Business

The top 10 things to watch in the stock market according to Jim Cramer on Wednesday

My Top 10 Things to Watch Wednesday, June 12 Stocks jumped after the May consumer price index came in colder than Wall Street expected. Bond yields fell after CPI, with the Fed-sensitive 2-year Treasury yield hitting its lowest level since April 5. The Dow, S&P 500 and Nasdaq were up nearly 1% each. Despite the encouraging post-CPI inflation picture, I'm still not convinced that a September Fed interest rate cut is guaranteed. The timing of the report's release is opportune: Fed Chairman Jerome Powell will hold his post-June press conference later Wednesday. Oracle had a truly explosive quarter when it came to the remaining performance obligation (RPO) position. Oracle Cloud Infrastructure's momentum has been impressive. The company announced cloud deals with Alphabet's Google and Microsoft-backed OpenAI. Oracle jumped 8%. Amazon's cloud unit has announced a billion-dollar investment in Taiwan, launching Amazon Web Services (AWS) infrastructure there. Taiwan is a geopolitical hotspot, with China claiming the autonomous island as its own. It is also a major semiconductor manufacturing center. After two straight days of endless news and analysis devoted to Apple's AI announcement, there's a lot to talk about how so-called Apple Intelligence will improve the fortunes of other stocks. Many of these spin-off games are part of our Club portfolio and go beyond technology. The long knives are out for Elon Musk ahead of Tesla shareholders' vote on his $56 billion pay package. Citi analysts, however, see an improvement in confidence in the electric vehicle giant. They cited Robo Taxi Day, scheduled for August 8, as an important moment. Morgan Stanley analysts believe Tesla could make a smartphone. GameStop raises more than $2 billion by selling 75 million shares, building its cash by taking advantage of the latest meme stock market frenzy. When is this thing going to be heavy? Is GameStop actually a SPAC? Can CEO Ryan Cohen reinvent the video game retailer? Eli Lilly has become the world's most valuable drugmaker on the promise of its blockbuster treatment for diabetes and obesity. To join the $1 trillion market cap club, it will need help from the court, including an Alzheimer's drug that moved closer to commercialization this week. General Motors has approved a new buyback, adding to our frustration that the Ford portfolio name has not yet embarked on its own buyback program. While encouraged by the success of Ford's hybrid pivot, a significant stock buyback program would be a catalyst for Ford shares, as it has been for GM. National Amusements has ended negotiations with Skydance over a proposed merger with Paramount. It ended months of talks over a deal. National Amusements is owned by Shari Redstone, who is also the majority shareholder of Paramount. Paramount shares fell more than 2.5%. Sign up for my free e-newsletter Top 10 Morning Thoughts on the Market (see here for a complete list of stocks from Jim Cramer's Charitable Trust.) As a subscriber to CNBC Investing Club with Jim Cramer, you will receive a trade alert. before Jim made a trade. Jim waits 45 minutes after a trade alert is sent before buying or selling a stock in his charity's portfolio. If Jim talked about a stock on CNBC TV, he waits 72 hours after the trade alert is issued before executing the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, AS WELL AS OUR DISCLAIMER. NO OBLIGATION OR FIDUCIARY OBLIGATION EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO SPECIFIC RESULTS OR PROFITS ARE GUARANTEED.

My top 10 things to watch for Wednesday June 12

Stocks jumped after May's consumer price index came in colder than Wall Street expected. Bond yields fell after CPI, with the yield sensitive to the Fed. Cash flow over 2 years reaching its lowest level since April 5. DowTHE S&P500 and the Nasdaq were looking for almost 1% each.

Despite the encouraging post-CPI inflation picture, I'm still not convinced that a September Fed interest rate cut is guaranteed. The timing of the report's release is opportune: Fed Chairman Jerome Powell will hold his post-June press conference later Wednesday.

Oracle had a truly explosive quarter in the remaining performance obligation (RPO) position. Oracle Cloud Infrastructure's momentum has been impressive. The company announced cloud deals with Alphabet's Google and Microsoft-backed OpenAI. Oracle jumped 8%.

Amazon's cloud unit announced a billion-dollar investment in Taiwan, launching Amazon Web Services (AWS) infrastructure there. Taiwan is a geopolitical hotspot, with China claiming the autonomous island as its own. It is also a major semiconductor manufacturing center.

After two consecutive days of endless news and analysis devoted to AppleWith the announcement of AI, there is much to be said about how so-called Apple Intelligence will improve the fortunes of other stocks. Many of these spin-off games are part of our Club portfolio and go beyond technology.

The long knives came out for Elon Musk before the You're here shareholder vote on his $56 billion pay package. Citi analysts, however, see an improvement in confidence in the electric vehicle giant. They cited Robo Taxi Day, scheduled for August 8, as an important moment. Analysts at Morgan Stanley believe Tesla could make a smartphone.

Stoppage of play raises more than $2 billion by selling 75 million shares, building up its cash flow by taking advantage of the latest stock market frenzy. When is this thing going to be heavy? Is GameStop actually a SPAC? Can CEO Ryan Cohen reinvent the video game retailer?

Elie Lilly has become the world's most valuable pharmaceutical manufacturer thanks to the promise of its blockbuster treatment for diabetes and obesity. To join the $1 trillion market cap club, it will need help from the court, including an Alzheimer's drug that moved closer to commercialization this week.

General engines approved another buyout, adding to our frustration that the name of the wallet Ford has not yet launched its own buyback program. While encouraged by the success of Ford's hybrid pivot, a significant stock repurchase program would be a catalyst for Ford shares as it has been for GM.

National Amusements has ended negotiations with Skydance over a proposed merger with Primordial. It ended months of talks over a deal. National Amusements is owned by Shari Redstone, who is also the majority shareholder of Paramount. Paramount shares fell more than 2.5%.

Subscribe to my Top 10 Morning Thoughts on the Market email newsletter for free

(See here for a complete list of actions of Jim Cramer's Charitable Trust.)

What Investing Club members are reading right now

As a subscriber to CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after a trade alert is sent before buying or selling a stock in his charity's portfolio. If Jim talked about a stock on CNBC TV, he waits 72 hours after the trade alert is issued before executing the trade.

THE ABOVE INFORMATION ABOUT THE INVESTMENT CLUB IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, WITH OUR DISCLAIMER. NO OBLIGATION OR FIDUCIARY OBLIGATION EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO SPECIFIC RESULTS OR PROFITS ARE GUARANTEED.

Sources

1/ https://Google.com/

2/ https://www.cnbc.com/2024/06/12/jim-cramers-top-10-things-to-watch-in-the-stock-market-wednesday.html

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos