My Top 10 Things to Watch for Monday, March 30th 1. The S&P 500 is headed higher as President Donald Trump hints at progress in U.S.-Iran war talks. This is a rare occurrence since the conflict began. Stocks are going up, and so is crude oil. Rising oil prices usually push down stock prices. The problem, as I outlined in my Sunday column for investment club members, is that the market doesn’t know how President Trump wants the war to end. 2. After five consecutive weeks of declines, the S&P 500 was down nearly 6% in March as of Friday’s close. Unlike the Dow and Nasdaq, the S&P 500 narrowly avoided falling into correction territory. In addition to developments in the Middle East, the government will release its monthly employment statistics on Friday, despite markets being closed for Good Friday. 3. Morgan Stanley says it’s time to buy Metaplatform. Emotions were low. I called for a buy on Meta last week during the club’s March monthly meeting. I’m not really worried about liability from lawsuits over social media addiction. Meta lost two lawsuits last week, and its stock price plummeted. Stock prices rose slightly this morning. 4. Wolfe Research understands that and says Anthropic’s new model requires the club name CrowdStrike to protect its AI agents. Analysts say Mythos will lead to increased annual recurring revenue for cybersecurity companies. That’s why you must buy CrowdStrike. I have long said that cyber stocks will benefit from AI, not be replaced by it. 5. Bernstein analysts said Oracle is a better story than expected and has better upside potential. They argued that both Oracle’s cloud and database businesses would be AI winners. Their $319 price target is more than double Friday’s closing price of nearly $140. Perhaps Oracle will need far less cash than previously thought? 6. Goldman Sachs begins coverage of once-beloved Qualcomm with a neutral rating. Analysts have set a price target of $135, up about 6% from Friday’s closing price. Goldman likes Qualcomm’s efforts to diversify its revenue, but worries about losing its smartphone business to companies like Apple. 7. Nike reports earnings on Tuesday night. Goldman Sachs sees mixed signals, but calls the club’s stock a buy. Analysts made their case exactly the same way we did at Friday’s meeting. I still believe in CEO Elliott Hill’s ability to turn around an iconic brand, but I want to see more progress. 8. Deutsche Bank upgraded energy drink maker Celsius to hold from buy. Analysts saw the stock fall 25% this year and lowered their price target from $56 to $44. They called it oversold. Celsius has recently suffered a blow after the club’s name, Costco, launched a cheaper energy drink. 9. Colgate-Palmolive has always been everyone’s favorite packaged product. A well-managed company. Deutsche Bank upgraded the stock from hold to buy and raised its price target to $98 from $90. Analysts are calling the recent decline a buying opportunity. In consumer staples, we own Procter & Gamble. 10. Wells Fargo called American Express stock a bearish buy. Analysts expect Platinum’s momentum to lead to higher sales when the credit card giant reports its results next month. White-collar jobs at risk from AI? Wells Fargo says the concerns are overblown. For credit cards, we own Capital One. It’s that time of year again when my charitable trust makes its annual gift to charity. This year, we donated $298,017, bringing the Trust’s total contributions since its inception to $4.5 million. Members will notice a reduction in their cash position on their trust portfolio page to reflect their contributions. I’m happy to teach people how to make money through investing and philanthropy. 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.
