Jim Cramer breaks down his thoughts on oil, Apple's (AAPL) - Get Report dueling analyst notes, Disney's (DIS) - Get Report The Lion King beat expectations during its opening weekend and we can't, of course, ignore the tech earnings that the Street expects later this week.
Kicking it Off With Oil
Cramer wrote about oil in his Real Money column on oil.
He said that he doesn't think that oil has recovered from where it used to be.
Here's what Cramer wrote in his column.
I can't blame anyone for being confused about the price of oil -- or the oil stocks -- here, given what's going on in the Straits of Hormuz. When you have a couple of Iranian speed boats pulling over a British flagged tanker -- yes, a tanker flying the flag of what was once the mightiest navy on earth -- you would expect at least a 10% increase in the price of crude... if not more.
Instead, West Texas went up a buck. It is still down $20 from the October 4 peak of last year, the double whammy moment when Jay Powell said the Fed had to overshoot and Vice President Mike Pence said it was time to go to cold war with China.
The Lion King's Release
Real Money Stock of the Day Disney released 'The Lion King' over the weekend.
The film grossed $185 million, beating expectations of $150 million.
Bernstein and Morgan Stanley Go Head to Head Over Apple
Bernstein's Toni Sacconaghi and Morgan Stanley's Katie Huberty released dueling notes ahead of Apple's earnings Monday morning.
Huberty came out as bullish, raising Apple's price target to $247 from $231.
She wrote, "we believe the June quarter will mark the first quarter since March 2018 where Services revenue growth accelerates..."
Meanwhile, Sacconaghi wrote that Bernstein's expectations for Apple's Services revenue actually fall slightly below the Street's expectations.