My Top 10 Things to Watch for Tuesday, March 10th 1. Oil prices are falling this morning following yesterday’s wild swings, with oil prices briefly reaching a four-year high before coming off a boil. President Donald Trump says the war with Iran may be over soon, and things are going well. U.S. benchmark WTI is back below $90 a barrel, but prices are still up more than 50% for the year. Stock futures were little changed this morning. 2. Is the war “very complete, almost complete,” as President Trump told CBS News yesterday? Or will the conflict be prolonged if ships cannot pass through the Strait of Hormuz? The speaker of Iran’s parliament has said that Iran is not calling for a ceasefire, and state media reported that Iran has no intention of spilling oil from the strait if American and Israeli attacks continue. Secretary of Defense Pete Hegseth said this morning that today would be the “heaviest” day of attacks. 3. Intuit upgraded to buy from Rothschild & Co. Redburn’s hold. TurboTax and QuickBooks owners have overcome their fears of Anthropic potentially breaking their software. The stock price has risen significantly from its lows in late February, rising more than 30%. Granted, it’s still down 28.5% for the year. 4. Another software upgrade, this time in Cyber. Morgan Stanley acquired the club name CrowdStrike from Hold. The stock also rebounded strongly after facing heat from Anthropic The Destroyer, rising more than 20% from last month’s lows. As CrowdStrike CEO George Kurtz says, AI is a tailwind for cyber. 5. TD Cowen downgrades Novo Nordisk from buy to hold. Novo’s Wegovy drug is now giving the company’s obesity business a much-needed boost, but analysts said the company’s GLP-1 pipeline is not as attractive as needed. Club name Eli Lilly is a leader in obesity, with exciting next-generation assets and a unique obesity drug on the horizon. 6. Qualcomm’s growth outlook is weak, and efforts to diversify into areas such as automotive and data centers may not be enough to offset headwinds in its core mobile business, Bank of America wrote in a downgrade of the chipmaker. Analysts currently rate the stock as a Sell. There’s a lot of growth expected in other parts of the chip. We own Nvidia and Broadcom for the club. 7. The Wall Street Journal’s influential column “Hard on the Street” defended Blackstone and BlackRock this morning, saying the asset managers’ diversification would help them weather the private credit storm. We know we can do that because Carlyle doesn’t have a lot of personal credit risk associated with the software. The only ones left are Ares, Apollo, and Blue Owl. I’m worried about the private credit complex. 8. Hewlett Packard Enterprise last night raised its full-year profit outlook despite memory cost pressures. In the reported quarter, revenue was modest, but gross profit and adjusted EPS both beat expectations. The company’s networking division is expected to see strong demand as it expands its data centers. Following these results, Bank of America raised the company’s price target from $29 to $32. 9. Goldman Sachs lowered its price target on Flutter Entertainment from $270 to $205 after FanDuel’s parent company reported disappointing fourth-quarter results late last month. Analysts pointed to relaxed guidance for fiscal 2026 and a reduction in share buybacks, but still maintained a buy rating. I think prediction markets are winning. 10. Casey’s General Stores fell 3% this morning after the convenience store chain beat expectations for third-quarter profit last night but missed revenue. Management also raised its full-year operating profit margin growth forecast from 15% to 17% to 18% to 20%. The numbers looked good to me, but perhaps the outlook upside wasn’t as strong as the bulls were expecting. Description: This post has been updated to clarify that this is the Tuesday, March 10th newsletter. Sign up for free for our email newsletter for the morning’s Top 10 Thoughts on the Markets (see here for a complete list of Jim Cramer Charitable Trust stocks). As a subscriber to Jim Cramer’s CNBC Investment Club, you 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.
