My Top 10 Things to Watch Thursday, Oct. 10 1. Wall Street fell after September inflation numbers and weekly new jobless claims were worse than expected. The S&P 500 and Dow each closed at record highs on Wednesday, continuing their solid gains this week. The Nasdaq rose nearly 1% this week to take the lead, but it was still only about 2% off its July record. 2. The consumer price index in September rose 0.2% month-on-month and 2.4% year-on-year. Both were slightly higher than expected. The number of jobless claims for the week ending October 5 was 258,000, higher than the 230,000 expected. The latest figures on wholesale inflation will be released on Friday. 3. Morgan Stanley analysts met with Nvidia CEO Jensen Huang and CFO Colette Kress this week in New York City and said they believe “long-term confidence is strong.” remains high.” The club’s name remains Morgan Stanley’s top choice in semiconductors. Nvidia has been on a three-day roadshow demonstrating its artificial intelligence capabilities. 4. Tesla will hold a robotaxi event on Thursday night. How far is Elon Musk Co. in the field of self-driving cars? The neural network behind self-driving is revealed. Alphabet’s Waymo self-driving taxi platform also uses Nvidia. Tesla still uses Nvidia for its Dojo training computers. 5. Advanced Micro Devices will host an Advancing AI event at noon ET. CEO Lisa Su’s presentation on GPUs is seen as a potential trigger for the stock price to rise. AMD is lagging behind Nvidia, but we still see a lot of demand. There is debate as to whether the club name will raise its guidance on Thursday or whether it will be increased in line with revenue towards the end of the month. 6. Goldman Sachs lowered Microsoft’s price target from $515 to $500 per share due to a slight decline in free cash flow expectations. The analyst maintained a Buy rating as strong Azure cloud activity is estimated to increase revenue by 14%. They added that the club name’s revenue growth expectations justify the company’s stock valuation. 7. Costco reported late Wednesday that net sales rose 9% to $24.62 billion in September. Same-store sales (both headline and before gas price impact) increased in all regions. E-commerce has skyrocketed. “Companies that are already doing well are benefiting from the inventory buildup caused by hurricanes and port strikes,” Wells Fargo analysts said. 8. JPMorgan downgraded Honeywell to neutral from overweight. Analysts raised their price target for the club’s holdings from $225 to $235 per share. They have been long supporters of Honeywell for 15 years, but are concerned that its materials spinoffs appear to be diluting. 9. Citi questioned Netflix’s growth. Analysts believe the streaming giant will be short on cash when it reports earnings next week. However, Morgan Stanley said it feels Hollywood supports Netflix and the company should deliver a good quarter. How often should I play this game? 10. A somewhat insane twist from former Pfizer CEO Ian Reid and former CFO Frank D’Amelio. They pulled out of activist investor group Starboard. Starboard owns the stock and wants to find ways to increase shareholder value in the struggling drug company. Mr. Reed and Mr. D’Amelio said they “fully support” Pfizer’s current CEO, Albert Bourla. Sign up for free for my Top 10 Morning Thoughts on the Markets email newsletter (See here for a complete list of Jim Cramer Charitable Trust stocks.) Jim Cramer’s CNBC Investment Club As a subscriber, you can receive trade alerts. Before Jim trades. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in his charitable trust’s portfolio. If Jim talks about a stock on CNBC TV, he will issue a trade alert and then wait 72 hours before executing the trade. The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.
My Top 10 Noteworthy Thursday, October 10th
1. Wall Street fell after September’s inflation data and weekly new jobless claims were worse than expected. The S&P 500 and Dow each closed at record highs on Wednesday, continuing their solid gains this week. The Nasdaq rose nearly 1% this week to take the lead, but it was still only about 2% off its July record.
2. The consumer price index in September rose 0.2% month-on-month and 2.4% year-on-year. Both were slightly higher than expected. The number of jobless claims for the week ending October 5 was 258,000, higher than the 230,000 expected. The latest figures on wholesale inflation will be released on Friday.
3. Morgan Stanley analysts met with Nvidia CEO Jensen Huang and CFO Colette Kress this week in New York City and said they believe “long-term confidence is strong.” remains high.” The club’s name remains Morgan Stanley’s top choice in semiconductors. Nvidia has been on a three-day roadshow demonstrating its artificial intelligence capabilities.
4. Tesla will hold a robotaxi event on Thursday night. How far is Elon Musk Co. in the field of self-driving cars? The neural network behind self-driving is revealed. Alphabet’s Waymo self-driving taxi platform also uses Nvidia. Tesla still uses Nvidia for its Dojo training computers.
5. Advanced Micro Devices will host an Advancing AI event at noon ET. CEO Lisa Su’s presentation on GPUs is seen as a potential trigger for the stock price to rise. AMD is lagging behind Nvidia, but we still see a lot of demand. There is debate as to whether the club name will raise its guidance on Thursday or whether it will be increased in line with revenue towards the end of the month.
6. Goldman Sachs lowered Microsoft’s price target from $515 to $500 per share due to a slight decline in free cash flow expectations. The analyst maintained a Buy rating as strong Azure cloud activity is estimated to increase revenue by 14%. They added that the club name’s revenue growth expectations justify the company’s stock valuation.
7. Costco reported late Wednesday that net sales rose 9% to $24.62 billion in September. Same-store sales (both headline and before gas price impact) increased in all regions. E-commerce has skyrocketed. “Companies that are already doing well are benefiting from the inventory buildup caused by hurricanes and port strikes,” Wells Fargo analysts said.
8. JPMorgan downgraded Honeywell to neutral from overweight. Analysts raised their price target for the club’s holdings from $225 to $235 per share. They have been long supporters of Honeywell for 15 years, but are concerned that its materials spinoffs appear to be diluting.
9. Citi questioned Netflix’s growth. Analysts believe the streaming giant will be short on cash when it reports earnings next week. However, Morgan Stanley said it feels Hollywood supports Netflix and the company should deliver a good quarter. How often should I play this game?
10. A kind of crazy twist from former Pfizer CEO Ian Reid and former CFO Frank D’Amelio. They pulled out of activist investor group Starboard. Starboard owns the stock and wants to find ways to increase shareholder value in the struggling drug company. Mr. Reed and Mr. D’Amelio said they “fully support” Pfizer’s current CEO, Albert Bourla.
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The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.
