My top 10 things to watch Tuesday, May 5 1. Stocks are headed for a higher open, supported by falling oil prices. Strong corporate earnings and a fragile ceasefire agreement between the U.S. and Iran are in focus. Yesterday was a down day for the S & P 500 after the United Arab Emirates said it was attacked by Iran. 2. DuPont reported a top and bottom line beat. Healthcare, aerospace, and automotive were good. But water was hurt by disruptions in the Middle East, a major market for clean-water technology. Organic sales guide for the year were raised to 4%, helped by 1% of price increases. Good sign they’re able to offset cost headwinds. Shares of the Club name are up 2% this morning. 3. Eaton also posted beats on earnings and revenue. But the Club stock are selling off roughly 4.5% due to conservative guidance and a miss in Electrical Americas. Nonetheless, we got accelerating sales and orders, and backlog growth. Hot money selling shares, but this doesn’t look as bad as the price action. The post-earnings call will be crucial. It starts at 11 a.m. ET. We’ll be listening. 4. Amazon wants to win in retail, delivery, health, logistics, semiconductors, and food. This Club name has a big agenda. Yesterday, Amazon said it was opening up its supply chain network to other companies. They already have big-name customers for the program too like Club name Procter & Gamble , as well as American Eagle and 3M . 5. Memory shortage stocks still have to go higher. It’s difficult to imagine, but stocks do gallop to where they should be. Sandisk adds another 2% this morning after yesterday’s nearly 6% gain. Year to date, Sandisk shares have soared more than 400%. Similar story for Western Digital, though that stock is up only 150%-plus in 2026. Like more than a double is lagging or something. Unreal. 6. Home Depot reinstated as a buy at Bank of America. The Club name is their preferred stock within the home improvement group. BofA thinks comp growth will outperform and traffic trends will hold up well versus rivals. This is our play on lower rates. It’s been a dog in 2026 though. Shares are down over 9% year to date versus the S & P 500’s roughly 5% gain. 7. Cruise ships under fire: Norwegian Cruise Line delivered a bigger than expected guidance cut on softer pricing. The company blames below optimal booking on execution problems, amplified by the Mideast conflict discouraging European trips. Goldman Sachs lowered its price target to $14 from $18. 8. Barclays raised its price target on Eli Lilly to $1,400 from $1,350, citing first-quarter results and Lilly’s “strong tirzepatide momentum.” Monster quarter where Lilly really knocked it out of the park. Not only did it beat on the top and bottom lines but the drugmaker hiked its full-year guidance. One of the greatest pharma stories. 9. ServiceNow got a price target lift to $134 from $132 at Barclays. The verdict from yesterday’s investor event? Barclays thinks the company “did all it could do to increase confidence,” pointing to plenty of AI product innovation. It has not been an easy year for ServiceNow or other enterprise software names like Club holding Salesforce . Both are down massively in 2026 on AI-driven disruption fears. 10. Ulta Beauty got an upgrade to buy from hold at Bank of America analysts. They think the recent slide in the stock “brought elevated investor expectations down to earth.” They kept their $685 price target, which was put on in early January. The reiterated PT now represents more than 30% upside to yesterday’s close. 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.
Jim Cramer’s top 10 things to watch in the stock market Tuesday
May 5, 2026
