My top 10 things to watch Monday, March 24 1. President Donald Trump’s planned round of reciprocal tariffs set to begin on April 2 may be more targeted than we thought, according to multiple media reports. While still lacking full clarity on Trump’s plans, the big winners, for now, are autos and tech hardware. 2. Wall Street is poised for a sharply higher open this morning thanks to those encouraging reports on tariffs. In my Sunday column for Investing Club subscribers , I explained why I’ve been willing to buy stocks in the face of all the recent negativity. 3. Melius Research upgraded Boeing to buy from hold after the airplane maker won the contract to make the Pentagon’s newest fighter jet. Analysts at Melius expect more positive news for Boeing ahead. I think this stock is at last turning around after that defense win. 4. Lockheed Martin , on the other hand, was downgraded by both Melius and Bank of America after losing the next-generation jet contract to Boeing. Shares are lower again this morning after dropping nearly 6% Friday. Bank of America worries the stock could be rangebound in response to the loss. 5. The gist of JPMorgan’s note on Netflix : Don’t sell the stock just because it has gone up so much already this year. There is more ahead. Analysts see Netflix as acting “relatively defensively” due to its strong engagement and the value of its subscription. I love subscription models: Not just Netflix, but also Spotify and Club names Costco and Amazon . 7. Big, big call here: Goldman Sachs downgraded server maker Super Micro to sell from hold after a 38% year-to-date rally for the stock. Analysts argued the risk/reward now looks unfavorable and cited concerns about competition and valuation. 8. Piper Sandler lowered its price target on Lowe’s and Home Depot to account for pressures on big-ticket spending and tariffs. The analysts kept their overweight buy rating on both stocks, though. This is not the time to go away from home-improvement stocks. We own Home Depot for the Club and have been buying shares into weakness. 8. James Hardie Industries announced plans to buy Azek , which makes TimberTech and other outdoor building products, for $8.75 billion. The cash-and-stock deal is a bet on the U.S. housing market and a positive sign for M & A activity. James Hardie shares are getting crushed on the news. 9. A wave of price target cuts for homebuilder Lennar after its earnings report Friday. Evercore ISI also downgraded the stock to a hold-equivalent rating from outperform. Barclays, which went to $110 a share from $121, said it’s worried about “cracks” in Lennar’s fundamentals. KB Home reports tonight . 10. Citigroup lowered its price targets across the banking sector, including Club names Goldman Sachs and Wells Fargo . Needless move. Bank of New York Mellon was the exception, with Citi going to $85 a share from $82. I like BNY Mellon a lot. 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.
The former Sears building at the Brea Mall is being turned into apartments, a fitness center, and outdoor gathering areas in Brea, CA on Friday, March 21, 2025.
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My top 10 things to watch Monday, March 24
1. President Donald Trump’s planned round of reciprocal tariffs set to begin on April 2 may be more targeted than we thought, according to multiple media reports. While still lacking full clarity on Trump’s plans, the big winners, for now, are autos and tech hardware.
3. Melius Research upgraded Boeing to buy from hold after the airplane maker won the contract to make the Pentagon’s newest fighter jet. Analysts at Melius expect more positive news for Boeing ahead. I think this stock is at last turning around after that defense win.
