My top 10 things to watch Tuesday, March 17 1. Jensen Huang made lots of news during his keynote at Nvidia’s GTC conference yesterday, including a new chip for AI inference . Standalone CPU racks are coming. New innovations in networking, including optical. My takeaway from it all: Wall Street’s sales and earnings estimates are too low. Its NemoClaw stack for deploying personal AI agents sounds as important as ChatGPT. 2. Stock futures are in the green this morning despite oil prices trading higher. When oil goes up, we’re supposed to be down in the market. Not happening today, at least. U.S. benchmark WTI is up 2% to over $95 a barrel. Energy infrastructure in the UAE was hit with a fresh wave of attacks . Israel said Iran’s security chief was killed overnight in airstrikes. 3. Honeywell could see a small hit to first-quarter revenue and a minor delay in Middle East shipments due to the Iran war, CEO Vimal Kapur said at a conference this morning. But the important thing is that Kapur said that it won’t impact the full-year guide. Remember, Honeywell is breaking itself up like fellow Club name DuPont did. This is just another obstacle that investors need to overcome to reap the spin-off rewards. 4. HSBC downgraded Club name Eli Lilly to sell from hold, with analysts reducing their medium-term sales forecast for the GLP-1 market and arguing the stock is priced to perfection. We’ll take the other side of the trade here. Lilly’s got an obesity pill on the way, and rival Novo Nordisk’s next-generation pipeline leaves much to be desired. 5. Dover was upgraded to buy from hold at Wells Fargo, which sees the industrial conglomerate benefiting from the Iran war in two ways. If there’s a de-escalation, the market will focus on Dover’s accelerating organic growth and its exposure to businesses with shorter lead times, such as fuel pumps and refrigeration components. If the Iran conflict persists, analysts say Dover has limited Middle East exposure, pricing power, and has the cash to step up share repurchases. 6. A round of small price target bumps for Dollar Tree , including from Truist and Piper Sandler. The discount retailer posted a surprisingly good quarter yesterday, beating on both the top and bottom lines. Its shift in pricing strategy is starting to pay off. The fact is, people expected the stock to be down, but costs are down and sales are up. That’s how you get a 6% pop. 7. We’ll hear from fellow discount retailer Five Below tomorrow. Ahead of the quarter, Mizuho raised its price target to $205 from $185 but kept its hold rating, citing high expectations. CEO Winnie Park has done an impressive job since taking over in late 2024. This remains the No. 1 low-priced merch play. 8. Citi is the latest shop to cut its price target on Lennar after the homebuilder’s earnings report made it clear the housing market is still weak. Citi went to $104 from $113. Without rate cuts, this group of stocks is toxic. Mortgage rates have been going the wrong way since the Iran war broke out. 9. T-Mobile lands a price target bump at Citi, which went to $225 from $200 and kept its hold rating. First PT increase for this one in weeks. T-Mobile had been the growth name among the carriers. But over the past year, the stocks of Verizon and AT & T have actually been the outperformers. 10. Argus downgraded DraftKings to hold from buy, worrying about higher costs to acquire customers, increased state taxes, and competition from prediction markets. That last one is why this has become such a problematic stock. 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.
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