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

CNBC Finance

4 min read

My top 10 things to watch Tuesday, Jan. 20 1. Stocks were headed for a much lower open this morning after President Donald Trump threatened to slap tariffs on countries opposing the sale of Greenland to the United States. Trump said over the weekend that eight NATO members' U.S. imports could face higher tariffs until a deal is reached. Treasury yields spiked on fears about European dumping jack them up. Gold jumped 3% this morning. 2. Trump is showing the world that "the U.S. is back," Treasury Secretary Scott Bessent told CNBC today from Davos. Responding to questions about the president's bid to acquire Greenland, Bessent said, "This is what U.S. leadership looks like." Trump is set to address the economic forum in the Swiss ski town on Wednesday. 3. Melius' Ben Reitzes says Claude Opus 4.5, the AI model from Anthropic, has made it so easy to code in bespoke ways. It makes you wonder whether Software-as-a-Service (SaaS) stocks like Club name Salesforce , Adobe , ServiceNow , and Atlassian should be trading at single-digit earnings per share or not. Their products are too expensive compared to the homegrown ones. All you can eat buffets and monthly packages by the seat are under assault. 4. Citi lowered its price target on Club holding Apple to $315 from $330, and kept a buy rating on shares. Analysts say that rising memory chip costs could cause a pricing risk. I think the company can pass them on, though. After all, memory costs are a lot less than what Apple would have had to pay to have a smart AI Siri. The tech stock being down seven straight weeks has been excessive. 5. UBS raised Alphabet 's price target to $345 from $306. The Club stock's prior close was around $330 apiece, so it wasn't much of an increase. Analysts, who maintained a hold rating on shares, say that fourth-quarter forecasts for advertising-driven firms show slimmer beats. Deutsche Bank also hiked its price target on the Google parent to $370 from $340, and kept a buy rating. 6. Like Alphabet, UBS analysts took Club name Meta Platforms PT down to $830 from $915.Â The updated target still implies more than 47% upside from the stock's prior close. UBS similarly forecasts slimmer beats for the Facebook parent, citing the same fourth-quarter outlooks for ad-driven companies. 7. Is IBM becoming the new favorite big tech stock? Seems like it. Evercore ISI raised the firm's price target to $330 from $315, and added IBM to its "Tactical Outperform list" ahead of quarterly earnings later this month. For 2026, analysts expect management to initially guide to the lower end of their mid-single-digit target range, though. 8. JPMorgan took much-beloved ConocoPhillips , always the first to be upgraded, to hold from buy, citing lower crude prices. The analysts also started Chevron with a buy rating, cut numbers on Occidental Petroleum , and raised Exxon Mobil 's price target. Meanwhile, a cold snap and more winter storm potential sent natural gas surging more than 27% this morning, on pace for the biggest one-day gain since January 2022. 9. Texas Roadhouse was started with a buy rating at TD Cowen. During Thursday's Month Meeting for Club members at noon ET, we'll be talking about this Club stock as a precursor to the end of commodity inflation. The analysts called it the strongest of the full-service group. I say that it kept prices lower when others raised them. 10. Citi raised its Tapestry price target to $152 from $124, citing a strong holiday season. The analysts keep their buy rating on the luxury brands Coach and Kate Spade. This stock and Ralph Lauren are the most loved in the higher-end retail group. 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.

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

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