My Top 10 Things to Watch Monday, December 16 1. The Name of the Club Honeywell said it is weighing a spin-off of its aerospace business division, which is exactly what activist investor Elliott wants. It would be huge for us. Another update on Honeywell’s strategic review will come with its fourth quarter earnings release. Shares rose more than 3% on Monday. 2. Is the market hostage to absurd growth like Palantir, Applovin and even bitcoin? I explored this idea in my Sunday column for club subscribers. Think about the new additions to the Nasdaq 100. It’s not just Palantir and corporate Bitcoin holder MicroStrategy. A third, Axon Enterprise , trades north of 100 times forward earnings. We will discuss this further at the Club’s monthly December meeting at noon ET on Thursday. 3. President-elect Donald Trump’s tariff commitments are increasingly the only thing businesses will be talking about, especially the possibility of higher taxes on goods coming from Mexico to the US. That’s been particularly strong in addition to club shares in Constellation Brands, which makes Corona and Modelo beer. 4. Jefferies upgraded Bristol-Myers Squibb from a hold to a buy rating and raised its price target on the stock to $70 from $63. Analysts say Bristol’s new schizophrenia treatment, Cobenfy, could become a $10 billion-plus drug. Cobenfy is the core of our investment thesis. Shares added more than 1% on Monday. 5. Broadcom still has legs, even after Friday’s 24% post-earnings surge. Club stocks are up nearly 3% on Monday. Some analysts raised their price targets for the AI chipmaker after its big jump, which is a common sight. Interestingly, Micron seems to be on par with Broadcom: After adding 4% on Friday, the memory chip maker is up more than 3% on Monday. 6. Nvidia shares are struggling to gain traction in the wake of Amazon’s custom AI chip announcement this month. Amazon’s chip isn’t quite as good a name in the Club as Nvidia’s next-gen Blackwell platform, but I’m aware that Nvidia (and the AMD stock portfolio) won’t be in the background until the Amazon chip hype wears off. We also have a club Amazon. 7. ConocoPhillips, already a Wall Street favorite among oil majors, received calls from Morgan Stanley and Mizuho. The former initiated coverage with a buy-equivalent rating, while the latter upgraded the stock to buy from neutral. Mizuho also named Club holding Coterra Energy one of its top picks for 2025 and raised its PT to $40 from $37, a 58% premium to Friday’s close. 8. November retail sales in China missed forecasts and slowed month-on-month. Beijing is unable to revive the economy despite its efforts to revive it. Policymakers have yet to release stimulus for the medtech space, which is a natural source of growth. Hence the name of the Club has been Danaher soft stock. 9. Nike, which has significant exposure to the Chinese consumer, reported after the close on Thursday. Analysts at Deutsche Bank, Evercore ISI and Wells Fargo lowered their price targets on the stock. Evercore and Wells also cut their estimates. However, I think Wall Street wants to take this. It’s been ugly. Shares are down 36.5% over the past 12 months. 10. Rosenblatt raised his price target on Disney to $132 from $125 because he believed growth could drive the Club’s name. A more rosy growth outlook means Disney stock should be valued higher, according to analysts. A re-rating would be great news for the stock, which is up 10% since last month’s strong earnings report. Sign up for my free Top 10 Morning Thoughts on the Market email newsletter (See the full list of Jim Cramer’s Charitable Trust stocks here). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert. Before Jim made the trade. Jim waits 45 minutes after sending a trade alert before buying or selling a share in his charitable trust portfolio. If Jim has talked about a stock on CNBC TV, he will wait 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR SPECIFIC TERMS AND CONDITIONS AND PRIVACY POLICY, WITH OUR DISCLAIMER. NO FIDUCIARY OBLIGATION OR OBLIGATION SHALL BE CREATED, OR CREATED, FOR ANY INFORMATION ENTERED INTO WITH THE INVESTMENT CLUB. NO SPECIFIC RESULTS OR PROFITS ARE GUARANTEED.
An aircraft engine is being tested at Honeywell Aerospace in Phoenix.
Alwyn Scott | Reuters
Top 10 things to watch on Monday, December 16
1. Club name Honeywell said it is weighing a spin-off of its aerospace business division, which is exactly what activist investor Elliott wants. It would be huge for us. Another update on Honeywell’s strategic review will come with its fourth quarter earnings release. Shares rose more than 3% on Monday.
2. Is the market hostage to absurd growth like Palantir, Applovin and even bitcoin? In my Sunday column For club subscribers, I looked into this idea. Think about it Nasdaq 100. It’s not just Palantir and corporate bitcoin holders Microstrategy. a third, Axon EnterpriseIt trades north of 100 times forward earnings. We will discuss this further at the Club’s monthly December meeting at noon ET on Thursday.
3. President-elect Donald Trump’s tariff commitments are increasingly the only thing businesses will be talking about, especially the prospect of higher taxes on goods coming from Mexico to the US. That was it a particularly strong override In the shares of the Club holding company Constellation MarksBrewing Corona and Modelo beer.
