My top 10 things to watch Tuesday, Dec. 9 1. Stocks were little changed early this morning after yesterday’s down session . Traders are awaiting the Fed’s next interest rate decision on Wednesday afternoon. The market is pricing in 89% odds of a 25-basis-point cut, according to the CME FedWatch tool. This would be the third rate cut of the year. 2. President Donald Trump said that Club name Nvidia can ship its H200 AI chips to certain customers in China in return for a 25% cut for the U.S. government. Wells Fargo analysts called it an “incremental positive.” Shares of the chipmaker were up 1% early this morning. The big question is: Will customers in China actually buy the chips? 3. Goldman Sachs initiated Danaher with a buy and price target of $265. Analysts see large-cap life sciences stocks returning to growth, but remain cautious on the recovery of end markets like drug discovery. Danaher is a big, underperforming biotech and life science company that the Trust owns. It’s a diluted recommendation from Goldman, though, because the analysts also like competitors Agilent and Thermo Fisher Scientific . I talked about the dynamic here on “Mad Money” last week . 4. PepsiCo reached an agreement with activist investor group Elliott Investment Management to lower costs and prices. Elliott disclosed a $4 billion stake in PepsiCo in September. The question is: Will it matter given that next year GLP-1 weight loss drugs, such as the ones from Club name Eli Lilly and peer Novo Nordisk , will be covered in many instances? 5. Wolfe Research upgraded Eaton to a buy from a hold. Analysts, who kept their price target of $413, expect 2026 to be a good year for the company’s electrical backlog conversion. This is not only one of our data center plays, but it’s perhaps the most important electric power equipment company in the AI food chain. The industrial stock rose 1.5%. Yesterday, Deutsche Bank named Eaton a top 2026 pick . 6. Citi lowered its price target on Club name Nike to $70 from $74 and maintained a hold ahead of next week’s fiscal 2026 second quarter earnings. Analysts see the footwear giant beating on earnings, but expect fiscal third-quarter sales guidance to be underwhelming. Nike is going through a turnaround, and I believe in CEO Elliott Hill’s vision for fixing the iconic brand. We reported last week on a senior leadership shakeup. 7. Goldman Sachs upgraded Viking to a buy from hold and raised its price target to $78 from $66. The analysts said that the cruise line is differentiated from the others. I agree. Goldman downgraded Norwegian Cruise Line to hold from buy and trimmed its PT by $2 to $21, citing too much Caribbean capacity. The analysts also cut their Royal Caribbean PT to $275 from $334 but kept their buy rating, arguing that 2026 will be a year of transition. 8. Stifel cut its price target on Adobe to $450 from $480 ahead of the company’s fourth-quarter results late tomorrow. The analysts, who kept their buy rating on shares, say it’s “no secret” that an overhang for the stock has been the narrative that artificial intelligence will hurt creative departments. 9. Home Depot offered cautious guidance at its 2025 Investor and Analyst Conference this morning. It makes sense because homebuilder Toll Brothers gave the same. Club name Home Depot depends on housing, which is stuck due to mortgage rates that are still too high. We need the Fed to cut interest rates. 10. Stifel analysts suggested that speculation about Marvell Technology losing Amazon as a custom chip customer is “without merit.” The firm kept its buy rating on Marvell, whose shares bounced slightly this morning after yesterday’s 7% decline. Stifel also implied doubts about a report that Microsoft was considering a switch to Broadcom . The analysts did not mention any of these companies by name in their note outlining their case. 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 NVDA, DHR, ETN, NKE, AMZN, MSFT, AVGO.) 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.
