My top 10 things to watch Wednesday, May 14 1. Can the Coinbase , Applovin and Palantir rally co-exist with the S & P 500’s comeback? The new retail leadership or the old standbys? The broad-based index moved into positive territory for 2025 yesterday, after the U.S. and China on Monday announced a 90-day reduction on tariffs. 2. Barclays raised its price target on On Holding to $68 from $52, kept its buying rating. The sneaker and apparel maker delivered another impressive quarter and is taking big share from Nike . CEO Martin Hoffman told me last night that On is in a really strong position to handle any tariff pressures. He also said the company had its strongest month ever in April. Stifel, KeyBanc and Baird also raised PTs. 3. Wayfair cut to sell from hold at Loop Capital on uncertainty related to tariffs, says investors should avoid the online retailer of furniture and home goods. This one has nine lives. I would be careful about shorting it. 4. Barclays goes to $90 a share from $85 on Johnson Controls . If you like this, buy Club names Eaton and Dover , especially after the latter announced its intent to buy German-based company Sikora for $622 million to further its data center ambitions. Dover also has a lot of extra capital to weather a downturn. 5. UnitedHealth was downgraded to hold from a strong buy at Raymond James. Yesterday, the company suspended its 2025 outlook and said CEO Andrew Witty is stepping down for personal reasons. Oppenheimer, KeyBanc, Baird, Deutsche Bank and Morgan Stanley cut their PTs on the stock. Shares are up about 2% after diving more than 18% yesterday. 6. AbbVie was downgraded to a hold from buy at Citi. The analysts noted that while the company’s fundamentals remain strong, the stock could get hit by quarterly surprises, especially as investors focus on its “comparatively lighter” late-stage pipeline versus its biopharma peers. 7. American Eagle is a disaster and has been for some time. The clothing retailer pulled its outlook for the year after posting disappointing preliminary first-quarter results . The stock is down 11% in the premarket this morning. 8. Citi lowered its price target on Lowe’s to $253 a share from $269, ahead of one of the biggest weeks of the year for gardeners. Very strange call. 9. TJX price target raised to $120 from $115 at Wells Fargo, says it re-scrubbed its models and updated estimates after China tariffs were lowered. What the heck? 10. BofA raised its price targets on Club name Nvidia and Advanced Micro Devices after the chipmakers separately announced multi-year AI infrastructure projects with Saudi company Humain. Full stack and ready for sovereign AI . Both stocks are up around 3% this morning after big moves yesterday. 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.
A logo behind a shoe display in the On Labs flagship store, operated by On Holdings AG, in Zurich, Switzerland, on March 21, 2023.
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My top 10 things to watch Wednesday, May 14
1. Can the Coinbase, Applovin and Palantir rally co-exist with the S&P 500’s comeback? The new retail leadership or the old standbys? The broad-based index moved into positive territory for 2025 yesterday, after the U.S. and China on Monday announced a 90-day reduction on tariffs.
2. Barclays raised its price target on On Holding to $68 from $52, kept its buying rating. The sneaker and apparel maker delivered another impressive quarter and is taking big share from Nike. CEO Martin Hoffman told me last night that On is in a really strong position to handle any tariff pressures. He also said the company had its strongest month ever in April. Stifel, KeyBanc and Baird also raised PTs.
3. Wayfair cut to sell from hold at Loop Capital on uncertainty related to tariffs, says investors should avoid the online retailer of furniture and home goods. This one has nine lives. I would be careful about shorting it.
