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

1. Club chip stocks Broadcom and Nvidia were going in opposite directions. Broadcom’s rally continued Tuesday but not like Monday’s 11% gain on top of Friday’s post-earnings surge of 24%. Nvidia moved further into correction territory.

2. Wolf Research sees an Advanced Micro Devices miss on revenues. This is not good, and it is worrisome for this Club name. Join the CNBC Investing Club and watch our Monthly Meeting live at noon ET on Thursday for a rundown on all 33 stocks in our portfolio.

3. The Dow was looking at a down open Tuesday after the 30-stock average dropped for eight straight sessions. The S&P 500 and Nasdaq were also pacing for a lower start. Both rose Monday, with the S&P 500 less than 1% from its record high and the Nasdaq posting an all-time high close.

4. The increase in headline November retail sales was greater than expected. Ex-autos were a little soft. After this week’s two-day meeting, the Federal Reserve is expected to cut interest rates again Wednesday afternoon. On Friday, a couple of days after the rate decision, we’ll get the Fed’s favorite inflation gauge, the PCE price index.

5. Liquor woes are still not behind Brown-Forman as Morgan Stanley downgraded the stock to sell from hold. Truist went to hold from buy. It’s not out of the woods due to Trump tariff uncertainty. The same could be said about Club name Constellation Brands, whose popular beers, Modelo and Corona, are imported from Mexico.

6. Darden Restaurants got an odd price target boost at Morgan Stanley to $193 per share from $188 ahead of Thursday’s earnings. There was no real catalyst behind the move, and the analysts think the numbers are too high at the company behind Olive Garden, LongHorn Steakhouse, and Ruth’s Chris. Go figure.

7. Lennar is set to deliver quarterly results after Wednesday’s closing bell. Ahead of the report, Wells Fargo cut its price target on the homebuilder to $165 per share from $180. Nothing encouraging for the group as bond traders fight the Fed, pushing yields higher, which keeps mortgage rates elevated. PTs cut on PulteGroup, K.B. Home, and D.R. Horton.

8. Citi analysts suspect Honeywell‘s announcement that it’s considering splitting means a faster timeline to a pure-play aerospace company like GE Aerospace and automation play like Rockwell. Activist hedge fund Elliott took its big stake in Honeywell pushing the break-up. I’ve been calling for Club name Honeywell to do this for ages.

9. Pfizer delivered a 2025 forecast that met Wall Street expectations. What a relief, and the stock rose on the news. An adjusted expenses outlook reflects approximately $4 billion in net operating savings through 2024 and an additional $500 million in savings in 2025.

10. Barclays raised its PayPal price target to $110 per share from $92. The analysts see financials improving. PayPal joins Affirm as the best of the fintechs at this point, surpassing Block, formerly Square. However, Block is still liked and got a PT bump to $112 from $110.

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