We've got some Monday madness.
Is Lion King enough to sate investor appetite ahead of the Disney+ (DIS) - Get Report release? How's oil looking? And what should investors make of Bernstein and Morgan Stanley's dueling notes on Apple (AAPL) - Get Report Monday morning? Here's what Jim Cramer thinks of the top stories driving markets.
How's Oil Looking?
Cramer weighed in on oil in his morning column over on Real Money.
Here's what Crame 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.
What's it going to take to make oil investable again?
Disney's Lion King Excites Moviegoers, but What About Investors?
Real Money Stock of the Day Disney released its newest movie, 'The Lion King,' in the U.S. last weekend.
In its opening weekend, Lion King grossed $185 million.
But is a blockbuster movie enough to sate investors until Disney releases Disney+? Here's what Cramer thinks.
Bernstein vs. Morgan Stanley
Bernstein's Toni Sacconaghi and Morgan Stanley's Katy Huberty both released notes ahead of Apple's earnings Monday morning.
The company is expected to release earnings after the bell on Tuesday, July 30.
The two prominent analysts had dueling opinions on Apple's upcoming quarter.
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.
So, what should be the first thing investors do when two analysts disagree on their expectations for a company?