My top 10 things to watch Monday, Oct. 13 1. JPMorgan is launching a 10-year, $1.5 trillion plan to grow investments into industries that it deems critical to national economic security. The bank itself will invest up to $10 billion in companies in areas like defense, advanced manufacturing and “frontier” tech like AI. Shares rose about 1% this morning. 2. Wall Street is on pace for a sharply higher open, following Friday’s sell-off on rising trade tensions with China. In my Sunday column for Club subscribers , I said I wanted to take the other side of emotional selling Friday. I also highlighted another growing risk to the market. 3. This is a market desperate for storage stocks thanks to AI-fueled demand. Monster moves this year. Western Digital landed price target hikes at Citi ($135 from $110) and Wells Fargo ($150 from $95). Both shops reiterated their buy ratings. Citi went to $250 from $216 on buy-rated Seagate . Wells went to $115 from $50 on hold-rated SanDisk . 4. Keefe Bruyette upped its BlackRock price target to $1,300 from $1,215 and kept its buy rating. BlackRock is one of four Club holdings set to report earnings this week. Other big things to watch this week in the market include updates on the government shutdown and China, as well as Club name Saleforce ‘s Dreamforce. I’ll be there in San Francisco for the annual confab. 5. Citi opened a 90-day catalyst watch on Meta Platforms , citing improved engagement with Reels, which can enhance ad targeting, and increased share of new ad budgets. Meta has been one of the most tangible AI beneficiaries in the portfolio. 6. BTIG upgraded Palo Alto Networks to a buy from hold on greater confidence in projected numbers. The analysts said that industry contacts were “surprisingly positive” about the Club name. In cybersecurity, we also own CrowdStrike . 7. Citi lowered its price target on Club stock Starbucks to $84 from $99. The analysts, who kept their neutral rating, see a “messy” setup into earnings. I think they are way too bearish. CEO Brian Niccol had to take out the bad stores as part of his turnaround plan. 8. Bank of America downgraded Intel to a sell from hold, saying the rally that added $80 billion in market cap was “too far, too fast.” They also question whether the Nvidia alliance gives Intel traction in new areas. ICYMI: Watch my interview with Nvidia’s Jensen Huang about the Intel deal and much more at last week’s October Monthly Meeting. Also, meet early investors in Club stock Nvidia, who struck it rich. 9. Jefferies analyst Edison Lee trimmed his price target on Club name Apple to $203.07 from $205.16. When Lee went to a sell rating and trimmed his PT on Oct. 3, I said at the time that retail investors should ignore the trader mentality of this analyst’s frequent moves. My mantra on Apple is “own it, don’t trade.” The only other stock in the portfolio with that designation is Nvidia. 10. Netflix was removed as a top pick at Morgan Stanley. However, it happens by rote; stocks in the list get moved out after six months. The analysts still have a buy rating and a $1,500 price target. 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.
