Jim Cramer's top 10 things to watch in the stock market Monday
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My top 10 things to watch Monday, May 11 1. Usual oil price rally of 2%, which is standard now. Stocks are flat. Maybe that's what makes this such a standoff. U.S. …
My top 10 things to watch Monday, May 11 1. Usual oil price rally of 2%, which is standard now. Stocks are flat. Maybe that's what makes this such a standoff. U.S. refineries are now processing 16.3 million barrels per day (bpd) of crude, up from the average 13.5 million bpd. This is unsustainable, but helping, and refinery margins are immense as long as the Iran war drags on. 2. Barclays raised its PT on CoreWeave to $120 from $106. The firm viewed the AI infrastructure provider's earnings last week as strong, exceeding first-quarter revenue expectations. But guidance for the second quarter was light, pushing shares down 11%. My take? Revenue is clearly still growing, but operating expenses are growing even faster. I'm dying to know when that's going to change. 3. If you missed my Sunday column , I wrote about why it's not too late to buy some of the data center stocks that have been winning. None of the so-called really smart investors I speak to and watch on television are talking about the profits that are about to be made. 4. Corning gained 3.4% premarket after Bank of America added the stock to its "US 1 list," a collection of the firm's best investment ideas. Fellow Club names Apple , Nvidia , and Microsoft are also on the list. Corning was our top performer last week, up 18%, after the company announced a major supply agreement with Nvidia. 5. Barclays hiked its price target on Palo Alto Networks to $220 from $200, about 6% higher than Friday's closing level. …
Original source: CNBC Top News
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Jim Cramer · Nvidia · Barclays · JPMorgan · Iran war · Microsoft · CoreWeave · Bank of America · Palo Alto Networks · Wall Street Journal