Jim Cramer's top 10 things to watch in the stock market Tuesday
Jim Cramer’s Tuesday watchlist highlights a bond selloff, with the U.S. 30-year Treasury yield above 5.33% and higher yields in Germany and Japan. He notes pressure on S&P 500 and Nasdaq futures. Company items include Home Depot’s results and guidance, UBS raising Snowflake’s target to $425, and Barclays lifting CrowdStrike’s target to $235 ahead of earnings.
How this was made
The 30-second read
Why it matters
The dominant tradable input is the rate shock narrative (higher yields compress growth multiples). The rest is a set of near-term, event-driven positioning cues tied to upcoming earnings and analyst target changes.
Market read
This is a multi-name watchlist with actionable, near-term catalysts (earnings timing and analyst PT changes) layered on top of a macro rate-driven risk-off backdrop.
What to watch
The article’s macro drivers (inflation, deficits, geopolitics) are broad; traders should watch whether yields continue to accelerate into the earnings windows mentioned.
Background
Jim Cramer’s “top 10 things to watch” frames Tuesday’s market around a global bond rout and then lists company-specific analyst actions and earnings-related catalysts.
Ticker impact
Home Depot reported a solid quarter, beat top and bottom line, and reaffirmed full-year guidance, with comparable store sales up 1.7%.
Bullish bias for the next few sessions as traders digest the reaffirmed full-year outlook.
The article cites specific beats and a reaffirmed full-year guide, which typically sustains momentum even if macro headwinds remain.
UBS raised Snowflake’s price target to $425 from $370, citing a consumption model that analysts say can’t be killed by AI agents.
Moderately bullish near-term drift as the Street reprices expectations.
A concrete PT increase with a clear bull thesis is actionable for positioning, though it is not a new earnings print.
Barclays boosted CrowdStrike’s price target to $235 from $169 ahead of next week’s earnings, projecting $285M net ARR with $300M upside.
Bullish bias into earnings, with volatility risk if results miss the ARR trajectory.
The article provides specific ARR numbers and a catalyst (Fal.Con follow-through) tied to the upcoming earnings event.
Abercrombie & Fitch was downgraded to hold from buy by Raymond James, framed as a valuation call after a big post-earnings rally.
Bearish near-term bias into the Aug. 26 earnings date, especially if same-store sales disappoint.
The downgrade is explicit and tied to expected mixed same-store sales, which can pressure sentiment ahead of the next report.
Needham advised investors to stay away from Lululemon ahead of earnings, citing demand uncertainty and CEO-transition uncertainty.
Near-term bearish tilt into earnings as positioning may de-risk.
The article cites specific concerns (demand environment, new CEO timing) but provides no new financial datapoint.
Norwegian Cruise Line was downgraded to hold from buy at Mizuho, with expectations that shares will be range-bound during the turnaround.
Range-bound to slightly bearish near-term trading bias.
The thesis is turnaround progress and trading range, which is directionally cautious but not a fundamental shock.
Cantor Fitzgerald and Mizuho raised price targets on Amgen while keeping hold ratings, focusing on whether late-stage pipeline updates can sustain momentum.
Slightly bullish bias, but likely capped unless pipeline updates de-risk outcomes.
The article provides PT increases and a specific question for the pipeline, but no new trial or regulatory datapoint.
Market effects
Rising Treasury yields are highlighted as a key driver pressuring tech and growth-sensitive equities, reinforcing a risk-off rate sensitivity.
Global bond rout is cited via Germany and Japan yield highs, supporting a broad cross-market risk premium increase.
Inflation and geopolitical shipping risk (Strait of Hormuz) are linked to higher yields, which can spill into global equity valuations.
Counterpoint
Analyst target changes may be less predictive than the actual earnings prints; rate-driven pressure could reverse quickly if yields stabilize.
Key entities
- macro30-year Treasury yield
Cited at over 5.33%, near a two-decade high, reinforcing the growth-stock valuation headwind.
- equityHome Depot
Reported a quarter with top and bottom line beats and reaffirmed full-year guidance.
- equitySnowflake
UBS raised its price target to $425 from $370.
- equityCrowdStrike
Barclays raised its price target to $235 from $169 ahead of earnings.
- equityAbercrombie & Fitch
Raymond James downgraded to hold from buy.
