My top 10 things to watch Monday, June 23 1. Making sense of the stock market’s muted response to the U.S. bombing three Iranian nuclear sites over the weekend. Strait of Hormuz uncertainty in the short term versus the destabilizing but not regime-changing situation in Iran. Positive for the markets? Is there more Permian takeaway than we think? Respected oil expert Rusty Braziel is on “Mad Money” tonight. 2. The situation with Iran is one of the five major things we’re watching in the market this week. The tension last week over Israel and Iran striking each other kept Wall Street in check. For the week , the S & P 500 lost 0.15%, the tech-heavy Nasdaq ticked up 0.21%, and the Dow was basically flat, up a mere 0.02%. 3. Why can’t Club name Nvidia get past $145 per share? Resurgent Advanced Micro Devices or just the wrong shareholder base? Melius Research upgrades AMD to a buy on a sustainable surge in inferencing. MI400 has caught up? The analysts raised their AMD price target to $175 per share from $110. 4. Raymond James upgraded DoorDash to a strong buy and increased its price target to $260 per share from $215. The analysts see Deliveroo synergies. On May 6, U.S.-based DoorDash agreed to buy British food delivery firm Deliveroo for $3.9 billion. 5. Bank of New York Mellon has approached Northern Trust about a merger, according to The Wall Street Journal. Here comes the deals. Robin Vince, CEO of Bank of New York, is aggressive, so it would not shock me. Would there be regulatory issues? 6. Remember, the Trump administration allowed Club name Capital One to buy Discover. Barclays raised its Capital One price target to $253 per share from $212 and maintained its overweight buy rating. The analysts upgraded their models post-Discover merger for accretion potential. 7. Darden Restaurants , the company behind Olive Garden and LongHorn Steakhouse, got all kinds of price target hikes — largely to levels above Friday’s close after solid quarterly beats. We like and own Texas Roadhouse in casual dining. So, do Braid analysts. They raised their price target on the Club name to $230 per share from $218. 8. UBS raised its Tesla price target to $215 per share from $190. The analysts say Tesla’s robotaxi is worth $99 per share — nearly half of the price target. However, UBS kept its sell rating, saying the robotaxi bump is priced into the stock. At Wedbush, analyst Dan Ives rode in a robotaxi and said it exceeded his expectations . Ives’ maintained his buy rating and Street-high $500 price target, which implies 55% upside to Friday’s close. 9. JPMorgan started coverage of former Club name Wynn Resorts stock with an overweight buy rating and a $109 per share price target. Wynn shares closed Friday at $88. The analysts like digital gaming, too. I don’t trust this call. Too much Macao. JPMorgan is neutral on MGM Resorts and Las Vegas Sands . I do like Wynn management, though. 10. Deutsche Bank upgraded Estee Lauder to buy from hold and raised its price target to $95 per share from $71. The ex-Club name closed Friday at $77. The analysts like Estee Lauder’s new plan to diversify beyond China and travel retail. To that end, Deutsche Bank said the company has invested heavily. 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.
Jim Cramer’s top 10 things to watch in the stock market Monday
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