My top 10 things to watch Monday, April 8 Janet Yellen in China from CNBC’s Sara Eisen interview : Tough talk but any change? Treasury Secretary Yellen thinks things are better than last year but does not rule out tariffs on China. Taiwan Semiconductor Manufacturing Company gets $6.6 billion from the U.S. government to support TSMC’s over $65 billion investment in three fabrication plants in Phoenix. U.S. is motivated to have domestic chip manufacturing because of China’s Taiwan saber-rattling. Wall Street is trying to add to Friday’s rally after a losing week that featured a spike in bond yields and oil prices. Energy analyst extraordinaire Rusty Braziel tells me there’s a $5 war premium on oil. Bitcoin rallies past $72,000. LSEG data shows slowing flows but still almost $2 billion going into the 10 largest U.S. spot bitcoin ETFs. The week ahead brings March readings on consumer and producer prices and earnings from Club names Constellation Brands and Wells Fargo. Jefferies likes Wells Fargo and raises price target to $60 per share from $52. The Fed official-strategist-journalist complex will be following the inflation reports to try to guess how many interest rates cuts are coming this year and when they might start. But in my Sunday column , I explain why I won’t be one of them. Jamie Dimon’s 61-page annual letter : The CEO of JPMorgan Chase thinks artificial intelligence may be as impactful on humanity as the printing press, electricity and computers. Tesla shares rise 2.5% on announcement of robotaxis. Oh come on. Good luck with that. CEO Elon Musk says design coming in August . He’s promised robotaxis for years but has not delivered. Boeing price target cut to $240 per share from $272 at Bernstein. Snake bit. Multifront challenges: fix the 737 Max problems and pick new CEO. GE Aerospace PT lowered but still best way to play aerospace. Kimberly-Clark sells dying personal protective equipment business. Important for buyback and expansion. The Club owns rival Procter & Gamble , which we added to last week . Evercore ISI raises Disney price target $130 per share from $115. The analysts see $8 billion free cash flow. Oppenheimer price target hikes on Club tech stocks Meta Platforms and Alphabet . Broadcom gets $1,500 at Deutsche Bank. Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free (See here for a full list of the stocks at Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
Taiwan Semiconductor Manufacturing Company gets $6.6 billion from the U.S. government to support TSMC’s over $65 billion investment in three fabrication plants in Phoenix. U.S. is motivated to have domestic chip manufacturing because of China’s Taiwan saber-rattling.
Wall Street is trying to add to Friday’s rally after a losing week that featured a spike in bond yields and oil prices. Energy analyst extraordinaire Rusty Braziel tells me there’s a $5 war premium on oil. Bitcoin rallies past $72,000. LSEG data shows slowing flows but still almost $2 billion going into the 10 largest U.S. spot bitcoin ETFs.
The week ahead brings March readings on consumer and producer prices and earnings from Club names Constellation Brands and Wells Fargo. Jefferies likes Wells Fargo and raises price target to $60 per share from $52.
The Fed official-strategist-journalist complex will be following the inflation reports to try to guess how many interest rates cuts are coming this year and when they might start. But in my Sunday column, I explain why I won’t be one of them.
Jamie Dimon’s 61-page annual letter: The CEO of JPMorgan Chase thinks artificial intelligence may be as impactful on humanity as the printing press, electricity and computers.
Tesla shares rise 2.5% on announcement of robotaxis. Oh come on. Good luck with that. CEO Elon Musk says design coming in August. He’s promised robotaxis for years but has not delivered.
Boeing price target cut to $240 per share from $272 at Bernstein. Snake bit. Multifront challenges: fix the 737 Max problems and pick new CEO. GE Aerospace PT lowered but still best way to play aerospace.
Kimberly-Clark sells dying personal protective equipment business. Important for buyback and expansion. The Club owns rival Procter & Gamble, which we added to last week.
Evercore ISI raises Disney price target $130 per share from $115. The analysts see $8 billion free cash flow. Oppenheimer price target hikes on Club tech stocks Meta Platforms and Alphabet. Broadcom gets $1,500 at Deutsche Bank.
Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free
(See here for a full list of the stocks at Jim Cramer’s Charitable Trust.)
What Investing Club members are reading right now
As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, TOGETHER WITH OUR DISCLAIMER. NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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