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Top 10 things to watch in the stock market Tuesday


Top 10 things to watch Tuesday, June 20

1. It’s a new week but the recent stock market rally makes for a not-so-great set up as Jim Cramer told the Investing Club Monday evening in his weekly column. The Dow, the S&P 500 and the Nasdaq are under some pressure heading into the open of this holiday-shortened trading week. Despite slipping Friday, all three stock benchmarks posted solid weekly gains.

2. Jim and “Mad Money” are in Detroit for all things Ford (F) with CEO Jim Farley, covering everything from Ford Blue to Ford Pro to Ford Model e (electric vehicles). They’ll also talk about balancing legacy internal combustion engine vehicles (ICE) and EVs as well as the Club name’s supercharger partnership with Elon Musk and Tesla (TSLA).

3. Bank of America adds Club stock Amazon (AMZN) to its US 1 list. Keeps buy rating and $154-per-share price target.

4. Evercore ISI raises its price target on Club holding Nvidia (NVDA) to $550 per share from $500. The analysts think earnings per share (EPS) can get to around $30 in fiscal 2027 as its GPU-accelerated server platform increases from the mid-single digits today to 20%.

5. Yet another outlook cut in the bioproduction industry. Last Friday, Sartorius lowered its ex-Covid outlook from high single-digit growth to a high single-digit to low teen decline. Still too much inventory in the system. Adds more uncertainty to an already problematic group….



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