My Top 10 Things to Watch Tuesday, July 7th 1. Stocks are a mixed bag this morning. Dow futures rose 130 points, and selling in semiconductor stocks caused the tech-heavy Nasdaq to open sharply lower. S&P futures fell slightly. Oil prices rose 1% after reports that a commercial ship was attacked by Iran in the Strait of Hormuz. 2. SpaceX officially joined the popular Nasdaq 100 index today, thanks to a new fast-track entry process. Billions of dollars in passive flows will come. What’s more, analysts are coming on board as the quiet period for banks that worked on last month’s blockbuster IPOs is coming to an end. I count buy ratings on at least 18 companies, including Goldman Sachs and Morgan Stanley, which led the offering. Moffett Nathanson expressed reservations, citing concerns about the evaluation and the orbital data center. 3. Samsung Electronics shares fell 7% in South Korean trading after the semiconductor maker’s preliminary earnings report showed an unusual rise due to an AI spending boom. Operating income increased more than 1,800% in the second quarter. Sales have more than doubled. Weren’t the results bad enough? What is the typical profit-taking strategy when stock prices soar? Or does it have something to do with rival SK Hynix’s planned $28 billion U.S. listing? Actually, I don’t know. 4. China’s DeepSeek is working on developing a custom AI processor, Reuters reported. The chip is said to target the everyday use of AI models, known as inference, rather than training. DeepSeek’s goal is to reduce reliance on chips from Nvidia and China’s Huawei. here we go again . Yet another report was deemed negative for NVIDIA. A long knife came out. 5. Analysts at Canaccord Genuity argued that the bear case against Metaplatform and the company’s aggressive AI spending has gone too far. And I agree that Meta has indicated that it is developing plans to sell excess AI computing. While we still need more details on the exact plan, this is a smart thing to do to generate a short-term return on investment. 6. Walmart announced it is cutting prices on beef and other popular items for the summer grilling season. This, combined with lower gas prices, is good news on the inflation front. Walmart stock is down 18% from its mid-May highs, but looks like an opportunity to me. Retailers with a reputation for great deals are perfect for this moment. Let’s take a closer look at this tonight on “Mad Money.” 7. JPMorgan raised its price target for Eli Lilly from $1,300 to $1,400, implying an upside of about 16%. Maintains Buy rating and Top Pick designation. Lilly is scheduled to report second-quarter results on Aug. 5, and analysts are predicting strong results, driven in part by overseas sales of Munjaro, one of the company’s blockbuster GLP-1 drugs. Munjaro’s strength overseas has been surprisingly positive in recent quarters. 8. Vertex Pharmaceuticals announced it will acquire Crinetics Pharmaceuticals for approximately $10 billion in a deal to acquire treatments for rare hormone diseases. The companies expect the deal to close in the third quarter. Clinetics stock nearly doubled this morning, while Vertex fell about 1%. Biotech stocks have been booming since the FDA’s leadership shakeup in May, and the potential for more acquisitions in the space could help keep their prices higher. 9. Fiserv rose more than 5% this morning after the Wall Street Journal reported that the company was in talks with major banks to sell its debit card network. Wells Fargo, JPMorgan Chase & Co. and Bank of America are among the companies that have held preliminary discussions in recent months, the paper said. The potential acquisition would allow lenders to avoid federal debit card fee caps. Wells Fargo will report its earnings one week from today. Improvements are needed after two consecutive quarters of lackluster performance. 10. DR Horton has been upgraded from hold to purchase at Zelman & Associates, a respected research shop focused on the housing industry. Does it bode well for the group? These battered stocks have been performing well since mid-May. It’s probably no coincidence that it coincides with the peak of 30-year mortgage rates. If the downward trend continues, stocks such as home builders and club name Home Depot should benefit. 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. 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