Top 10 things to watch Monday, Sept. 23 1. Stocks are looking slightly higher Monday. It’s big week of earnings with Micron , Jefferies and Club name Costco scheduled to report. On the data side, the key event is the PCE price index, the Fed’s favorite inflation gauge. The Dow , the S & P 500 and the Nasdaq surged last week on the Fed’s first interest rate cut. And, after a rocky start to historically troublesome September, all three benchmarks are higher for the month. 2. Intel M & A rumors are swirling with Qualcomm reportedly interested in a friendly takeover and Apollo Global Management reportedly willing to make a $5 billion equity investment in the chipmaker. The Intel drama and the broader chip and accelerated computing landscape are among Jim Cramer’s takeaways from his San Francisco trip that reveal the AI stock winners. 3. Ulta Beauty was downgraded to hold from buy at TD Cowen on slowing same-store sales, also referred to as comps in the retail industry, and increased promotional activity. 4. JPMorgan put a negative catalyst watch on Nike . The analysts see fiscal 2025 first-quarter earnings per share below Street estimates. The Dow stock reports earnings Oct. 1. 5. General Motors stock was downgraded to a hold-equivalent market perform at Bernstein after a 85% run since November 2023. The analysts cited risk of higher capital expenditures requirements announced at the automaker’s Capital Markets Day. 6. There was a rare downgrade of Microsoft as DA Davidson moves to neutral. The analysts warned about a diminishing AI lead for the Club holding. 7. Sneaker and sports apparel company On Holdings was upgraded to neutral from an underperform sell rating at Bank of America after revenues accelerated. 8. Citi upgrades Keurig Dr Pepper to buy on improving U.S. coffee sales. 9. Once again, the Apple analysts were all over the place with JPMorgan saying lead times for the new AI-ready iPhone 16 suggest healthy demand while Barclays sees more muted checks. 10. Morgan Stanley raised Constellation Energy ‘s price target to $313 per share from $233 and Vistra to $132 to $110 on nuclear powering AI. Constellation plans to restart Three Mile Island and send power to Microsoft. 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.
Top 10 things to watch Monday, Sept. 23
1. Stocks are looking slightly higher Monday. It’s big week of earnings with Micron, Jefferies and Club name Costco scheduled to report. On the data side, the key event is the PCE price index, the Fed’s favorite inflation gauge. The Dow, the S&P 500 and the Nasdaq surged last week on the Fed’s first interest rate cut. And, after a rocky start to historically troublesome September, all three benchmarks are higher for the month.
2.Intel M&A rumors are swirling with Qualcomm reportedly interested in a friendly takeover and Apollo Global Management reportedly willing to make a $5 billion equity investment in the chipmaker. The Intel drama and the broader chip and accelerated computing landscape are among Jim Cramer’s takeaways from his San Francisco trip that reveal the AI stock winners.
3.Ulta Beauty was downgraded to hold from buy at TD Cowen on slowing same-store sales, also referred to as comps in the retail industry, and increased promotional activity.
