My top 10 things to watch Monday, March 10 1. We’re headed for another sharply lower open this morning. The S & P 500 ‘s 200-day moving average of roughly 5,735 is in play. Consumer confidence and inflation reports are key events this week. 2. There’s no “Trump put,” but does the president want to cause a recession? Does the stock market need to go down as the White House implements its trade policy, and if so, by how much? In my Sunday column for Club subscribers, I laid out my strategy for this moment. 3. A popular rotation trade seems be sell the growth stocks and move into value names with solid dividend payouts. Watch the performance of Johnson & Johnson versus Club holding Eli Lilly to see if it continues. 4. Club name Broadcom is another stock to watch. The strongest is usually the first to bounce back. But can it really bounce? The AI chipmaker reported an excellent quarter Thursday night. 5. Citigroup removed its positive catalyst watch on Apple after the iPhone maker delayed its AI improvements to Siri until 2026. This is the kind of thing that must happen before we get a bottom. 6. Mark Carney won the race to succeed Justin Trudeau as Canada’s prime minister. Carney is a former central banker and worked at Goldman Sachs. He can deal, and he won’t back down from President Donald Trump. 7. Jefferies downgraded Sherwin-Williams to a hold from buy, saying leading indicators pointed to a housing turnover slowdown this year and now U.S. policy shifts may further hurt demand. We’re taking the other side of this trade for the Club with Home Depot , as renovation and remodeling is now in play. 8. Truist upgraded Cracker Barrel to buy from hold, believing that the restaurant chain’s turnaround efforts are showing sustained improvement. CEO Julie Felss Masino is doing a good job, but the market has turned against restaurants. We own Texas Roadhouse for the Club. 9. Raymond James upgraded CME Group to a buy-equivalent outperform from market perform. Light financial stocks should work here despite economic concerns. We prefer BlackRock , but that one has not been able to rally. 10. Brad Jacobs’ QXO is in talks with Beacon Roofing Supply about acquiring the building products distributor for roughly $11 billion, or $124.35 a share. QXO had earlier attempted a hostile takeover of Beacon. 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.
US President Donald Trump speaks in the Roosevelt Room of the White House in Washington, DC, on March 3, 2025.
Roberto Schmidt | Afp | Getty Images
My top 10 things to watch Monday, March 10
1. We’re headed for another sharply lower open this morning. The S&P 500‘s 200-day moving average of roughly 5,735 is in play. Consumer confidence and inflation reports are key events this week.
2. There’s no “Trump put,” but does the president want to cause a recession? Does the stock market need to go down as the White House implements its trade policy, and if so, by how much? In my Sunday column for Club subscribers, I laid out my strategy for this moment.
3. A popular rotation trade seems be sell the growth stocks and move into value names with solid dividend payouts. Watch the performance of Johnson & Johnson versus Club holding Eli Lilly to see if it continues.
