My top 10 things to watch for Tuesday, April 7 1. Hopes are dwindling for a deal before President Donald Trump’s 8 pm ET deadline for Iran to reopen the Strait of Hormuz or face an energy plant and bridge bombings. Will Trump follow through on his threats? The market is worried, and the S & P 500 is headed for an open low after four straight periods high. 2. Two wins for Broadcom : Google and Anthropic. Hock Tan-run’s company has agreed to produce future versions of Google’s AI chips until 2031, and expand its computing operations with Anthropic, drawing on those Google processors for efficiency. Can Broadcom regain its former status as the one to beat? Broadcom and Google-Parent Alphabet are Club stocks. 3. Wells Fargo increased its price target on Intel to $55 from $45, citing expected demand for the chipmaker’s server CPU and processor on its way. Ahead of quarterly results later this month, Wells cut 2026 earnings per share estimates by 2.6% but raised 2027 EPS estimates by 8.7%. Intel CEO Lip-Bu Tan is the real thing. His election last year caused me to turn positive on the stock. 4. Morgan Stanley downgraded chip maker Arm to hold from buy. Analysts see performance risks in its internal CPU performance and memory supply problems as a strong near-term growth storm. They raised their price target for Arm to $150 from $135, in recognition of this year’s rally. But that PT has little to do with it. I think Arm’s CPU is a smart move to contribute to the growth of AI automation. 5. US lawmakers also want to impose business restrictions on Dutch semiconductor supplier ASML. This time, it is to prevent Chinese companies from acquiring so-called deep ultraviolet (DUV) lithography machines, which are used to make chips that go into consumer devices such as smartphones and electric cars. Advanced ASML EUV machines for AI chips are now closed in China. 6. Wells Fargo has started providing Reddit information with a hold rating and a price target of $149, which means about 8%. Analysts expect another quarter of strong revenue growth, but third-party traffic data is mixed. Shares are down nearly 50% since January. The product has undergone major changes, but there is value in Reddit as a trusted social media platform for many people. 7. JPMorgan cut its price target on a number of bank stocks ahead of Q1 earnings. Analysts want to hear management teams deal with the impact of the Iran war, exposure to private debt and software companies, and the “K-shaped” recovery, among others. At UBS, analysts upgraded Morgan Stanley to buy, calling us value in an uncertain world. I see the potential for bank stocks to have a good second quarter if we clear the big three. 8. Seaport took the ax to homebuilders, twice downgrading properties at Lennar , Pulte , Taylor Morrison , and KB Home to sell from buy. It also cut off DR Horton and Toll Brothers from buying. We know that this year’s sales are bad, and mortgage rates have gone in the wrong direction since the Iran war broke out. The Seaport is concerned that housing activity may slow due to low job growth. 9. Health insurance premiums soared after the Trump administration finalized higher-than-expected Medicare Advantage reimbursement rates for 2027. The same premiums were crushed in January when the first proposal for the reimbursement system was alarmingly low. This is a good result for the team. CVS and UnitedHealth are the insurers I would look into. 10. Baird lowered Visa’s price target to $375 from $425 as analysts upgraded their pre-earnings outlook. They maintained their purchasing power. Payment processors have been a volatile stock for years, but that has changed in recent months. Visa and Mastercard have been very bad. Like many stocks, they had to fight the fear of being disrupted by AI. 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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