My top 10 things to watch Monday, Sept. 8 1. Wall Street was looking to open slightly higher this morning after a rocky start to September. The S & P 500 declined on Friday but still managed to eke out weekly gains. This week, we get consumer and wholesale inflation data. 2. The market expects a 25-basis-point Federal Reserve interest rate cut at next week’s meeting. But still up for debate is whether central bankers cut once more or twice more before year-end. 3. The conundrum of President Donald Trump is one I try to stay away from, as I wrote in my Sunday column . Not because I don’t want to go there, but because it hasn’t been all that lucrative to do so. I explained to Club members why it’s better to put our attention on what really matters to the market and owning stocks. 4. Has Broadcom replaced Nvidia as the key AI semiconductor company? Pretty fanciful because you need both to have a data center that’s effective. But it is now the operative narrative. 5. On that very note, Citi lowered Nvidia’s price target to $200 per share from $210. While keeping their buy rating, the analysts cited Broadcom’s comments about accelerating growth. We own their both for the Club. 6. JPMorgan raised its Oracle price target to $200 from $185 and kept its neutral rating. The analysts see Oracle’s artificial intelligence infrastructure bookings gaining ground. They do point out that Oracle shares trade a premium. Oracle reports earnings after tomorrow’s closing bell. We own Amazon and Microsoft. Oracle is fourth in cloud , behind Amazon , Microsoft , and Alphabet ‘s Google. 7. Apple is expected to announce its skinniest version of the iPhone ever as part of its refreshed iPhone 17 lineup at tomorrow’s fall product event. The real boost to margins could come from higher list prices. Meanwhile, Bloomberg reports that Club name Apple still plans to launch its iPhone’s AI features in China by year-end. 8. Mizuho lowers its Adobe price target to $460 from $530 but kept its outperform buy rating. Adobe reports earnings after Thursday’s close. The analysts recognize the negatives but said their checks of Adobe’s enterprise customers were positive. With quarterly results from Club name Salesforce out of the way, Adobe becomes the real test of the software seat model in a do-it-yourself era of AI. 9. Bank of America said it sees a “particularly attractive entry point” for Kenvue shares after Friday’s more than 9% decline. While stable this morning, the stock was slammed on reports that HHS Secretary Robert F. Kennedy Jr. plans to release a report alleging a Tylenol link to autism and ADHD during pregnancy. Kenvue is the spin-off of Johnson & Johnson ‘s consumer business. 10. Jefferies added Nike to its “Franchise Picks” list, saying Wall Street is not recognizing the sneaker giant’s turnaround progress. It’s early, but I agree. The analysts see potential for “clean inventory,” replacing the poor sellers, in the first half of 2026. I think that’s a tall order because there is so much and so little newness, yet it is coming. 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.
