My Top 10 Things to Watch on Tuesday, January 21 1. Wall Street was eyeing a higher open Tuesday after the Dow, S&P 500 and Nasdaq each had their best weeks of 2025. S&P 500, following a surge in Donald Trump’s presidential victory to a record close on Nov. 24, has fallen more than 2.2% since Election Day. 2. Among the four things we’re watching in the week ahead, club name Abbott Laboratories reports earnings on Wednesday morning. It’s the only Club name with quarterly results this week as the earnings season heats up. I interviewed Abbott CEO Robert Ford and a number of other industry leaders last week at the JPMorgan Healthcare Conference. I wrote about 10 things I learned at the conference in my Sunday column. 3. Tuesday is Trump’s first full day in his second term. He signed a number of executive orders after being sworn into office on Monday. The orders included declaring a national emergency on the US-Mexico border. He said he is considering 25% tariffs on imports from Mexico and Canada. 4. Trump also signed orders declaring a national energy emergency and withdrawing from the Paris climate accord. “We’re going to drill, baby, drill,” he said during his inaugural address. Promises of more supply pushed U.S. oil prices down about 2.5% on Tuesday. 5. Will Elon Musk be in the West Wing? Will he need this to make DOGE work? Trump signed an order to create his promised Department of Government Efficiency advisory group. The president named Musk and Vivek Ramaswamy as co-chairs, though the latter may soon leave to run for governor of Ohio. 6. Shares of Musk’s Tesla rose early Tuesday, extending Friday’s gains. The stock has benefited since Trump’s election, though it has cooled slightly since mid-December. Piper Sandler raised its price target on Tesla to $500 per share from $315, citing the company’s potential in “real-world” artificial intelligence. 7. Trump signed an order delaying the implementation of the TikTok ban by at least 75 days. The law, which was upheld on Friday by the Supreme Court, had required ByteDance to sell TikTok by January 19 or face blackout in America. The club name Meta Platforms would benefit from a TikTok ban. 8. Everyone knows that Apple will be sorely missed next quarter, and now Jefferies downgraded the stock to a sell and lowered its price target to $200.75 per share. JPMorgan kept its buy rating at equal, but cut the price target to $260. The club’s namesake Apple is set to report earnings after the closing bell on January 30. 9. Citi cut Advanced Micro Device’s price target to $175 a share from $200, but maintained a buy rating. Analysts said lower quarterly numbers are coming, but think the chipmaker will still be OK. In semiconductors, we own Nvidia and Broadcom. 10. Union workers at Costco voted to authorize a strike but will continue to speak before the Jan. 31 expiration of their labor contract. If there was a work stoppage, I think Costco would be able to handle it. The Costco Teamsters represent 18,000 workers. Sign up for my free email newsletter Top 10 Morning Thoughts on the Market (See here for a complete list of stocks in Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investment Club with Jim Cramer, you’ll receive an alert trader before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a share in his charitable trust portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after the trade alert is issued before executing the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY ALONG WITH OUR STATEMENT. NO OBLIGATION OR FIDUCIARY DUTIES EXIST, OR ARE CREATED BY VIRTUE OF YOUR RECEIVING ANY INFORMATION DIRECTED IN CONNECTION WITH THE INVESTOR CLUB. NO SPECIFIC RESULTS OR PROFITS ARE GUARANTEED.
U.S. President Donald Trump delivers his inaugural address after being sworn in as the 47th president of the United States in the Rotunda of the U.S. Capitol on January 20, 2025 in Washington, DC.Â
Chip Somodevilla | Afp | Getty Images
Top 10 things to watch on Tuesday, January 21
1. Wall Street was eyeing a move higher on Tuesday Dow, S&P 500AND Nasdaq each returned to their best weeks of 2025. The S&P 500, after a surge following Donald Trump’s presidential victory to a record close on Nov. 24, has fallen more than 2.2% since Election Day.
2. Among the four things we are looking at next week, the name of the club Abbott Laboratories reports earnings Wednesday morning. It’s the only Club name with quarterly results this week as the earnings season heats up. I interviewed Abbott CEO Robert Ford and a number of other industry leaders last week at the JPMorgan Healthcare Conference. I wrote about 10 things I learned at the conference in my Sunday column.
3. Tuesday is Trump’s first full day in his second term. He signed a number of executive orders after being sworn into office on Monday. The orders included declaring a national emergency on the US-Mexico border. He said he is considering 25% tariffs on imports from Mexico and Canada.
