The Club’s Top 10 Things to Watch Monday, June 15 — Today’s newsletter was written by Jeff Marks, Director of Portfolio Analysis at The Investment Club. 1. Stock futures are soaring this morning after the US and Iran agreed to a memorandum of understanding to end the war and reopen the vital Strait of Hormuz. Nasdaq 100 futures rose more than 2%. WTI crude, the U.S. oil benchmark, is down about 5% and trading at its lowest level since March 10. 2. Anthropic has suspended access to its Fable 5 and Mythos models after the Trump administration notified AI research companies that they must be barred from use by foreign governments, companies, and individuals. 3. SpaceX stock rose more than 5% premarket following Friday’s record-breaking IPO. Jim Cramer reflected on SpaceX in his Sunday column for Investing Club subscribers. KeyBanc upgraded the stocks of two other companies in the space economy, Rocket Lab and FireFly, after selling their stakes on Friday. 4. Fox Corporation announced plans to acquire Roku in a cash and stock deal that values the streaming device company’s stock at $25 billion. Fox stock is selling off on the news. Roku’s stock price is calm this morning after surging 20% on Friday after reports the company was in talks to sell the company. 5. American Express announced it would acquire TheFork, a European online restaurant reservations and management platform, from Tripadvisor for $700 million. Amex already owns dining platform spaces Resy and Tock. 6. Club name Capital One has been added to Baird’s “Fresh Picks” list. Analysts love risk and reward, and investors focus on the narrative of weak consumers and high prices for Discover, overlooking what they describe as cheap valuations, a strong capital base, and earnings flexibility. The company has had a tough year this year, but with a forward P/E ratio of less than 9 times, it is still too cheap. 7. Goldman Sachs initiated coverage on 3M with a buy rating and DuPont initiated coverage with a hold rating. They like 3M as a self-help story with improved internal growth and a turnaround from legal liability resolution. Analysts like DuPont, the club’s name, for its strategy of focusing on health care and water businesses, but don’t think overall growth will be strong enough to lead to an acquisition. This is a good call for DuPont to make a deal to improve its growth prospects. 8. The price target for memory chip maker Micron has been raised to $1,500 from Cowen’s stock price of $660. Maintained buy rating. The company said memory price increases will continue for an extended period into the second half of 2027 due to increased CPU demands associated with agent-based AI workloads. We own Arm and Intel, betting on CPU growth. 9. Morgan Stanley has upgraded Ferrari to an acquisition target following the recent decline in its stock price, saying that the company’s valuation is “overestimating brand risk.” Ferrari’s stock price has fallen 23% over the past year after taking a big hit in late May when it unveiled its first electric car. The stock price rose nearly 5% this morning. 10. Citi downgraded several trucking stocks, arguing that “valuations appear to reflect increased optimism” after the group’s strong results. They decided to sell to Old Dominion and hold on to Cyre, CH Robinson, and Knight Swift. City does not cover the new club name, FedEx Freight. Sign up for free for my Top 10 Morning Thoughts on the Markets email newsletter (See here for a complete list of Jim Cramer Charitable Trust stocks.) As a subscriber to Jim Cramer’s CNBC Investment Club, you’ll receive trade alerts before Jim 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.
