My top 10 things to watch Tuesday, July 8 1. Living with contrived chaos. That’s what we are doing with trade policy like this from the White House. It’s all deliberately created. Nothing has to be done like this. If you have the market at record highs, you can get away with this. That’s what it is about. 2. CoreWeave CEO Michael Intrator told me last night on “Mad Money” that business with Club name Nvidia is incredibly strong and the upgraded version of Nvidia’s Blackwell AI servers are shipping in volume. Still, multiple analysts downgraded CoreWeave after its $9 billion, all-stock Core Scientific deal . 3. Guggenheim downgraded Datadog to sell from neutral with a price target that implies more than 30% downside. Analysts are concerned that OpenAI, which they believe is Datadog’s largest customer, is working toward in-house observability software. 4. Club name Capital One was upgraded to buy from hold at TD Cowen. The analysts, which also raised their price target to $258 a share from $184, noted Capital One is the rare owner of an actual payment network. That’s exactly why we took a stake in the Club earlier this year before the Discover deal closed. 5. Citi upped its price target on Carvana to $415 from $325 and kept its buy rating on the used car dealer. The stock closed yesterday at $357.32. These analysts can’t get their arms around how much better Carvana is than the other guys. 6. Semiconductor equipment maker KLA Corp. was downgraded to a hold-equivalent rating from overweight at Wells Fargo after the stock’s big advance. This kind of call would never happen to an enterprise software stock that got hot. 7. Wolfe Research upgraded Stanley Black & Decker to a hold-equivalent from sell. For the first time in two years, analysts said they’re not overly concerned about negative earnings revisions. The toolmaker’s end markets also appear to be troughing, they said. 8. Regional banks have trailed the broader financials group this year, but UBS believes a catch-up trade is due now that worse-case economic scenarios are off the table. The firm upgraded KeyCorp to buy from hold with a price target that implies 20% upside. 9. Wells Fargo loves the setup for Amazon shares into second-quarter earnings season, citing resilient retail spending trends and easing hardware supply constraints for cloud unit AWS. Club name Amazon’s annual Prime Day shopping event kicked off today. 10. Shares of Newmont have had enough of a move, according to Goldman Sachs, which downgraded the mining stock to neutral from buy. It’s up more than 60% year to date, benefiting from its gold exposure. 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.
