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

Published Tue, Apr 23 20248:44 AM EDT

My top 10 things to watch Tuesday, April 23 The S & P 500 and Nasdaq try for two in a row Tuesday, one day after breaking their six-session losing streaks. Earnings season marches on with generally positive results. Big Tech starts to report later this week: Meta Platforms after the close Wednesday; Microsoft and Alphabet after the bell Thursday. All Club names. Danaher reports better-than-expected numbers for the first time in a couple of years. Orders were strong for this Club stock. Shares of the life sciences and diagnostics company are up 7% on the news. Club name Honeywell reports earnings Thursday morning. General Motors beats on quarter revenue and earnings. Issues a big guidance raise. Shares are up more than 4%. Club name Ford shares are up another 2% on Tuesday, the morning after closing up 6% on Tesla EV price cuts. Ford reports earnings after the bell Wednesday. Cadence Design Systems ' quarter is muddled but readthrough to Club name Nvidia is positive; Piper Sander cuts Cadence price target to $318 per share from $334. The stock is down 6%. GE Aerospace is taking share. Quarterly beat and guidance raise. Travel remains front and center. All airlines need new planes. All airlines need more maintenance. Sees good defense. The stock is up 4%. United Parcel Service shares up less than 1% after the delivery giant reports better-than-expected quarterly earnings. Cost controls made up for soft demand. PepsiCo delivers better-than-expected earnings and revenue. Strong international. Volumes down but offset by price increases. The stock is down less than 1%. Barclays raises Procter & Gamble price target to $170 per share from $168. The analysts think latest quarter, similar to the prior one, felt better than muted expectations into the release. Citi raises Costco price target to $710 per share from $630. Keeps as hold. The analysts updated their model as the retailer enters the final few months of its fiscal year. Wells Fargo hikes Disney price target to $141 per share from $128. Parks are humming. We trimmed the Club name twice earlier this month out of discipline following its strong move higher during the Nelson Peltz proxy fight. 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.

My top 10 things to watch Tuesday, April 23

The S&P 500 and Nasdaq try for two in a row Tuesday, one day after breaking their six-session losing streaks. Earnings season marches on with generally positive results. Big Tech starts to report later this week: Meta Platforms after the close Wednesday; Microsoft and Alphabet after the bell Thursday. All Club names.
Danaher reports better-than-expected numbers for the first time in a couple of years. Orders were strong for this Club stock. Shares of the life sciences and diagnostics company are up 7% on the news. Club name Honeywell reports earnings Thursday morning.
General Motors beats on quarter revenue and earnings. Issues a big guidance raise. Shares are up more than 4%. Club name Ford shares are up another 2% on Tuesday, the morning after closing up 6% on Tesla EV price cuts. Ford reports earnings after the bell Wednesday.
Cadence Design Systems' quarter is muddled but readthrough to Club name Nvidia is positive; Piper Sander cuts Cadence price target to $318 per share from $334. The stock is down 6%.
GE Aerospace is taking share. Quarterly beat and guidance raise. Travel remains front and center. All airlines need new planes. All airlines need more maintenance. Sees good defense. The stock is up 4%.
United Parcel Service shares up less than 1% after the delivery giant reports better-than-expected quarterly earnings. Cost controls made up for soft demand.
PepsiCo delivers better-than-expected earnings and revenue. Strong international. Volumes down but offset by price increases. The stock is down less than 1%.
Barclays raises Procter & Gamble price target to $170 per share from $168. The analysts think latest quarter, similar to the prior one, felt better than muted expectations into the release.
Citi raises Costco price target to $710 per share from $630. Keeps as hold. The analysts updated their model as the retailer enters the final few months of its fiscal year.
Wells Fargo hikes Disney price target to $141 per share from $128. Parks are humming. We trimmed the Club name twice earlier this month out of discipline following its strong move higher during the Nelson Peltz proxy fight.

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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.