My top 10 things to watch Monday, May 11 1. Usual oil price rally of 2%, which is standard now. Stocks are flat. Maybe that’s what makes this such a standoff. U.S. refineries are now processing 16.3 million barrels per day (bpd) of crude, up from the average 13.5 million bpd. This is unsustainable, but helping, and refinery margins are immense as long as the Iran war drags on. 2. Barclays raised its PT on CoreWeave to $120 from $106. The firm viewed the AI infrastructure provider’s earnings last week as strong, exceeding first-quarter revenue expectations. But guidance for the second quarter was light, pushing shares down 11%. My take? Revenue is clearly still growing, but operating expenses are growing even faster. I’m dying to know when that’s going to change. 3. If you missed my Sunday column , I wrote about why it’s not too late to buy some of the data center stocks that have been winning. None of the so-called really smart investors I speak to and watch on television are talking about the profits that are about to be made. 4. Corning gained 3.4% premarket after Bank of America added the stock to its “US 1 list,” a collection of the firm’s best investment ideas. Fellow Club names Apple , Nvidia , and Microsoft are also on the list. Corning was our top performer last week, up 18%, after the company announced a major supply agreement with Nvidia. 5. Barclays hiked its price target on Palo Alto Networks to $220 from $200, about 6% higher than Friday’s closing level. The analysts like the cyber stock’s setup ahead of third-quarter earnings next month, forecasting potential upside in remaining performance obligations following strong organic checks. As a result, shares “could outperform through the summer heading into a seasonally strong 4Q,” the firm said. 6. Wendy’s downgraded to sell from hold over at JPMorgan. Analysts pointed to the continued decline in U.S. same-store sales, with limited visibility into how the fast-food chain will meet its guidance for second-half 2026 improvements. JPMorgan also lowered its PT on Wendy’s by a buck. The stock is down over 3% premarket. 7. BofA likes Madison Air , which has a strong market share in niche HVAC. Competes with Modine , Vertiv , and Johnson Controls for bespoke custom deals. The firm forecasts adjusted EBITDA to increase at a 10% compound annual growth rate over 2025-28, excluding any future M & A, which has been a key growth driver. 8. JFrog price target lifted to $75 from $70 at Barclays. Enterprise software back in vogue? The company reported strong first-quarter results last week, driven by rising demand for AI-driven software development tools and security. It also raised guidance for the year. 9. KKR is injecting $300 million into its struggling private-credit fund, buying $150 million of new convertible preferred shares and launching a tender offer to buy $150 million of common shares at $11, The Wall Street Journal reports . The fund reported a $560 million loss in the first quarter. 10. Harley-Davidson was taken to $26 from $19 by UBS analysts, who said confidence in the motorcycle manufacturer is the strongest it’s been in years. UBS pointed to achievable near-term financial targets for 2027, lower tariff headwinds, management’s growth initiatives, and cost savings. 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 Monday
May 11, 2026
