My top 10 things to watch Friday, Sept. 26 1. The S & P 500 opened higher this morning after three down days in a row. Core consumer inflation in August rose 2.9% year over year, as expected. Bond yields dropped. Good for mortgage rates. 2. Home Depot , which relies on the housing industry, was added to the analyst focus list at JPMorgan on expectations of multiple expansion. It’s one of the best long-term stories in retail. There is still time to register to have your book, “How to Make Money in Any Market,” signed at the Barnes & Noble on 555 5th Ave. in New York City on Tuesday at noon ET. 3. President Donald Trump announced 100% tariffs on patented drugs next week unless companies build plants in the United States. Many, including Eli Lilly, are already doing so. 4. The president also announced 25% tariffs on imported heavy trucks; 50% tariffs on kitchen and bathroom cabinets and vanities; and 30% tariffs on upholstered furniture. These also go into effect next week. 5. Thousands of people lined up for the grand opening of an Apple store in the Ginza district of Tokyo. Evercore ISI survey signs continued strong demand for the new iPhones. 6. Wedbush analyst Dan Ives, right on cue, raised his Tesla price target to $600 from $500, saying the value of the company is not in cars, but in robots and autonomous. 7. Costco reported a better-than-expected quarter . But the numbers are not a catalyst for the high-multiple stock. There was a slight degradation of year-over-year signups. The value of Costco is too great to ignore. That’s why you have to own it. 8. Citi analysts raised their price target on Morgan Stanley to $155 from $130, but that’s still below yesterday’s $158 close. We like Goldman Sachs for the Club. 9. Morgan Stanley raised its Microsoft price target to $625 from $582 on what looks like capacity constraints, as indicated by all the recent cloud and AI deals. 10. The Wall Street Journal reports that the FAA is set to ease some Boeing 737 MAX production restrictions. The stock, our newest in the portfolio, surged more than 4%. Lots of demand for Boeing aircraft from other countries looking to reduce trade deficits with the U.S. 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, including HD, LLY, AAPL, MSFT, GS) 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.
