My top 10 things to watch Tuesday, July 22 1. Coca-Cola topped estimates for second-quarter earnings per share. Organic growth of 5% beat expectations. I liked the quarter, though it wasn’t perfect. It also said it will release a version of Coke made with cane sugar in the U.S. this fall. President Donald Trump said last week he spoke to Coke about this. 2. General Motors beat on earnings and sales, while also reaffirming the revised full-year guidance it provided in May. GM’s margin in North America dropped 44% from a year ago as tariffs squeezed profitability. Shares fell 3% this morning. CEO Mary Barra is still doing a great job. 3. Wall Street is tracking for a muted open after the S & P 500 and tech-heavy Nasdaq ended yesterday’s session at another record close. The S & P 500 is on pace for its third positive month in a row. 4. Stifel raised its price target on Google parent Alphabet to $218 a share from $200, implying nearly 15% upside. Alphabet is reporting earnings tomorrow night, among the first “Magnificent Seven” companies to do so. 5. Tesla , a fellow Mag 7 traveler, also reports tomorrow night. A JPMorgan analyst spent a full day using Tesla’s robotaxi service in Austin, Texas, and said he felt safe and had an overall solid experience. 6. Shares of Club name Danaher dropped more than 3% despite earnings and sales beating estimates. The life sciences firm also upped its full-year EPS guidance. We trimmed our position yesterday to guard against a potential post-earnings decline in the stock. 7. RTX reported a typically great quarter, with top and bottom line beats and its backlog growing 15%. I expect some profit-taking in the stock, which is up 31% year to date. The owner of Collins Aerospace and Raytheon did lower its full-year EPS guide, factoring in tariff impacts. 8. JPMorgan’s Matt Boss downgraded Lululemon to a hold-equivalent neutral rating from overweight on seasonal product challenges. Boss also took his price target to $224 from $303, which is less than $1 above where the stock closed yesterday’s session. 9. The $500 billion AI data center project known as Stargate has struggled to get off the ground, The Wall Street Journal reported last night . The initiative, led by OpenAI and Softbank, has not completed a single deal for a data center yet, the paper said. 10. KeyBanc upgraded Cleveland-Cliffs to a buy rating from hold following its second-quarter report. Analysts see a better risk/reward in the name now. CEO Lourenco Goncalves told me on “Mad Money” that he’s expecting a surge in U.S. auto production, boosting steel demand. 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.
