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

1. Wall Street was little changed on Monday as it was on Friday. The muted mood late last week masked the heat and cool-down of AI trading that briefly catapulted the club’s name to the forefront. NVIDIA It has grown to become the most valuable company in the United States. DowIt has been in a slump recently, but is quietly catching up. S&P 500 and Nasdaq It’s approaching record levels. This week sees the Fed’s monthly members meeting on Thursday and the release of its favorite inflation gauge on Friday.
2. Club Events Broadcom Reuters and Bloomberg News have each reported that Apple and ByteDance are in talks to develop an artificial intelligence processor using a 5-nanometer manufacturing process. The custom chips would reportedly comply with U.S. export controls on AI technology. No, they’re not competing with major AI chip makers. NVIDIA.
3. Bank of America raised its price target on Broadcom to $2,150 from $2,000, implying a nearly 30% upside from Friday’s closing price. Analysts said Broadcom is transforming from a so-called value stock into a growth stock, driven by its AI chip business and its recent acquisition of VMWare.
4. Melius Research has raised its earnings forecast and price target on the club name. apple The company said it is navigating an unprecedented iPhone era and raised its price target on the stock to $260 from $227. JPMorgan argued that Apple’s decision to delay the rollout of AI features in Europe due to regulatory concerns will not have a significant impact on the iPhone upgrade cycle. The firm reiterated its buy rating on the stock.
5. Boeing The stock price fell after Reuters reported that U.S. prosecutors had recommended the Justice Department bring criminal charges against Boeing for violating settlements related to the deadly 737 Max crashes in 2018 and 2019. If history is any guide, it will be shareholders, not the CEO or the board, who will pay the price.
6. Citigroup Downgrade ResMedThe company, which makes a treatment for sleep apnea, was upgraded to a hold rating from buy. The announcement comes after Club Holdings Eli Lilly Late Friday, the company released additional data showing that its fast-growing GLP-1 drug tirzepatide is a promising treatment for obstructive sleep apnea. ResMed shares fell sharply Monday morning.
7. Multiple price targets lowered Walgreens Boots Alliance Ahead of the struggling pharmacy chain reporting third-quarter results on Thursday, Barclays’ stock price rose to $15 from $21 a share, while UBS’s rose to $17 from $22.Walgreens CEO Tim Wentworth, who took over last year, has remained busy with the turnaround opportunity.
8. Morgan Stanley analysts Uber and lift In the field of self-driving cars, it is one of the winners, even though many questions remain. TeslaRobotaxi event to be held in August. Analysts also like Club Holdings alphabetThe company is working with its Waymo unit to develop self-driving cars, but analysts warn there’s a long way to go before they’re widely adopted.
9. Barclays raises price target for regional banks First Horizon The stock has risen from $18 to $19 a share, up nearly 30% from Friday’s closing price. I recently had CEO Brian Jordan on “Mad Money,” and the company is doing great.
10. Citigroup raises target price micron Micron shares rose to $175 from $150 a share, up about 25% from Friday’s close. The memory chip maker, which reports earnings Wednesday night, deserves to trade at a premium valuation because of its growing AI business, analysts argued. They maintained Micron as a top pick. The stock has more than doubled over the past year.

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