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The basis of this thread is simple Coral Sea goes significantly better for the Allies than otl. In essence the following happens.
The strike on Shoho's group is done in a more logical method which results in the wasted attack(the damage inflicted by Lexington's planes would have sunk Shoho and by Japanese accounts Yorktown's planes added another 11 1000lb bomb and 2 torpedoes hits to Lexington's 2 1000lb bombs and 5 torpedo hits...on a light carrier) by Yorktown's aircraft with said aircraft being directed at the 4 covering heavy cruisers and the sole Japanese destroyer. This results in the following
The IJN Sazanami is hit by a strafing Wildcat in its depth charges/torpedoes and blows up.
The IJN Aoba is hit by 2 1000lb bombs in the engine rooms and as a result she is later scuttled.
The IJN Kinugasa is hit by a torpedo and 2 1000lb bombs and will later sink on the way back to Rabaul.
Another major change in the battle is the fate of the USS Sims and the USS Neosho. While they are spoted as per otl with the same strike package sent out to sink them they are protected by a major squal which prevents them from being spotted and thus attacked.
The last major change from otl is the survival of the Lexington. She takes similar damage but in slightly different locations which result in the bulk of the avation fuel tanks breached otl not being breached and the damage ironically vents the ship of the fumes.
Now how does this change the rest of 1942?
Assume that Midway plays out the same as otl with exception of Yorktown surviving due to the destroyers protecting her while she's being salavaged not falling asleep at the wheel and sinking the I-168 before she torpedoes Yorktown and Hammann.