My top 10 things to watch Monday, Jan. 12 1. The Justice Department has opened a criminal investigation into Federal Reserve Chairman Jerome Powell. It's another apparent attempt by President Donald Trump to influence the central bank's monetary policy. Prosecutors are looking into the $2.5 billion renovation of the Fed's headquarters, along with Powell's testimony about it to Congress. However, Powell said the probe was just the result of the central bank "setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of" the president. Powell is going to be out soon regardless because his term expires in May. 2. The S & P 500 was headed for a lower open this morning as Wall Street digested the Powell probe news. The Cboe Volatility Index , which measures the stock market's expectation of volatility over the next 30 days, was up, as well. This follows a winning week for the stock market, where the S & P 500 hit a number of record highs, despite uncertainty caused by a surprise military operation in Venezuela and Trump's social media posts last week. 3. Trump is also calling for a 10% cap on credit card interest rates for one year. My take: No major bank will offer a credit card if that's all they'll make on them. Plus, spending would likely plummet. The banks will work with the Trump administration, but I don't think it's actually going to happen. We may have to wade through this one as Club holding Capital One is the biggest high-risk lender. Shares plummeted 8% premarket. 4. Wells Fargo raised Alphabet 's price target to $350 from $268 and maintained a hold rating on shares. Analysts pointed to strong momentum in its Search business and Google Cloud Platform. We got back into the stock last month, in part, because of Gemini's growth potential. That's Google's suite of large language models and associated AI assistant. 5. Walmart stock gained nearly 4% on news it will be added to the Nasdaq 100 before the market opens on Jan. 20. Walmart is also teaming up with Google's Gemini AI to help shoppers discover and buy items. The retailer made a similar alliance with OpenAI's ChatGPT in October. 6. Teva preannounced at the high end of its previous guidance range, and shares soared 5.5%. Expect many of these because of the JPMorgan Healthcare Conference in San Francisco, where I will be talking to many pharma CEOs, including David Ricks, who runs Club name Eli Lilly. He presents at the conference tomorrow evening. 7. Barclays raised its price targets on United to $150 from $135 and Delta to $85 from $65. The analysts kept their buy ratings on both stocks. They also raised their PT on American to $16 from $12 and kept their hold rating. Barclays raised its forecasts for the airline group due to a demand bump in late 2025. 8. Wells Fargo cut its price target on portfolio holding Meta Platforms to $795 from $802, while keeping its buy rating. The analysts are still highly confident about numbers ahead of earnings season. Additionally, Meta announced this morning that banking executive and first-term Trump advisor Dina Powell McCormick will become president and vice chair of the social media giant. 9. A lot of Wall Street calls on our industrial stocks. Citi raised its price target on GE Vernova (maintained hold rating), and lowered its PTs on Eaton and Honeywell (kept buy ratings on each). The analysts adjusted estimates as part of their fourth-quarter industrials sector outlook. 10. Citi also placed Club holding Dover on a 90-day positive catalyst watch . Analysts, who kept a buy rating on shares, expect a better organic growth outlook for the industrial company into fourth-quarter earnings. Plus, Citi argued that Dover's exposure to high-growth markets is underappreciated at current levels. Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free (See here for a full list of the stocks at Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
