Top 10 things to watch Monday, Dec. 30 1. Wall Street opened sharply lower open Monday following declines of more than 1% in the S & P 500 and Nasdaq last Friday during the holiday-shortened week. Bond yields dipped to start the new week but remain elevated, with the 10-year Treasury yield slightly under 4.6%. The market is closed Wednesday for New Year’s Day. 2. The Santa Claus rally arrived on time last week before vanishing. It looks like it won’t return to begin the new week. That, however, should have no bearing on how our stocks perform in the new year. Monday’s selloff in light volume was led by 2024 winners. 3. At the final Monthly Meeting, Jim Cramer revealed his 12 core stock holdings for 2025. We have been profiling each of them , including whether Nvidia can three-peat in the year ahead. We will continue to roll out these stories this week. We also put on a commentary on cheap stocks in the portfolio to buy . 4. BTIG technical analysts pointed out that Apple ‘s 2.56% gain last week was its fifth consecutive weekly gain of 2% or more. They point out that historically the one month return after such move “have been quite negative for the name.” The stock had a huge 2024, prompting us to take profits last Thursday. 5. The price of a barrel of West Texas Intermediate crude broke above $71 and hit highest level since Dec. 19. The price of natural gas surged more than 15% early Monday, nearing $4 per million British thermal units. Shares of our lone energy stock Coterra Energy were up almost 2%. 6. Both AT & T and Verizon were hit by cyberattacks but the companies said their networks are now secured. It may not be a great day for tech but cybersecurity leaders like Club names CrowdStrike and Palo Alto Networks haven’t lost their importance. 7. Former President Jimmy Carter died Sunday . He was 100 years old. President Joe Biden has declared it a day of mourning on Jan. 9, which means the U.S. stock market will be closed that day. The New York Stock Exchange and the Nasdaq held a moment of silence Monday morning. 8. Dow stock Boeing dropped more than 3% after a deadly Jeju Air crash over the weekend. South Korea has ordered inspections of all 737-800, the model involved in the crash. Wolfe Research said the crash has no readthrough to Boeing stock or the 737 MAX ramp. 9. UBS reiterated its buy rating and $1,040 price target on Netflix , saying additional sports rights, won over time, should provide the ability to raise prices and enhance advertising. We think the same can be said for Alphabet’s YouTube, which we recently wrote about . Alphabet is a Club stock. 10. Next year’s highly anticipated launch of Take-Two Interactive’ s Grand Theft Auto VI is expected to break records with pre-orders exceeding $1 billion, according to the Financial Times. 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.
Top 10 things to watch Monday, Dec. 30
1. Wall Street opened sharply lower open Monday following declines of more than 1% in the S&P 500 and Nasdaq last Friday during the holiday-shortened week. Bond yields dipped to start the new week but remain elevated, with the 10-year Treasury yield slightly under 4.6%. The market is closed Wednesday for New Year’s Day.
2. The Santa Claus rally arrived on time last week before vanishing. It looks like it won’t return to begin the new week. That, however, should have no bearing on how our stocks perform in the new year. Monday’s selloff in light volume was led by 2024 winners.
3. At the final Monthly Meeting, Jim Cramer revealed his 12 core stock holdings for 2025. We have been profiling each of them, including whether Nvidia can three-peat in the year ahead. We will continue to roll out these stories this week. We also put on a commentary on cheap stocks in the portfolio to buy.
