My Top 10 Things to Watch Monday, May 11th 1. 2% increase in normal oil prices, which is now the norm. Stock prices are flat. Perhaps that’s what makes this such a conflict. U.S. refineries currently process 16.3 million barrels per day (bpd) of crude oil, an average of 13.5 million barrels per day. This is not sustainable, but as long as the Iran war drags on, the margins for the refineries will be huge. 2. Barclays increased PT on CoreWeave from $106 to $120. The company believes the AI infrastructure provider’s earnings last week were strong and exceeded its first-quarter earnings expectations. However, the outlook for the second quarter was bleak, and the stock price fell 11%. What is my opinion? Revenue is clearly still increasing, but operating expenses are increasing even faster. I’m dying to know when that will change. 3. In case you missed my Sunday column, I wrote about why it’s not too late to buy winning data center stocks. None of the so-called really smart investors that I talk to or see on TV talk about the profits that are coming from this. 4. Corning rose 3.4% premarket after Bank of America added the stock to its US 1 list of the company’s best investment ideas. Apple, Nvidia and Microsoft are also listed as names in the club. Corning’s top performance rose 18% last week after the company announced a major supply deal with Nvidia. 5. Barclays raised its price target on Palo Alto Networks to $220 from $200, about 6% above Friday’s closing price. Analysts are positive on the Cyber stock’s pricing ahead of next month’s third-quarter results, predicting potential upside for remaining performance obligations following strong organic checks. As a result, the company said the stock “could outperform throughout the summer heading into a seasonally strong fourth quarter.” 6. JPMorgan downgraded Wendy’s from holdover to sell. Analysts noted that U.S. same-store sales continue to decline, with limited visibility on how the fast food chain will meet its improvement guidance for the second half of 2026. JP Morgan also lowered Wendy’s PT by $1. The stock is down more than 3% premarket. 7. BofA prefers Madison Air, which has a high market share in niche HVAC. When it comes to bespoke custom deals, it competes with Modine, Vertiv, and Johnson Controls. The company expects its adjusted EBITDA, excluding future M&A, which is a key growth driver, to increase at a compound annual growth rate of 10% from 2025 to 2028. 8. JFrog’s price target was raised to $75 from Barclays’ $70. Is enterprise software back in style? The company last week reported strong first-quarter results on the back of growing demand for AI-driven software development tools and security. It also raised its outlook for this year. 9. KKR is injecting $300 million into an ailing private credit fund, buying $150 million in new convertible preferred stock and launching a tender offer to buy $150 million in common stock at $11, The Wall Street Journal reported. The fund reported a loss of $560 million in the first quarter. 10. Harley-Davidson stock was downgraded from $19 to $26 by UBS analysts, who said confidence in the motorcycle maker was the strongest in years. UBS cited near-term financial targets achievable in 2027, rate reduction headwinds, management’s commitment to growth and cost reductions. Sign up for free for my Top 10 Morning Thoughts on the Markets email newsletter (See here for a complete list of Jim Cramer Charitable Trust stocks.) As a subscriber to Jim Cramer’s CNBC Investment Club, you’ll receive trade alerts before Jim makes a trade. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in his charitable trust’s portfolio. If Jim talks about a stock on CNBC TV, he will issue a trade alert and then wait 72 hours before executing the trade. The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.
