My top 10 things to watch for Tuesday, March 31 1. Iran war ends, what happens? Property collapses? According to The Wall Street Journal, President Donald Trump is considering ending US military operations even if the Strait of Hormuz remains closed. International Brent crude oil prices rose 4% this morning, above $117 a barrel. US gas prices have risen to $4 a gallon. 2. The S&P 500 headed for a higher open, despite higher oil prices. That’s where we were yesterday morning, before the index pulled back and closed lower for the third straight day. The S&P 500 lost nearly 8% in March, with one trading day remaining. That would be its worst month since September 2022. 3. Marvell shares are increasing by almost 10% after implementing a strategic partnership with Club Nvidia. The partnership will enable custom processors made by Marvell to integrate with Nvidia’s network technologies. Nvidia is also investing $2 billion in Marvell, something we’ve seen the AI chip giant do with a bunch of other regional partners. Nvidia shares were up 1.5% this morning. 4. Spice king McCormick is expanding its reach into spreads and condiments, announcing a $45 billion deal to buy Unilever’s food business, which includes Hellmann’s mayo. McCormick is good, but it only reported quarterly organic sales growth of 1.2%. It affirmed its outlook for the full year 2026. 5. TD Cowen cut its price target for Procter & Gamble to $142 from $156. By holding onto the Club name, Cowen analysts cut earnings estimates for family and personal care stocks. They don’t think P&G or its rivals, such as Kimberly-Clark and Clorox, will be able to fully absorb the impact of higher oil costs. 6. Oppenheimer predicted good things for Alphabet , expecting that Google Search will be the most sustainable advertising business compared to any decrease in consumer spending due to high gas prices. Analysts see Google Cloud moving forward. I liked this Club stock, which looks even better down 20% from its high in February. 7. Wells Fargo cut Ford’s price target to $10 from $11 and reiterated its sell rating. Analysts also kept their sell calls on General Motors and Jeep maker Stellantis, other members of Detroit’s Big Three. Iran’s war has damaged these stocks, raising the cost of raw materials, goods and energy. Wells is concerned about the direction of the automakers. 8. Loop Capital started covering the payments space with the purchase standards of Block, Mastercard, and Visa. It has given sustainability ratings to Toast and PayPal. Block is clearly back on track after its big job announcement, but Loop sees significant drivers of underlying growth. I have always been impressed with the long-term performance of Mastercard and Visa. 9. Wells Fargo raised its price target on GE Vernova to $896 from $831. Analysts still consider Club stock a buy and expect solid results for the coming quarters. They expect to continue to maintain strong gas turbine bookings and favorable pricing terms. Each wants in on the line of its commercial turbines that can be used to power AI data centers. 10. ServiceNow cut its price target on Wells Fargo to $185 from $225. Not surprising considering the carnage caused by AI software. Analysts are bullish on the stock because the PT suggests about 80% upside from yesterday’s close. They see ServiceNow’s next investor day as a resource. 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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