My top 10 things to watch Monday, Dec. 16 1. Club name Honeywell said it is weighing a separation of its aerospace business split, exactly what activist investor Elliott wants. Would be huge for us. Another update on Honeywell’s strategic review will come alongside its fourth-quarter earnings release. Shares rose more than 3% Monday. 2. Is the market hostage to absurd growth plays like Palantir, Applovin and even bitcoin? In my Sunday column for Club subscribers, I explored this idea. Think about the new additions to the Nasdaq 100 . It’s not just Palantir and corporate bitcoin holder MicroStrategy . A third one, Axon Enterprise , trades north of 100 times forward earnings. We’ll discuss this more during our December Monthly Meeting for Club members on Thursday at noon ET. 3. President-elect Donald Trump’s tariffs pledges are increasingly the only thing that business people will talk about, especially the potential for higher levies on goods coming into the U.S. from Mexico. That has been a particularly potent overhang on shares of Club holding Constellation Brands , which makes Corona and Modelo beer. 4. Jefferies upgraded key Club name Bristol-Myers Squibb to a buy rating from hold and hiked its price target $70 a share from $63. Analysts argue that Bristol’s new treatment for schizophrenia, Cobenfy, can become a $10-billion-plus drug. Cobenfy is at the heart of our investment thesis . Shares added more than 1% Monday. 5. Broadcom still has legs, even after Friday’s 24% post-earnings surge. The Club stock up is nearly 3% Monday. A number of analysts increased their price targets on the AI chipmaker after its big jump — typical to see that. Interestingly, it looks like Micron is coming along with Broadcom: After adding 4% Friday, the memory chipmaker is up over 3% Monday. 6. Nvidia shares are struggling to gain traction in the wake of Amazon ‘s custom AI chip announcement earlier this month. Amazon’s chip is not as good as Club name Nvidia’s next-generation Blackwell platform, but I’m conscious that Nvidia (and fellow portfolio stock AMD ) will not bottom until the hoopla for the Amazon chip dies down. We also own Amazon for the Club. 7. ConocoPhillips , already a Wall Street favorite among the oil majors, picked up bullish calls at Morgan Stanley and Mizuho. The former initiated coverage with a buy-equivalent rating, while the latter upgraded the stock to a buy from neutral. Mizuho also named Club holding Coterra Energy one of its top picks for 2025 and upped its PT to $40 a share from $37, a 58% premium to Friday’s close. 8. November retail sales in China missed expectations and slowed month over month. Beijing can’t ignite the economy despite its stimulus efforts. Policymakers haven’t unleashed stimulus for the medical technology space yet, which is a natural source of growth. That’s why Club name Danaher has been a soft stock. 9. Nike , which has significant exposure to the Chinese consumer, reports after the close Thursday . Analysts at Deutsche Bank, Evercore ISI and Wells Fargo lowered their price targets on the stock. Evercore and Wells also cut their estimates. Still, I think Wall Street wants to embrace this one. It’s been ugly. Shares are down 36.5% over the past 12 months. 10. Rosenblatt lifted its price target on Disney to $132 a share from $125 on the belief that growth can inflect for this Club name. A rosier growth outlook means Disney shares should be valued higher, analysts argued. A re-rating would be great news for the stock, which is up 10% since its strong earnings report last month. 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.
An aircraft engine is being tested at Honeywell Aerospace in Phoenix.
Alwyn Scott | Reuters
My top 10 things to watch Monday, Dec. 16
1. Club name Honeywell said it is weighing a separation of its aerospace business split, exactly what activist investor Elliott wants. Would be huge for us. Another update on Honeywell’s strategic review will come alongside its fourth-quarter earnings release. Shares rose more than 3% Monday.
2. Is the market hostage to absurd growth plays like Palantir, Applovin and even bitcoin? In my Sunday column for Club subscribers, I explored this idea. Think about the new additions to the Nasdaq 100. It’s not just Palantir and corporate bitcoin holder MicroStrategy. A third one, Axon Enterprise, trades north of 100 times forward earnings. We’ll discuss this more during our December Monthly Meeting for Club members on Thursday at noon ET.
3. President-elect Donald Trump’s tariffs pledges are increasingly the only thing that business people will talk about, especially the potential for higher levies on goods coming into the U.S. from Mexico. That has been a particularly potent overhang on shares of Club holding Constellation Brands, which makes Corona and Modelo beer.
