Jim Cramer shared his top 10 things to watch in the stock market. The Federal Reserve is lifting the $1.95 trillion asset cap imposed on Wells Fargo since February 2018. This allows the bank to pursue growth opportunities.
CrowdStrike saw some post-earnings selling despite a decent quarterly report on Monday. Goldman Sachs upgraded Yum! Brands, the parent company of KFC, Taco Bell, and Pizza Hut, is neutral to buy. President Donald Trump stated that it is “extremely hard” to reach a trade deal with China’s Xi Jinping.
This dashes hopes for easing trade tensions between the two largest economies. JPMorgan raised its price target for Amazon to $240 from $225 and for Meta Platforms to $735 from $675. Citi raised its price target for Honeywell to $265 from $242, highlighting the resilience of its automation division.
Needham downgraded Apple from a buy to a hold rating due to near-term threats to its revenue and earnings growth. Citi increased Dollar General’s price target to $112 from $101 after it beat Q1 earnings expectations. UBS upgraded Snowflake from hold to buy, indicating that the stock still has growth potential.
Warner Bros.
Cramer’s market outlook and insights
Discovery shareholders voted against the 2024 pay packages for CEO David Zaslav and other top executives.
Jim Cramer has voiced concerns that President Donald Trump’s unpredictable trade policies are distorting stock valuations. This makes accurate stock pricing nearly impossible. Markets have been opening lower recently as traders brace for Trump’s abrupt statements about trade, China, or major stocks.
The administration has set a July 8 deadline for trade deals. Cramer argued that Trump has “almost single-handedly revived the short-selling business.” Hedge funds are heavily shorting stocks like Nvidia and CoreWeave Inc., confident they can profit from Trump-induced volatility. Jim Cramer shared his outlook on the developments expected this week, focusing on the upcoming nonfarm payroll report and corporate earnings.
He explained that a strong jobs report would likely eliminate any chance of a short-term interest rate cut by the Federal Reserve. Cramer is hoping for a “Goldilocks report,” which shows neither job growth nor wage growth. This setup might not damage market sentiment and could potentially lead to a market rebound.
Cramer highlighted Lululemon’s solid presence in China as a positive factor. He mentioned that the earlier tariffs had been delayed, allowing the stock to rebound potentially. Cramer expressed optimism for Broadcom’s upcoming quarterly report, suggesting that excellent software margins could lead to strong results.
He regards Broadcom as a significant holding in his Charitable Trust and sees continued potential for the stock.
