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

My top 10 things to watch Tuesday, April 15 1. Wall Street is headed for a muted open this morning after back-to-back advances for the S & P 500 . The index is still 4.7% below where it closed April 2, the day President Donald Trump announced his “reciprocal” tariffs. 2. The Dow is the weakest of the indexes in the premarket, and Boeing is a big reason why. Its shares are getting hit on a Bloomberg News report that China told its airlines to stop taking deliveries of Boeing planes in response to Trump’s tariffs. 3. Bank of America’s first-quarter results topped expectations thanks to beats on interest income and trading revenue, sending shares up nearly 2% this morning. Citigroup also beat on the top and bottom lines. 4. Multiple price-target cuts on Club name Goldman Sachs despite its better-than-expected quarter yesterday. I really like the stock here, even with a sluggish investment banking environment. Barclays went to $720 a share from $760. Keefe Bruyette lowered its PT to $585 from $600. 5. Barclays is the latest shop to downgrade General Motors , taking the stock to a hold-equivalent rating from overweight to account for the earnings pressure from tariffs. Has anyone noticed that despite a bunch of downgrades since April 2, GM stock has actually held up better than the overall market? 6. Baird cut its price target on GE Vernova to $387 a share from $448, but kept an overweight buy rating on the stock. Analysts are worried about a “muted” outlook for the second half of the year due to economic uncertainty. The formerly red-hot data center stocks have cooled off. 7. Wells Fargo downgraded Howmet Aerospace to equal weight from a buy-equivalent rating on a belief that a global economic slowdown is bad for both aerospace manufacturers and aftermarket companies. Interestingly, though, analysts upped their price targets for GE Aerospace and RTX . 8. HCA Healthcare was downgraded to a hold-equivalent neutral from outperform at Baird. Analysts are worried that there are few incremental buyers for the hospital and health insurance stocks until policy uncertainty is resolved. 9. Bank of America downgraded PepsiCo to neutral from buy and lowered its price target to $155 a share from $185. This is a big call considering how low the stock already is — at roughly $147. 10. Dow Inc. was double downgraded to an underperform sell rating from buy at BofA. Analysts warned that both Dow’s earnings and dividend are at risk due to a weaker macro, trade tensions and higher costs. BofA did upgrade Club peer DuPont to neutral from underperform. 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 Bank of America ATM on July 16, 2024 in Austin, Texas.

Brandon Bell | Getty Images

My top 10 things to watch Tuesday, April 15

1. Wall Street is headed for a muted open this morning after back-to-back advances for the S&P 500. The index is still 4.7% below where it closed April 2, the day President Donald Trump announced his “reciprocal” tariffs.

2. The Dow is the weakest of the indexes in the premarket, and Boeing is a big reason why. Its shares are getting hit on a Bloomberg News report that China told its airlines to stop taking deliveries of Boeing planes in response to Trump’s tariffs.

3. Bank of America’s first-quarter results topped expectations thanks to beats on interest income and trading revenue, sending shares up nearly 2% this morning. Citigroup also beat on the top and bottom lines.

4. Multiple price-target cuts on Club name Goldman Sachs despite its better-than-expected quarter yesterday. I really like the stock here, even with a sluggish investment banking environment. Barclays went to $720 a share from $760. Keefe Bruyette lowered its PT to $585 from $600.

5. Barclays is the latest shop to downgrade General Motors, taking the stock to a hold-equivalent rating from overweight to account for the earnings pressure from tariffs. Has anyone noticed that despite a bunch of downgrades since April 2, GM stock has actually held up better than the overall market?

6. Baird cut its price target on GE Vernova to $387 a share from $448, but kept an overweight buy rating on the stock. Analysts are worried about a “muted” outlook for the second half of the year due to economic uncertainty. The formerly red-hot data center stocks have cooled off.

7. Wells Fargo downgraded Howmet Aerospace to equal weight from a buy-equivalent rating on a belief that a global economic slowdown is bad for both aerospace manufacturers and aftermarket companies. Interestingly, though, analysts upped their price targets for GE Aerospace and RTX.

8. HCA Healthcare was downgraded to a hold-equivalent neutral from outperform at Baird. Analysts are worried that there are few incremental buyers for the hospital and health insurance stocks until policy uncertainty is resolved.

9. Bank of America downgraded PepsiCo to neutral from buy and lowered its price target to $155 a share from $185. This is a big call considering how low the stock already is — at roughly $147.

10. Dow Inc. was double downgraded to an underperform sell rating from buy at BofA. Analysts warned that both Dow’s earnings and dividend are at risk due to a weaker macro, trade tensions and higher costs. BofA did upgrade Club peer DuPont to neutral from underperform.

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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