Jim Cramer’s top 10 things to watch in the stock market on Tuesday
My top 10 things to watch on Tuesday, Sept. 3 1. Wall Street is on track to start the holiday-shortened trading week lower. Employment data will be a key driver of activity in the coming days, with the August nonfarm payrolls report due out Friday morning. The S&P 500 in August posted its fourth straight monthly gain, despite a tumultuous start to the month. 2. Goldman Sachs removed Dollar General from its so-called American Growth List, while Barclays lowered its price target to $102 from $154. The situation is particularly dire for the discount retailer, which cut its full-year guidance last week. I think Walmart’s success is partly to blame for Dollar General’s problems. 3. Wells Fargo downgraded Boeing to the equivalent of underweight sales. Analysts say Boeing’s free cash flow per share could rise in 2027, as aircraft development costs slow product growth, and suggest the troubled company is may need to raise equity. It’s good to see analysts starting to address Boeing’s weak cash flow problem. 4. Alphabet’s shares are likely to differ due to uncertainty in handling the antitrust case that was filed against Google’s parent company last month, according to Morgan Stanley. Analysts lowered their price target to $190 a share from $205 as a result, but maintained their buy rating. We have Alphabet for the CNBC Investment Group. 5. Fellow Club holdings Amazon downgraded JMP Securities, based on analysts’ optimism about its advertising business. Amazon’s integrated advertising platform combined with an array of consumer data is an attractive network that should attract more peer-to-peer advertising dollars, analysts have argued. 6. Problems were avoided in MongoDB. Citi raised its price target on the database software maker’s stock to $400 a share from $350 after it raised its guidance on Thursday. Analysts argue that the earnings report showed its first-quarter challenges, which sent the stock cratering in late May, were merely a weakness. 7. Redburn Atlantic raised its price target on behalf of Club GE Healthcare to $105 a share from $90. Analysts say the company known for its MRI and CT machines is also benefiting from growing demand for radiopharmaceutical testing. One of those products, Vizamyl, is used to detect plaques in the brain that have long been associated with Alzheimer’s disease. 8. Jefferies downgraded Novartis to a buy rating after the pharmaceutical stock was down 20% year-to-date. Although analysts still like its long-term outlook, they believe it will take time next year for Novartis’ next batch to be approved and start to attract investors’ attention. 9. Shares of Southwest Airlines are rising after one of the two news. Sponsor investor Elliott Management now owns enough Southwest stock to call a special meeting, Reuters reports. Meanwhile, Evercore ISI upgraded the stock to the highest-equity rating, citing optimism about Southwest’s new revenue initiatives, among other reasons. 10. Volkswagen is considering closing plants in Germany for the first time in its nearly 90-year history. VW faces increasing competition in Europe from Chinese automakers and Tesla, and as a result seek to reduce costs throughout the company. Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free. get a trade warning. before Jim did the business. Jim waits 45 minutes after he sends a trade alert before buying or selling a stock in his charity portfolio. If Jim talked about a stock on CNBC TV, he waits 72 hours after issuing a trade warning before making a trade. THE ABOVE INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND OUR PRIVACY POLICY, AS WELL AS OUR CONDUCT. NO OBLIGATION OR RESPONSIBILITY EXISTS, OR IS MADE, AS A CONSIDERATION OF YOUR ACCEPTANCE OF ANY INFORMATION PROVIDED WITH THE INVESTMENT CLUB. NO STATEMENT OR SPECIFIC STATEMENT IS GUARANTEED.
My top 10 things to watch for Tuesday, September 3
1. Wall Street is on track to start the holiday-shortened trading week below. Jobs data will be a key driver of activity in the coming days, with the August non-farm payrolls report due out Friday morning. The S&P 500 in August posted its fourth straight monthly gain, despite a tumultuous start to the month.
2. Goldman Sachs pulled out Total Dollars from the so-called American Growth Index, while Barclays lowered its price target on the stock to $102 from $154. The situation is particularly dire for the discount retailer, which cut its full-year guidance last week. I think Walmart’s success is partly to blame for Dollar General’s problems.
3. Wells Fargo has downsized Boeing according to the sales equivalent of the lower weight. Analysts say Boeing’s free cash flow per share could rise in 2027, as aircraft development costs slow product growth, and suggest the troubled company is may need to raise equity. It’s good to see analysts starting to address Boeing’s weak cash flow problem.
