My top 10 things to watch Thursday, July 3 1. Wall Street is set for a higher open after better-than-expected June job creation. The S & P 500 closed at another record high yesterday as President Donald Trump announced a Vietnam trade deal. Investors are also watching House voting on the Trump-backed megabill of spending and tax cuts. The U.S. stock market closes early today and is closed tomorrow for the Fourth of July. 2. The government this morning reported 147,000 nonfarm job additions for last month. The unemployment rate dipped to 4.1% versus expectations of a slight rise 4.3%. The data makes it tougher for Trump to argue for a Fed interest rate cut. 3. The U.S. lifted China trade curbs on Cadence and Synopsys . They make electronic design automation software needed for the most advanced Nvidia chips. Club name Nvidia also works directly with them for its software. Speaking of China, quarterly sales of Apple iPhones there grew for the first time in two years . 4. Bank of America analysts revealed their best stock ideas for the third quarter. Among the names are Cisco Systems and Boeing . They are in the Bullpen, which is our watch list for the Club. I like these . 5. Wells Fargo raised its price target on Club name BlackRock to $1,180 a share from $1,105. The analysts, who kept their buy-equivalent rating, expect an OK quarter. BlackRock reports on July 15 when financials kick off earnings. 6. The Financial Times explains how Goldman Sachs was the biggest winner of easier Fed stress tests. That echoed our commentary yesterday after Club names Goldman and Wells Fargo announced big dividend hikes. 7. Needham upgraded Club name Meta Platforms to hold from an underperform sell rating. No price target was given. The analysts cited positive channel checks but are worried about margin risk. 8. Citi analysts opened an “upside 90-day catalyst watch” on Club name DuPont . They also raised their price target on the Club stock to $85 from $75. Citi sees less tariff pressure than its analysts had previously thought. 9. Goldman Sachs raised its Tesla price target to $315 from $285, basically matching yesterday’s close. Latest deliveries were meaningfully better Goldman analysts had forecast. They kept Tesla at a neutral rating. 10. Constellation Brands is not much worse, to be fair, and the Corona and Modelo brewer has great cash flow. But beer sales are not strong due to ICE raids, GLP-1s, gummies, and health concerns. Guidance was reiterated. 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.
