Jim Cramer’s top 10 things to watch in the stock market Monday

1. He Dowhe S&P 500 and the Nasdaq They were lower on Monday after Hamas carried out a surprise attack on Israel on Saturday. Israel has declared war and has been retaliating.
2. US oil prices, which had a rough week after surging in the third quarter, soared more than 3% on Monday. Again about $86 per barrel. In my Sunday columnI talked about how I think about the market after the attack on Israel.
3. The market was oversold last week and we made some strategic purchases as our discipline demands. He week ahead presents key inflation data. Wednesday's producer price index. Thursday's consumer price index. The Federal Reserve minutes will be released Wednesday afternoon. Club name Wells Fargo (WFC) and banks start earnings season on Friday.
4. Nelson Peltz has launched a new campaign for three seats on the board of directors of disney (DIS) and increased Trian's stake in the Club's name to around 39 million shares. The activist investor ended his previous fight over CNBC board representation with me in February, saying at the time that he was pleased with Disney CEO Bob Iger's turnaround plan. Since then, the stock has languished. Is Disney's market capitalization of $151 billion too low?
5. Almost unanimous purchases for UK chip designer Arms (ARM). Recent IPO in mid-September. It soared 25% in its debut. But then it ran into trouble and fell back toward $51 per share. Closed at $54 on Friday. Wall Street analysts see higher royalty rates for the company. Critical place in the system. Strong secular growth trends.
6. Club name Metaplatforms (META) gets a price target cut to $372 per share from $389 at Wells Fargo ahead of the quarter due Oct. 25 after the closing bell. It's really a PT catch-up call because it's primarily a bullish note.
7. Wells Fargo analysts promote the Club's name Eli Lilly (LLY) price target at $650 per share from $615. They see a $50 billion opportunity for obesity. Mounjaro, Lilly's diabetes drug, is expected to soon win regulatory approval for weight loss as well. Last week, Bank of America raised its price target on LLY to $700 from $600. Both research houses maintain their equivalent buy ratings on Lilly stock.
8. PepsiCo (PEP) will likely outperform when it reports third-quarter results on Tuesday before the bell, according to RBC Capital. However, analysts say the beverage and snack giant is unlikely to see a major upward revision to its guidance for the fourth quarter and beyond.
9. Evercore ISI updates club name Oracle (ORCL) will outperform the line and increase the price target by $4 per share to $135. Analysts see more consistent revenue due to emerging cloud offerings.
10. data dog (DDOG) downgraded by Bank of America to neutral from buy. The price target was lowered to $105 per share from $123. Analysts see a downside risk for the business, lowering estimates below consensus.

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