My top 10 things to watch Monday, July 14 1. Kenvue sacked CEO Thibaut Mongon and named company director Kirk Perry interim CEO. Strategic review going on. Heidrick & Struggles is working to find a new chief executive. The company, which makes consumer health products including Tylenol, Neutrogena and Band-Aid, was spun off from former Club name Johnson & Johnson in 2023. Shares of Kenvue rose more than 3% in the premarket. 2. Melius Research started coverage of McDonald’s and Club name Starbucks with sell ratings. The firm said the value perception at McDonald’s has eroded and that Starbucks’ U.S. turnaround will take some time. Melius put buy ratings on Yum! Brands , Club stock Texas Roadhouse , Restaurant Brands and Dutch Bros , and holds on Chipotle , Darden , Domino’s Pizza , Cava Group and Wingstop . Yum is the firm’s top pick in the restaurant group. 3. You can still watch the Investing Club’s third annual meeting if you missed the livestream on Friday. You can also read my opening remarks on why investors need to separate their personal politics from investment decisions . 4. Ingersoll-Rand was downgraded to hold from buy at Melius, which said the diversified industrial company needs some tariff relief and that Trump’s new spending bill has added more uncertainty in the clean tech and health-care sectors. 5. Waters Corp , a maker of lab equipment, will merge with rival Becton, Dickinson and Company’s life sciences division, which produces diagnostic tools. The $17.5 billion deal doubles Waters’ total addressable market to $40 billion, with 5-7% annual growth. In addition, the companies forecasted $345 million in annualized EBITDA synergies by 2030. 6. Bernstein likes industrials, raising its price targets on Caterpillar (to $432 from $304) and Eaton (to $396 from $355). We reiterated Eaton as one of our 12 core holdings on Friday, noting that the industrial conglomerate remains a beneficiary of several secular trends, including the AI boom. 7. Citizens JMP downgraded Club stock Goldman Sachs to hold from buy. Goldman is one of four financial stocks it downgraded heading into the back half of 2025. We currently have a 2 rating on shares, which means we’d wait for a pullback before adding to the position. 8. Oscar Health goes to hold from buy at Piper Sandler, as Trump’s spending bill could mean many costs will no longer be covered by Medicaid. 9. Procter & Gamble downgraded to hold from buy at Evercore ISI, which also lowered its price target to $170 from $190. The company reports Q4 results on July 29. 10. UnitedHealth Group ‘s price target lowered to $342 from $374 at Morgan Stanley, which kept its buy rating. The analysts said the company’s new management will likely be conservative in its forecasts for 2025 and 2026. Separately, The New York Times over the weekend published an investigation of how UnitedHealth is using legal threats and lawsuits to quiet its critics. 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.
