My top 10 things to watch Monday, Jan. 22 1. This is a big week for the markets. As I wrote in my Sunday column , we will find out what it is that will propel stocks forward — or in reverse — following the S & P 500’s new record high on Friday. A lot of it will depend on the performance of the Super Six, my new moniker for the Mag Seven minus Tesla , which no longer makes sense in the group. 2. The last time the S & P 500 closed at a new high was two years ago, and our top-performing stock over that period was not — surprise — a mega-cap tech. No stock in the portfolio has performed better than Eli Lilly . Here’s a rundown of how our stocks did between the index’s highs. 3. Trump vs. Haley. Florida Gov. Ron DeSantis pulled out of the 2024 presidential race and endorsed Donald Trump on Sunday, making the GOP primary a two-person race heading into Tuesday’s New Hampshire vote. The former president is polling at about 50% in the Granite State, compared to 39% for Nikki Haley, the former governor of South Carolina. 4. TD Cowen lifted its price target for Uber to $80 from $67. The firm likes the stock’s valuation, almost comical, keep outperform rating. Lyft raised to $12 from $10, but sees revenue deceleration in Q4 on tough comps. 5. Wolfe Research likes “Mad Money” audience fave American Airlines , upgraded to buy from hold with a $17 price target. The firm sees potential near-term EPS upside in Q1. The company reports quarterly earnings Jan. 25. 6. Truist Securities writes constantly, this time saying that Google paid search is strong and Amazon ad is very strong. 7. Oppenheimer commits total heresy and downgrades Home Depot and Lowe’s to hold from buy. The firm said it was more cautious toward home improvement retail in the near term. Buyers are too complacent. 8. Nike price target lowered to $116 from $120 at HSBC, says sporting goods sector could share some similarities with luxury and be very challenging. Downgrades Lululemon too. Could be an…
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