My top 10 things to watch Friday, April 4 1. Get out now moment? There should never be one. Treasury yields say recession? Yes. But there are things that can help the economy such as lower interest rates. The market now sees five Fed rate cuts this year. 2. Futures tied to the Dow , S & P 500 , and Nasdaq were getting crushed for a second straight session as countries started retaliatory tariffs to President Donald Trump’s sweeping duties on imports to the U.S. China’s tariff retaliation: 34%. Trump vowed this morning his policies will “never change” after China’s response. 3. The U.S. economy added a greater-than-expected 228,000 nonfarm jobs in March. The report didn’t capture full federal jobs cuts yet, though some prior months were downwardly revised. The unemployment rate in March: up to 4.2%, above estimates. Wages year over year: up a cooler-than-expected 3.8%. 4. U.S. oil prices plunge another 8% to $61 a barrel. Lower oil means lower gas prices, which can help bring inflation down. The Fed is torn between helping economic growth or taming inflation. The market now sees five cuts this year. 5. China’s tariff retaliation is in sync with a 30% drop in earnings for Apple if no duty exemptions. The Club stock, which sank 9% yesterday after Trump’s global levies, was lower again this morning. 6. Can you own Apple through this? We sold some earlier in the year and most likely have to sell more. Probably still OK at $190 per share. That’s how bad this really is. 7. Wall Street analysts are cutting numbers for anything China including chips and semiconductor equipment. Club name Nvidia has been getting slammed. Set to open below $100 per share. 8. Citi feels Intel is making the wrong move with a potential joint venture with Taiwan Semiconductor Manufacturing . The analysts think it doesn’t work. I think it does because it might cure Intel from some nasty tariffs. 9. Barclays cut its Eaton price target to $306 per share from $315. Is the pause or the end in the AI data center trade because of a slowdown in the economy? Mizuho thinks Club name Eaton has pricing power. 10. JPMorgan cut Tesla estimates on “unprecedented brand damage” and reiterated its underweight sell rating. The analysts have a $120 per share price target on the Elon Musk-led EV maker. The stock closed at $267 yesterday. 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.
People walk past the New York Stock Exchange on Feb. 13, 2025.
Danielle DeVries | CNBC
My top 10 things to watch Friday, April 4
1. Get out now moment? There should never be one. Treasury yields say recession? Yes. But there are things that can help the economy such as lower interest rates. The market now sees five Fed rate cuts this year.
2. Futures tied to the Dow, S&P 500, and Nasdaq were getting crushed for a second straight session as countries started retaliatory tariffs to President Donald Trump’s sweeping duties on imports to the U.S. China’s tariff retaliation: 34%. Trump vowed this morning his policies will “never change” after China’s response.
3. The U.S. economy added a greater-than-expected 228,000 nonfarm jobs in March. The report didn’t capture full federal jobs cuts yet, though some prior months were downwardly revised. The unemployment rate in March: up to 4.2%, above estimates. Wages year over year: up a cooler-than-expected 3.8%.
4. U.S. oil prices plunge another 8% to $61 a barrel. Lower oil means lower gas prices, which can help bring inflation down. The Fed is torn between helping economic growth or taming inflation. The market now sees five cuts this year.
5. China’s tariff retaliation is in sync with a 30% drop in earnings for Apple if no duty exemptions. The Club stock, which sank 9% yesterday after Trump’s global levies, was lower again this morning.
6. Can you own Apple through this? We sold some earlier in the year and most likely have to sell more. Probably still OK at $190 per share. That’s how bad this really is.
7. Wall Street analysts are cutting numbers for anything China including chips and semiconductor equipment. Club name Nvidia has been getting slammed. Set to open below $100 per share.
8. Citi feels Intel is making the wrong move with a potential joint venture with Taiwan Semiconductor Manufacturing. The analysts think it doesn’t work. I think it does because it might cure Intel from some nasty tariffs.
9. Barclays cut its Eaton price target to $306 per share from $315. Is the pause or the end in the AI data center trade because of a slowdown in the economy? Mizuho thinks Club name Eaton has pricing power.
10. JPMorgan cut Tesla estimates on “unprecedented brand damage” and reiterated its underweight sell rating. The analysts have a $120 per share price target on the Elon Musk-led EV maker. The stock closed at $267 yesterday.
Just announced: Tickets for the CNBC Investing Club’s 3rd Annual Meeting are now available for non-Club members. This is your chance to participate in investing discussions, network with other investors, and most importantly, see what the Club is all about. This year, we’re escaping the New York City chill and heading down to Orlando, Florida. We invite you to join us and secure your ticket before seats run out.
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.
