My top 10 things to watch Wednesday, Oct. 1 1 . Government shutdown implications? Don’t buy on the first day, but stocks have historically been higher a week after the shutdown ends. The U.S. government shut down at midnight after the Republican-controlled Senate failed to secure a temporary spending bill. 2. Nike is coming back. The sportswear and sneaker maker’s quarterly results beat expectations Tuesday after the bell, sending shares up 4%. Sure, the company still has excess inventory, and there’s been no real change in China, but the turnaround is happening, and you have to get on board before CEO Elliott Hill makes it obvious to all. JPMorgan’s Matthew Boss, the most important retail analyst, raised his price target to $100 from $93 and reiterated a buy rating. 3. Why did Pfizer and the other drug companies go up after President Donald Trump announced that the drugmaker would sell its drugs to a government program at discounted rates? Because there was no change in the earnings estimates. Buy Eli Lilly and Johnson & Johnson , which is breaking out because of its devices and cancer franchise. 4. Carvana upgraded to buy from hold at Jefferies — what slowdown? The firm, which said its consumer survey showed Carvana should deliver elevated growth and upside to consensus estimates, also raised its PT to $475 from $385. 5. United Rentals upgraded to a buy from hold at Baird, which sees an acceleration in equipment rentals after a long time of nothingness. 6. Club name GE Vernova downgraded to hold from buy at RBC Capital, which said the stock valuation reflects all the good news. I could not disagree with this call more. The power shortage for the AI buildout is palpable. 7. Wells Fargo raised its price target on CrowdStrike , also in the portfolio, to $600 from $550, noting that momentum continues to build just like CEO George Kurtz promised on the last earnings call in August. At the time, we raised our rating to a buy-equivalent 1. 8. Apple initiated with a buy at Seaport Research, citing this year’s strong product lineup, with Apple Air trending well. The firm’s price target is $310, implying nearly 22% upside from yesterday’s close. I’ve been banging the drum that this year’s iPhone class is going to drive upgrades. 9. Boston Scientific price target raised to $128 from $123 at Baird — must always recognize that the medical device stocks have a premium over the drug companies. 10. Wells Fargo added ServiceNow to its Q4 tactical ideas list, citing several catalysts, including a boost to its U.S. public sector business. This is the only software-as-a-service (SaaS) name able to benefit from AI. Wells also added Capital One to the list, citing monthly credit and accelerating buybacks as catalysts. This Club stock was down 10 bucks yesterday, and it was terrible. 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.
