Jim Cramer’s key 10 points to observe in the stock market on Monday

Market Updates and Corporate Developments

On Monday, August 11th, a number of key updates are set to unfold in the markets. Ben Leitz from Merius Research has lowered Adobe’s rating from hold to sell. He also pointed out that companies like Atlassian and Salesforce may face significant challenges ahead, though it’s unclear just how bad it could get.

In another development, reports suggest the US government intends to reduce sales of NVIDIA and AMD chips to China by 15%. This move is supposedly designed to secure Washington’s approval for export licenses. It raises the question: is this an assertion of authority over China? NVIDIA’s stock dipped slightly this morning following the news.

Meanwhile, Intel’s CEO Lip-Bu Tan is reportedly set to meet President Trump at the White House today. One wonders if Tan can dissuade the President from his calls to have him replaced. Tan’s venture capital firm has invested in both American and numerous Chinese companies, which adds another layer to the conversation.

As Wall Street prepares for the day’s trading, it’s approaching cautiously, particularly after last week’s gains. I delved into the factors influencing these movements in my Sunday column for investing club subscribers.

Under Armour is facing revenue target cuts from firms including UBS. Analysts maintaining a buy rating are acknowledging that current tariffs are impacting apparel manufacturers adversely. Still, many are optimistic about a potential turnaround next year, although City is taking a more cautious approach.

Deutsche Bank has also revised its price target for Eli Lilly down from $1,010 to $900 but continues to recommend a buy rating. The disappointing news surrounding Lilly’s obesity medication hit hard, with shares dropping another 2% after a 14% fall on the previous day.

Susquehanna has slashed Fortinet’s price target from $110 to $80 following a lackluster revenue report. In contrast, Club holdings like CloudStrike and Palo Alto Networks are considered to be much stronger companies in the cybersecurity sector.

On a more positive note, shares of TKO Group and Paramount Skydance rose this morning after they made headlines with new media rights agreements. The SkyDance merger, for example, is reportedly paying $7.7 billion over seven years for UFC’s US broadcasting rights, marking a significant development.

Citi is optimistic about AI-focused provider CoreWeave before its earnings release and stock lockup expiration on Tuesday. Analysts believe CoreWeave’s solid foundation can withstand an influx of new shares into the market.

Lastly, Morgan Stanley has upgraded its rating on a beauty brand from equal weight to overweight, asserting that consensus profit expectations may be too conservative. The company’s growth across Sephora could provide a major boost to revenues.

For those interested, my Top 10 morning thoughts are available through our market email newsletter. It is important to note that I wait 45 minutes after issuing a trade alert before acting on stocks in the Charitable Trust portfolio. Similarly, if stocks are discussed on CNBC, a 72-hour waiting period follows the alert before executing any trades. This commitment is in line with our Terms of Use and Privacy Policy.