Jim Cramer’s top 10 things to watch in the stock market Monday

My top 10 things to watch Monday, July 24 1. Chevron (CVX) announced excellent preliminary second-quarter results on Sunday while extending CEO Mike Wirth’s contract. The second-largest US oil company announced a deal in May to expand its shale business with the acquisition of PDC Energy (PDCE), a deal worth $7.6 billion including debt. Chevron is scheduled to release its full second-quarter report on Friday. 2. Truist lowered the target price of club oil company Pioneer Natural Resources (PXD) from $220 to $196 per share on Monday, while maintaining a hold rating on the stock. Free cash flow is expected to decline by more than 50% for most exploration and production companies, such as Pioneer, given lower commodity prices, the company said. 3. Piper Sandler downgraded club name Estee Lauder (EL) to Neutral from a Buy equivalent rating on Monday. The firm also lowered its price target on the cosmetics company to $195 a share from $265. It’s the result of a seemingly never-ending decline of the Chinese consumer. 4. Deutsche Bank on Monday raised its price target on club holding Apple Inc. (AAPL) to $210 a share from $180, citing upside potential for the tech giant’s iPhone, Mac and services revenue. Apple is scheduled to announce its third-quarter results on August 3. 5. UBS on Monday downgraded electric car maker Tesla (TSLA) from “buy” to “hold,” noting that the company’s share price has “very limited” future upside. Still, the firm raised its price target on Tesla to $270 a share from $220. 6. Mizuho Bank on Monday raised the target price of Club Holdings Nvidia (NVDA) from $400 to $530 per share, while maintaining a buy rating on the stock. Analysts point to growing demand for generative artificial intelligence. 7. On Monday, in one of my favorite conference calls, KeyBanc raised its price target on Airbnb (ABNB) from $135 to $160 a share, citing a re-acceleration in travel spending. The firm reiterated its overweight or buy rating on Airbnb stock. 8. Mizuho raised Intel’s (INTC) target stock price from $30 per share to $33 on Monday, arguing that the semiconductor group’s price-earnings ratio has improved. The firm maintained a Neutral rating on the stock. 9. Raymond James (Raymond James) upgraded homebuilder DR Horton (DHI) to Outperform or Buy on Monday because of its “excellent” third-quarter earnings report. The firm has a $160 price target on DHI stock, noting an “impressive rebound” in homebuilding margins. 10. Wells Fargo on Monday downgraded Interpublic Group (IPG) from overweight to equal weight or neutral in response to the downturn at the end of the economic cycle. The company lowered its target price for IPG from $43 to $33 per share. (See here for a full list of stocks in the Jim Cramer Charitable Trust.) As a subscriber to Jim Cramer’s CNBC Investment Club, you will receive trade alerts before Jim makes them. Jim waits 45 minutes after a trade alert is sent before buying or selling stock in his charitable trust portfolio. If Jim talks about a stock on CNBC TV, he waits 72 hours after sending out a trade alert before executing the trade. The investment club information above is subject to our terms and conditions and privacy policy and our disclaimer. No fiduciary duty or obligation exists or arises upon your receipt of any information in connection with Investment Club. No specific results or profits guaranteed.

My top 10 things for Monday, July 24

1. Chevron (CVX ) announced strong preliminary second-quarter results on Sunday, while extending the contract of Chief Executive Officer Mike Wirth.The second-largest U.S. oil company announced a deal in May to expand its shale business through acquisitions PDC Energy (PDCE) deal valued at $7.6 billion including debt. Chevron is scheduled to release its full second-quarter report on Friday.

2. Truist cuts price target on club oil names on Monday Pioneer Natural Resources (PXD) rose to $196 from $220 a share, while maintaining a hold rating on the stock. Free cash flow is expected to decline by more than 50% for most exploration and production companies, such as Pioneer, given lower commodity prices, the company said.

3. Piper Sandler to downgrade club name on Monday Estee Lauder (EL) to Neutral, equal rating from Buy. The firm also lowered its price target on the cosmetics company to $195 a share from $265. It’s the result of a seemingly never-ending decline of the Chinese consumer.

4. Deutsche Bank hikes club holding price target on Monday apple Boost Apple Inc (AAPL) stock to $210 from $180 a share, citing upside to the tech giant’s iPhone, Mac and services revenue. Apple is scheduled to announce its third-quarter results on August 3.

5. UBS downgrades electric car maker on Monday tesla (TSLA) upgraded to hold from buy, noting that the company’s share price has “very limited” future upside. Still, the firm raised its price target on Tesla to $270 a share from $220.

6. Mizuho raised its price target on Club Holdings on Monday Nvidia (NVDA) rose to $530 from $400 a share while maintaining a Buy rating on the stock. Analysts point to growing demand for generative artificial intelligence.

7. KeyBanc raised its price target on Monday in a conference call I like Airbnb ABNB shares rose from $135 to $160 apiece as travel spending re-accelerated. The firm reiterated its overweight or buy rating on Airbnb stock.

8. Mizuho raised its target price on Monday Intel (INTC) rose to $33 a share from $30, citing an improvement in the semiconductor group’s price-to-earnings ratio. The firm maintained a Neutral rating on the stock.

9. Raymond James upgrades homebuilding firm on Monday Dr. Horton (DHI) outperformed, or buy on market performance, due to its “outstanding” third-quarter earnings results. The firm has a $160 price target on DHI stock, noting an “impressive rebound” in homebuilding margins.

10. Wells Fargo downgraded its rating on Monday Epei Group (IPG) from Overweight to Equal Weight or Neutral ahead of a late-cycle recession. The company lowered its target price for IPG from $43 to $33 per share.

(look here View a full list of Jim Cramer Charitable Trust stocks. )

As a subscriber to Jim Cramer’s CNBC Investing Club, you will receive trade alerts before Jim places them. Jim waits 45 minutes after a trade alert is sent before buying or selling stock in his charitable trust portfolio. If Jim talks about a stock on CNBC TV, he waits 72 hours after sending out a trade alert before executing the trade.

The investment club information above is subject to our terms and conditions, and Privacy Policy, together with our disclaimer. No fiduciary duty or obligation exists or arises upon your receipt of any information in connection with Investment Club. No specific results or profits guaranteed.

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