Jim Cramer’s top 10 things to watch in the stock market Monday

1. China stronger, housing, gold buying. February PCE, released on Friday when market was closed for holiday, not so bad. U.S. stocks modestly higher to start the second quarter.
2. More than half of the stocks in the S&P 500 hit new 52-week highs in the first quarter, leaving us to puzzle over how this all happened. I explored that in my Sunday column.
3. Wells Fargo makes Tesla a tactical underweight (sell) and predicts flat numbers. This comes on top of Tesla raising prices in China and hurting sales.
4. Natural gas spot prices are below zero at the Waha hub in the Permian in West Texas. Not enough takeaway capacity. Two weeks now.
5. Devon Energy to buy from hold at Wells Fargo. Re-rating, high grading efforts in the Delaware basin will help. Meanwhile, JPMorgan likes the refineries. They have had huge buybacks.
6. Wells Fargo analysts: Club name Amazon tactical idea. Positive revisions.
7. AT&T reset the passcodes of 7.6 million current users due to a leak. Adds to the case to buy cybersecurity stocks such as Club name Palo Alto Networks and CrowdStrike.
8. Club name Starbucks looks like it’s bottoming and Wells Fargo makes it a tactical buy.
9. Morgan Stanley hikes Delta price target to $85 per share from $77. Again, a re-rating.
10. Barclays likes Deckers, ON Holdings and Crox. Deckers, which owns the Hoka running brand, was one of the strongest in the first quarter.

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