Jim Cramer’s top 10 things Monday: Stocks, Elon Musk, Amazon

My top 10 things to watch Monday, Dec. 19, 2022 1. US stock futures point to a modestly higher open after Wall Street declined for a second straight week — the first time that’s happened since September. The hawkish tone from the Fed was to blame. 2. Morgan Stanley’s Mike Wilson sees the S&P 500 going as low as 3,000 next year. That would be 22% below Friday’s close. 3. Waiting for the SEC sweep of all crypto exchanges and platforms, as those who have fought it caved after Sam Bankman-Fried. The former crypto billionaire won’t fight US extradition. 4. Shares of Tesla (TSLA) rally in the premarket after the majority in a Twitter poll think Elon Musk should step down as CEO from the social network. Musk created the Twitter poll and said he’d stand by its results. Lost interest? Bankruptcy filing? Oppenheimer downgrades Tesla to perform from outperform (hold from buy) on Twitter-related risks. 5. Club holding Microsoft (MSFT) names as a top pick for 2023 by Morgan Stanley. Analysts see the software and cloud giant as a “main beneficiary of consolidating software spend,” adding it looks ready for “accelerating EPS growth. 6. Needham raises its price target on Club holding Nvidia (NVDA) to $230 per share from $200; cites 7. Club holding Amazon (AMZN) price target cut to $150 per share from $170 at Evercore ISI. Analysts there reduce estimates but still keep an outperform (buy) rating on the stock. We’re adding to Our Amazon position Monday. 8. Oil back up to $75 per barrel. Time to buy our oil stocks back. On Friday, we added shares of Halliburton (HAL) and see others as good buys, too. Piper has an odd number cut on Exxon (XOM), not a Club stock, even though very positive 9. Jefferies upgrades Moderna (MRNA) to a buy from hold. Analysts there also increase their price target to $275 per share from $170. Citi raises price target on Dela Air Lines (DAL) to $59 per share from $55; keep s buy rating. Analysts cite favorable fuel, seat miles, and international status. (See here for a full list of the stocks in 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. My top 10 things to watch Monday, Dec. 19, 20221. US stock futures point to a modestly higher open after Wall Street declined for a second straight week — the first time that’s happened since September. The hawkish tone from the Fed was to blame.2. Morgan Stanley’s Mike Wilson sees the S&P 500 going as low as 3,000 next year. That would be 22% below Friday’s close.3. Waiting for the SEC sweep of all crypto exchanges and platforms, as those who have fought it caveat after Sam Bankman-Fried. The former crypto billionaire won’t fight US extradition.

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