My top 10 things to watch Friday, Dec. 19 1. The S & P 500 and Nasdaq were heading for slightly higher opens this morning after a snapback rally yesterday. The AI trade has been all over the place this week. 2. Citi resumed coverage of CoreWeave with a buy and a $135 price target, nearly double yesterday’s close. Controversial because the upstart AI computing provider issued light guidance last month. 3. The valuation of OpenAI could go to $830 billion, up from $750 billion yesterday morning and $500 billion on Monday. Is this possible? OpenAI is in the midst of another funding round. 4. Nike shares were dropping 11% after a rough quarter in China and disappointing guidance. CEO Elliott Hill’s turnaround in North America showed progress , though. Widespread price target cuts on Wall Street. We trimmed our PT on the Club stock, too. 5. Wells Fargo favored Walmart over Costco , increasing its price target on the former to $130 from $120 and cutting the latter to $900 from $1,000. This week, we booked profits and trimmed our Costco position by half due to the stock’s recent slump. 6. Morgan Stanley raised its price targets on Dollar General and Dollar Tree . These are two faves ahead of possibly overturned tariffs. The analysts also increased their PT on Five Below . 7. Analysts’ price targets on FedEx moved higher after the package delivery giant reported a quarterly beat. The consensus was lots of upside ahead. CEO Raj Subramaniam told me on “Mad Money” last night, “FedEx is the heartbeat of the industrial economy.” 8. Truist raised its Tesla price target to $444 from $406. The analysts, who kept their hold rating, established 2027 estimates for their semiconductor and artificial intelligence coverage group. 9. For the same reason, Truist raised its price targets on our two Club chipmakers: Broadcom to $510 from $500 and Nvidia to $275 from $250. Additionally, the analysts kept their buy ratings on the stocks, saying AI infrastructure stocks “remain cheap” relative to expected growth rates. 10. JPMorgan increased its price target on Club name Boeing to $245 from $240 and kept its buy rating. The analysts think the aerospace and defense sector will remain mostly positive next year. 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.
