My Top 10 Things to Watch Monday, June 8th 1. The S&P 500 and Nasdaq are heading higher as chip makers rebound after Friday’s sharp selloff. Club holdings Nvidia and Broadcom are up nearly 2.5% and 3.3%, respectively. Investors had seen past developments in war after Iran and Israel exchanged attacks over the weekend. Apple was largely unchanged ahead of Monday’s WWDC keynote. A new Siri powered by Google’s Gemini is expected to arrive. 2. Wall Street analysts have begun reporting on the recent IPO of Cerebras Systems, with near-universal buy ratings. The company more than doubled after its initial public offering on May 14, and closed at that level that day. It has continued to fall since then, and is only about 15% above this morning’s public price of $185. 3. Another recent IPO, Blackstone Digital Infrastructure Trust, received both buy and hold ratings from analysts. The data center real estate name also debuted on May 14th. It remains close to the asking price of $20. BXDC aims to use the IPO proceeds to purchase newly constructed and revenue-producing data center assets. In data centers, Corning’s stock is up nearly 9% after it signed a major fiber-optic deal with Amazon. Both are club names. 4. Alphabet Inc.’s Google has agreed to pay SpaceX $920 million a month for the use of rockets and the AI company’s Nvidia chips. Google told CNBC the deal was made to ensure it has “bridging capacity” to meet surging demand for Gemini Enterprise. What about Google’s TPU? Is that why Broadcom missed out? 5. Oppenheimer raised Oracle’s price target from $235 to $275 and maintained it as a Buy. Analysts expect positive quarterly earnings Wednesday evening. Barclays also reiterated its buy position on Oracle, saying the AI-driven acceleration should continue for four more quarters. 6. Adobe lowered its price target on Stifel from $400 to $350 ahead of this week’s earnings. Analysts expect organic revenue to be higher and slightly higher annual recurring revenue (ARR), but said that is already factored into the stock price. Adobe remained a buy. In enterprise software, we own Salesforce. 7. Wells Fargo raised Micron’s price target from $550 to $1,220. Analysts believe there is room for further improvement as demand for memory soars. This already exceeds Micron’s remarkable performance in 2026, and is up about 202% since the beginning of the year. The stock rose nearly 7% this morning, rebounding after Friday’s big sell-off in semiconductor chips. 8. Kontoor Brands started as an acquisition of JPMorgan. Analysts said the company’s portfolio, which includes brands such as Wrangler and Helly Hansen, is at an “inflection point that will accelerate growth” heading into fiscal 2027. JPMorgan’s price target of $90 suggests an upside of nearly 30% from the previous closing price. 9. Cummins stock rose more than 3% on hold-to-buy upgrade from UBS. Analysts also raised their price target to $850 from $565. UBS said improvements in the trucking market and double-digit growth in the power business will pick up over the next two years. Cummins designs and manufactures diesel and natural gas engines. 10. Truist started Solstice Advanced Materials in the ship’s hold. Analysts say the company has a high-quality business portfolio, but its cash flow generation prospects do not guarantee further upside. Solstice was spun off from the club name Honeywell in October 2025. Sign up for free for my Top 10 Morning Thoughts on the Market email newsletter (see here for a complete list of Jim Cramer’s Charitable Trust stocks). As a subscriber to Jim Cramer’s CNBC Investing Club, you will receive trade alerts before Jim Cramer makes a trade. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in his charitable trust’s portfolio. If Jim talks about a stock on CNBC TV, he will issue a trade alert and then wait 72 hours before executing the trade. The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.
