The Club’s top 10 things to watch Monday, Aug. 10 — Today’s newsletter was written by Jeff Marks, the Club’s director of portfolio analysis 1. Wall Street is headed for a mixed open this morning following last week’s 3.5% surge to new highs for the S & P 500 . There’s still little clarity on the timeline of an Iran deal and reopening of the Strait of Hormuz. We’ll get July inflation data later this week , and tomorrow morning Club holding Cardinal Health reports. 2. Club name Apple was downgraded to sell from hold at Jefferies. The analysts said their supply chain checks suggest an all-glass iPhone, reportedly planned for September 2027, has been canceled, hamstringing its ability to raise average selling prices in the coming years. Near term, a big question is where iPhone 18 prices land next month given the memory crunch. 3. Intel is down over 3% this morning after the company announced a plan to sell $15 billion in stock. This has been an overhang on the Club stock since earnings on July 23 , when CFO David Zinsner said they were considering it. Building new chip manufacturing plants isn’t cheap, even as Intel’s data center CPU business is booming and bringing in lots of cash. 4. One of the reasons we own Intel is the need for a leading-edge alternative to Taiwan Semiconductor Manufacturing Co. , the world’s dominant third-party chipmaker. The opportunity is large if Intel can execute, as TSMC’s July sales, released today, show. Revenue was up 45% year over year, reflecting strong AI chip demand. 5. Uber’s price target was raised to $110 from $100 at Jefferies, which also gave the stock a “franchise pick” designation. Analysts see a bullish story for 2027, citing efforts to scale autonomous vehicles and durable bookings growth. Uber shares fell 5.3% last Wednesday on disappointing current quarter guidance, but the buyers swooped in on Thursday and Friday to fully erase those losses and then some. 6. Morgan Stanley upgraded AI server maker Hewlett Packard Enterprise to buy from hold, with analysts acknowledging they were wrong to believe that “record component inflation would quickly stymie a recovery in hardware spending.” They also argued that HPE’s networking business from the 2025 Juniper acquisition is underappreciated. Shares are up almost 5% premarket after doubling already in 2026. 7. Meta Platform rose nearly 2% this morning after the introduction of Muse Glimmer, a model the company said is optimize for always-on local agent workflows. CEO Mark Zuckerberg also announced the “Future is For Everyone Fund” to support comminutes where data centers are built. 8. Dick’s Sporting Good was upgraded to buy from hold at Wells Fargo. Though analysts said near-term trends “appear squishy at best,” they like the risk/reward in the stock and believe a compelling multiyear story is taking place. They’re optimistic that post-acquisition steps to fix Foot Locker will lead to better profitability. 9. DuPont’s price target was bumped up a dollar to $172 at JPMorgan on the heels of last week’s earnings report . Analysts also reiterated their buy rating. DuPont’s quarter wasn’t perfect, but there was enough good to keep us owning the stock. A sustained resolution in the Middle East would be especially positive for DuPont’s clean water business. 10. Club name Boeing is selling three autonomous flight subsidiaries — Wisk Aero, SkyGrid and Insitu — to Archer Aviation . In exchange, Boeing will receive a stake in Archer and maintain access to Wisk’s autonomous flight technology through a tech-sharing agreement. This deal is aligned with CEO Kelly Ortberg’s mission to fix Boeing’s core plane and defense businesses. 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.
