Jim Cramer's top 10 things to watch in the stock market Tuesday
CNBC • • entertainment
Key Points:
- Stock futures surged on hopes of a U.S.-Iran peace deal, though crude oil prices fluctuated after U.S. "self-defense" strikes in southern Iran.
- Key earnings reports this week include Salesforce and Costco, alongside the Federal Reserve's latest preferred inflation gauge; Nvidia's competitive challenges from Amazon's Trainium chips are also noted.
- Analysts recommend Dell for its AI infrastructure integration ahead of earnings, and Apple is favored due to anticipated AI enhancements from Google's Gemini integration at the upcoming WWDC.
- Intel's stock rally is expected to continue, driven by its foundry business and CPU market strength, while Western Digital's valuation is raised due to its critical role in AI data storage despite strong year-to-date gains.
- Mixed outlooks include Goldman Sachs lowering Workday's price target over AI integration concerns and Barclays cutting Chewy's target despite profitability improvements, reflecting market uncertainties.