Jim Cramer’s top 10 things to watch in the stock market Tuesday
My top 10 things to watch Tuesday, Oct. 21 1. GE Aerospace raised its outlook across the board after a strong third quarter. While orders in the commercial engine segment rose 5%, it’s the services that stand out, with revenue rising 28%. Shares added about 2%. 2. Zions Bancorp , the regional lender at the epicenter of last week’s credit-quality scare, reported a terrific quarter. It was a victim of fraud. JPMorgan raised its price target to $62 a share from $58, saying it’s “relieved” that its bad loan exposure was contained. The stock added 1% in the premarket after rallying 4.65% yesterday ahead of last night’s print. 3. With its third-quarter results, Coca-Cola solidified its status as the best consumer packaged goods name. Operating income was very strong, and adjusted earnings per share of 82 cents beat estimates by 4 cents. Tremendous organic growth, up 6%. The stock rose more than 2% this morning. 4. General Motors turned in a sharply better-than-expected quarter: revenue, EPS and adjusted operating income all trounced the consensus. The automaker also lowered its estimated tariff impact for the year by $500 million, putting its new range at $3.5 billion to $4 billion. Shares soared more than 11% in the premarket. 5. RTX and 3M both reported much better-than-expected results, sending the pair of industrial stocks higher this morning. Across multiple sectors, the encouraging start to Q3 earnings season is good news for the market, because earnings are what drive stocks. 6. Cantor Fitzgerald started NuScale Power with a buy and a $55 price target, saying it will be a big winner in the nation’s energy transition. I find this hard to believe. This is one of these speculative nuclear stocks up big in 2025 on technology that is years away. 7. Morgan Stanley picked Spotify as a top pick in entertainment, reiterating its buy rating and $800 price target. The analysts cited the company’s new pricing structure, saying it is adding “significant value” on the free side and in its premium tiers. AI is also a tailwind, they said. 8. Mizuho lifted its price target on Broadcom to $435 from $430 and kept its buy rating. That implies about 25% upside from yesterday’s close. One of the Club’s favorite AI plays, Broadcom is already in the trillion-dollar market cap clique and it’s got custom chip orders from everyone. Mizuho believes Anthropic is Broadcom’s “mystery” $10 billion customer . 9. UBS cut its price target on Starbucks to $93 from $100, citing what analysts called “limited” progress on CEO Brian Niccol’s turnaround efforts. They think pressure on margins and earnings is likely to continue. This has been a disappointing Club stock, at least for the moment. I am still betting on Niccol. 10. JPMorgan put on a positive catalyst watch on used car retailer Carvana ahead of next week’s earnings. The analysts expect a beat and raise. Very interesting call, given everyone is worried about credit. JPMorgan thinks the concerns are overblown. 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.
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