My top 10 things to watch for Wednesday, April 1 1. We’re looking at another strong open this morning on Wall Street after yesterday’s heated session on hopes of a resolution to the Iran war. Yesterday’s moves in stocks and bonds were a preview of what we might see if the conflict does end. The March ADP report came in stronger than expected this morning. A positive sign for the jobs market ahead of Friday’s non-farm payrolls report. 2. Very disappointed with the Club Nike Name. The quarter beats headline earnings and earnings, but still provides limited guidance. There are still problems with inventory. Growth in North America also slowed. Is it still a good idea to stick with a fall investor day? It gets worse before it gets better. Is the competition over? Goldman, JPMorgan and Bank of America all downgraded it. 3. Stone change in RH. The luxury furniture maker missed every key metric in the fiscal fourth quarter and current quarter guidance was also weak. The rates were tight. The housing market remains tight. Shares are down 18% this morning. At least its full-year cash flow guidance was much better. 4. Wells Fargo raised its price target on Arm to $175 from $165. Analysts are excited about Arm’s push into the data center CPU market with its first in-house silicon offering. They repeat their purchase details. This one will get better and better as it competes with Intel and AMD in the data center. As CEO Rene Haas told me Monday, this is the new Arm. 5. Evercore has added Constellation Brands to its strategic buy list. This has been a tough asset to own for years, but I like incoming CEO Nick Fink. I think he can change it. Beer sales are going strong, and the Street continues to have a good reputation. Citi updated it last month. 6. Some love for Boeing : Wells Fargo launched the stock with a price target of $250, which means more than 25% from yesterday’s close. Critics like Boeing for its healthy free cash flow as the plane maker’s production normalizes. The story of FCF and the overall transformation under CEO Kelly Ortberg is the main reason we had Boeing for the Group. 7. Wells Fargo lowered its price target on Rockwell Automation to $360 from $410. Analysts are wary of a new wave of orders for the group until there is better clarity around the wider environment due to the Iran-US war. I see a lot of these types of calls in industries. Wells reduced the Club Eaton name to $350 from $370 for the same reason. 8. KeyBanc sees signs of encouraging demand in Atlassian but lowers its price target to $130 from $170 nonetheless. This is the new reality for many software-as-a-service stocks due to AI disruption: Your numbers may still show up but the market is not willing to pay the premium as before. 9. Edwards Lifesciences was updated to buy from Wolfe Research. Analysts said competitor Medtronic’s “data flop” in January is putting Edwards in a position to gain market share in the key TAVR heart replacement market. This stock has been an absolute dog for years. 10. Sempra is included in the list of strategic ideas at Wells Fargo. This has always been one of my favorite growth tools because of its exposure to Texas and California. Sempra is in the process of selling a majority stake in its construction business to simplify and focus on the core. The perfect tool to shop here. Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free. Jim waits 45 minutes after he sends a trade alert before buying or selling a stock in his charity portfolio. If Jim talked about a stock on CNBC TV, he waits 72 hours after issuing a trade warning before making a trade. THE ABOVE COMPRESSED BOOKING INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND TERMS AND CONDITIONS OF LEARNING, AS WELL AS OUR PRIVACY POLICY. NO OBLIGATION OR RESPONSIBILITY EXISTS, OR IS MADE, AS A CONSIDERATION OF YOUR ACCEPTANCE OF ANY INFORMATION PROVIDED WITH THE INVESTMENT CLUB. NO STATEMENT OR SPECIFIC STATEMENT IS GUARANTEED.
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