wmaker090@gmail.com
The Club’s 10 things to watch Tuesday, June 17 — Today’s newsletter was written by Zev Fima, the Investing Club’s portfolio analyst 1. Stocks are tracking for a lower open this morning after President Donald Trump left the G7 meeting early, suggesting the conflict between Israel and Iran was intensifying with a call to “immediately evacuate Tehran.” 2. Oil prices rose around 1% this morning, in line with the intensification of the Israel-Iran war. Separately, OPEC yesterday trimmed its 2026 global supply growth forecast. The oil cartel revised down its estimate for U.S. supply growth, while keeping its demand outlook unchanged. 3. Barclays raised its price target on Club name Nvidia to $200 a share from $170 and reiterated its overweight buy rating. Analysts sees upside to July quarter revenue versus current estimates following supply chain checks. 4. Club holding Amazon announced that its annual Prime Day even starts on July 8 and will last for 96 hours, double its usual length. Elsewhere, the May retail sales came in weaker-than-expected this morning, but there’s still some noise in those numbers after a tariff pull-forward effect in March. 5. Wells Fargo reiterated its overweight buy rating on Club name Meta Platforms , calling the WhatsApp monetization news a positive indicator for the company’s next product cycle. As we wrote yesterday for Club members, we’re big fans of this long-awaited move for WhatsApp. 6. Morgan Stanley trimmed its price target on Nike to $61 a share from $70 and it’s become “slightly more negative” on its hold-equivalent equal weight rating. Analysts aren’t seeing positive demand signals and believe innovation is lacking. The good news may simply be how bearish investors already are on the name. 6. Club holding Eli Lilly announced an agreement to acquire Verve Therapeutics , a clinical-stage company working on medicines for cardiovascular disease that use gene editing. The deal could be worth up to $1.3 billion if certain milestones are hit. Lilly and Verve had an existing partnership. 7. Shares of homebuilder Lennar climbed nearly 2% this morning after beating on second-quarter sales but missing on earnings. Co-CEO Stuart Miller said Lennar continues to “see softness in the housing market due to affordability challenges and a decline in consumer confidence” 8. A number of price-target hikes for Olive Garden owner Darden ahead of earnings later this week. Wells Fargo went to $225 a share, citing positive casual dining trends and share gains for the restaurant operator. Bank of America went to $252, and BTIG went to $235. We own Texas Roadhouse in casual dining. 9. Solar stocks are under pressure after the Senate’s version of Trump’s spending and tax bill included full cuts to solar and wind power tax incentives by 2028. The Invesco Solar ETF is down more than 10% this morning. However, the Senate’s bill is more positive for nuclear, hydropower and geothermal energy than the House version. 10. Lenskart is working on filing for an initial public offering in the coming weeks, Bloomberg News reported . The Softbank-backed firm is the largest eyewear maker in India. While Club name Goldman Sachs isn’t involved in the deal, per Bloomberg, it’s nevertheless a good sign to see more IPO activity around the globe. 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.
