price targets across the cloud applications and analytics group, calling consensus growth expectations “overly optimistic.”

6. A number of Wall Street firms lower their price targets on cybersecurity group Okta (OKTA) after the company says client files were accessed by hackers in another data breach, sending shares tumbling.

7. Citing new delivery delays, Bernstein lowers its price target on Boeing (BA) to $270 a share, down from $274, while maintaining an outperform rating on the stock ahead of the aircraft manufacturer’s quarterly results on Wednesday.

8. William Blair initiates coverage of Celsius Holdings (CELH) with an outperform rating and no price target, noting the company’s “attractive position” in the food and beverage space. Is the consumer-packaged goods firm the next great growth story?

9. Club holding Apple (AAPL) is doubling down on generative AI, with plans to apply the technology to all its devices, according to Bloomberg. “But I can tell you in no uncertain terms that Apple executives were caught off guard by the industry’s sudden AI fever and have been scrambling since late last year to make up for lost time,” writes chief correspondent Mark Gurman.

10.  Wall Street’s forward earnings revisions and price reactions on Club name Morgan Stanley (MS) have been broadly weaker following the bank’s mixed third-quarter results last week. Investor disappointment over its wealth management business and the prolonged slump in investment banking weighed heavily on shares post-earnings.

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