My top 10 things to watch Wednesday, March 19 1. Nvidia’s Jensen Huang laid out the roadmap to remain dominant at GTC yesterday. The demand for the Club name’s chips is ridiculous, and there’s no end to AI spending in sight. I’m interviewing Jensen on CNBC in the 10 a.m. ET hour this morning. 2. Federal Reserve is widely expected to keep rates unchanged this afternoon, but the central bank’s latest economic projections and Chair Jerome Powell’s press conference at 2:30 p.m. ET could move markets. Stocks are modestly higher this morning. 3. Canaccord likes Club name Google’s $32 billion deal for cyber startup Wiz, arguing it will help the tech giant provide customers with a more holistic security offering. The price tag on the deal is a reminder of how important cybersecurity is these days. We own Palo Alto Networks and CrowdStrike for the Club. 4. Bank of America analysts are incrementally more positive on CrowdStrike after meeting with its finance chief and top accountant. BofA reiterated its buy rating and $420 price target. Yesterday, CrowdStrike touted its collaboration with Nvidia on AI agents. 5. Oppenheimer downgraded Club name Goldman Sachs to a hold-equivalent rating from outperform, citing a lackluster rebound in M & A activity. That’s been true so far. But I think you have to buy this one ahead of the Coreweave and Klarna IPOs, which should be good for other companies considering public debuts. 6. Morgan Stanley lowered its price target on Lululemon to $411 a share from $420, but kept its buy rating on the stock. Analysts are expecting the apparel maker to set conservative guidance when it reports next week. 7. TD Cowen downgraded BP to hold from buy. I don’t trust BP. If you need dividend income, look to Chevron instead. If you want an energy stock with growth, look to best-of-breed Coterra , which we own for the Club. 8. General Mills missed revenue estimates for the quarter and lowered its forecast. The Cheerios maker cited macroeconomic uncertainty for the change. Shares are down more than 3% this morning. The stock had recently benefited from a rotation into defensive stocks. 9. JPMorgan downgraded concrete and asphalt supplier Martin Marietta to a neutral rating from buy-equivalent overweight. Seems very wrong. I liked what I heard from Martin Marietta’s CEO on “Mad Money” a few weeks ago. Analysts prefer Vulcan Materials and accordingly upgraded the stock to overweight. 10. Cantor Fitzgerald upgraded Tesla to a overweight buy rating from neutral and kept its $425 price target. The stock has been roughed up this year, but analysts now see an attractive entry point ahead of big catalysts this year, including robotaxis. 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.
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Tuesday, March 18, 2025.
David Paul Morris | Bloomberg | Getty Images
My top 10 things to watch Wednesday, March 19
1. Nvidia’s Jensen Huang laid out the roadmap to remain dominant at GTC yesterday. The demand for the Club name’s chips is ridiculous, and there’s no end to AI spending in sight. I’m interviewing Jensen on CNBC in the 10 a.m. ET hour this morning.
2. Federal Reserve is widely expected to keep rates unchanged this afternoon, but the central bank’s latest economic projections and Chair Jerome Powell’s press conference at 2:30 p.m. ET could move markets. Stocks are modestly higher this morning.
3. Canaccord likes Club name Google’s $32 billion deal for cyber startup Wiz, arguing it will help the tech giant provide customers with a more holistic security offering. The price tag on the deal is a reminder of how important cybersecurity is these days. We own Palo Alto Networks and CrowdStrike for the Club.
