My top 10 things to watch Thursday, March 6 1. Stocks are headed for a sharply lower open today as Wall Street’s optimism on tariff exemptions for automobiles yesterday has given way to more uncertainty and confusion. Initial jobless claims for last week came in slightly better than expected ahead of Friday’s employment report. 2. Layoffs in February were at their highest since 2020, according to outplacement firm Challenger, Gray & Christmas. More than a third of the 172,017 layoffs last month were the result of Elon Musk’s federal government job cuts. 3. Marvell shares sank almost 18% this morning after the chipmaker didn’t guide up as strongly as people expected. The great quarter meant nothing. AI is not running out of room, even if that’s how this is being viewed. Nevertheless, other chip stocks, including Club name Nvidia , were taking a hit. 4. CoreWeave denies a Financial Times story that Club holding Microsoft walked walking away from commitments. CoreWeave, which is about to go public, helps companies with Nvidia chips, hence another reason for today’s big decline in tech. 5. MongoDB shares plunged nearly 18% this morning. The large-scale document database talked about cannibalizing itself after it actually did quite well in its latest quarter. There were multiple price target cuts on Wall Street. 6. Identity is the strongest part of cybersecurity right now. Zscaler beat the number. Okta crushed the numbers. But I think increasingly Club name CrowdStrike will win this battle as part of a suite product. 7. Does it matter that Palantir CEO Alex Karp has now sold more than $2 billion worth of company shares last year and more in 2025? The moves have been part of a predetermined sale plan. Karp still has 6.43 million shares. 8. Burlington shares jumped 13% this morning after crushing estimates with its financials numbers. Off-price retailer is a bright spot in a tough industry. Club name TJX reported a strong quarter last week. 9. Walmart is asking for major price cuts from suppliers in China, according to a Bloomberg report. That would solve the inflation problem. Who else has that kind of scale? Maybe Club name Costco ? The membership retailer reports tonight. 10. Piper Sandler raised its Coterra Energy price target to $37 per share from $34 and kept its buying rating. The Club name is really the only one other than EQT that has enough natural gas to go higher. Nat gas sentiment remains strong. 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.
People walk during heavy rain in Manhattan, New York, United States on March 05, 2025.
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My top 10 things to watch Thursday, March 6
1. Stocks are headed for a sharply lower open today as Wall Street’s optimism on tariff exemptions for automobiles yesterday has given way to more uncertainty and confusion. Initial jobless claims for last week came in slightly better than expected ahead of Friday’s employment report.
2. Layoffs in February were at their highest since 2020, according to outplacement firm Challenger, Gray & Christmas. More than a third of the 172,017 layoffs last month were the result of Elon Musk’s federal government job cuts.
3. Marvell shares sank almost 18% this morning after the chipmaker didn’t guide up as strongly as people expected. The great quarter meant nothing. AI is not running out of room, even if that’s how this is being viewed. Nevertheless, other chip stocks, including Club name Nvidia, were taking a hit.
