My top 10 things to watch Monday, April 21 1. Tesla is among the many influential companies reporting earnings this week . Wedbush’s Dan Ives says the EV maker is facing a “code red situation” if CEO Elon Musk stays in Washington at the Department of Government Efficiency. Tesla’s numbers are due out tomorrow night. 2. White House economic adviser Kevin Hassett said Friday that President Donald Trump is studying whether he can fire Powell. Powell has said the law is clear he cannot be fired or demoted, but does that matter? Can anyone be fired? 3. Stocks are set to open lower this morning after a losing week. The 10-year Treasury yield rose, the U.S. dollar index fell to a three-year low, and gold hit another record high. Wall Street is looking for progress on trade deal talks, but not much concrete yet. 4. China’s latest trade war moves: Beijing said it will retaliate against countries that sign trade deals with the U.S. that come “at the expense of China’s interests.” Also, Chinese state-backed funds are retreating from investing in U.S. private equity, although it’s not clear how much they were in PE. 5. Raymond James downgraded Club name Amazon to an outperform rating from “strong buy,” citing operating income pressures. I see Amazon as the cheapest place to buy things, and it has cloud service AWS. We recently added to our position for the Club. 6. DA Davidson took Salesforce to an underperform sell rating from neutral, saying it is neglecting its core products in favor of AI. Devastating downgrade, but the Club stock has been doing down forever. 7. Multiple price-target bumps for sainted Netflix after earnings last week. KeyBanc went to $1,070 a share from $1,000. JPMorgan went to $1,150 from $1,025. The streaming giant can do no wrong whatsoever. 8. The remedy phase of Google’s search monopoly case kicks off today, a few days after the company lost another antitrust case. The latest defeat was about its online ad business. On Thursday on “Mad Money,” I spoke with the former Justice Department official who brought the ad lawsuit. 9. Huawei is readying mass shipments of its new AI chip in China. This technically ups the competition for Club name Nvidia in the Chinese market, but Nvidia is no longer able to sell its made-for-China H20 chip anyways. 10. A round of price-target cuts for UnitedHealth after it lowered its earnings guidance last week. KeyBanc went to $575 a share from $650. Barclays went to $560 from $642. Of course, both analysts kept overweight buy ratings on the stock. Nobody wants to downgrade this one. 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.
In an aerial view, brand new Tesla cars sit parked in a lot at a Tesla showroom on April 2, 2025 in Corte Madera, California.
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My top 10 things to watch Monday, April 21
1. Tesla is among the many influential companies reporting earnings this week. Wedbush’s Dan Ives says the EV maker is facing a “code red situation” if CEO Elon Musk stays in Washington at the Department of Government Efficiency. Tesla’s numbers are due out tomorrow night.
2. White House economic adviser Kevin Hassett said Friday that President Donald Trump is studying whether he can fire Powell. Powell has said the law is clear he cannot be fired or demoted, but does that matter? Can anyone be fired?
3. Stocks are set to open lower this morning after a losing week. The 10-year Treasury yield rose, the U.S. dollar index fell to a three-year low, and gold hit another record high. Wall Street is looking for progress on trade deal talks, but not much concrete yet.
