My top 10 things to watch Monday, Oct. 20 1. Wall Street was poised to add to Friday’s rally on a continued easing of credit concerns and China trade tensions. In fact, the S & P 500 rose 1.7% last week. Earnings season ramps up this week, with five Club names reporting quarterly results, including AI power play GE Vernova . 2. The government shutdown has entered week four. However, White House Economic Advisor Kevin Hassett said this morning the shutdown could end this week . If it doesn’t end, the Trump administration may have to use “stronger measures” to force Democrats’ hands. 3. Zions and Western Alliance were really the only ones with bad loans. So, the losses in regional banks last week were idiosyncratic. At the high end of the consumer, American Express earnings were extraordinary. This week, Club name Capital One reports its quarter. 4. Is Apple getting its groove back? We thought big after my trip to Corning in Kentucky . Now, they are all coming into play. Melius sees sales better than expected; China better than expected; and new Siri in March. Evercore adds Apple to tactical buy list. Loop upgrades Apple on material upside. Bloomberg reports new iPhones are outselling last year’s model by 14%. 5. Barclays downgraded custom chipmaker Marvell Technology to hold from buy, citing less robust business than expected. This is a big negative call. Yet, the analysts said it should be good until end of year. They are worried longer term about competition from Club name Broadcom . It was all about AI when I was in San Francisco last week. In my Sunday column , I outlined 10 takeaways from talking to tons of CEOs, including Salesforce’s annual Dreamforce event, which showed Agentforce is working, just not the way some may think. 6. Rare earths day. The group was up after Australia offered President Donald Trump a fix for China’s export curbs. William Blair started USA Rare Earth stock with a buy. Shares already up more than 140% were adding another 7% this morning. 7. Amazon Web Services experienced a major outage Monday. Numerous big websites were down, though many are showing signs of recovery. AWS cited an “operational issue” affecting “multiple services.” Airline websites were disrupted, causing issues at check-in for many travelers. It’s been a tough year for Club holding Amazon . 8 . Boeing won regulatory approval to raise 737 production to 42 a month, its highest rate in nearly two years. In January 2024, the FAA restricted the plane maker to 38 a month after a door panel from a 737 Max 9 blew out midair. We initiated a position in Boeing in September on the thesis that the company is one of the biggest winners from the Trump administration’s trade deals with other countries that are looking to reduce deficits with the United States. 9 . KeyBanc cut its price target on Chipotle to $52 from $58; the stock has lost its mojo. Meanwhile, the firm raised its PT for Applebee’s parent company Dine Brands to $32 from $26. That seems unreasonable given how weak this group has been. In casual dining, we own Texas Roadhouse . 10 . Goldman Sachs starts coverage of Mediterranean fast-casual restaurant Cava with a hold, citing near-term uncertainties. The firm upgraded Darden to a buy from hold, citing market share gains. This is the only one anybody likes. 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.
