My top 10 things to watch Monday, Dec. 1 1. Tech stocks and bitcoin were lower on the first day of the new month after a rough November . The S & P 500 and Nasdaq were looking at lower opens. Corporate earnings continue to trickle in this week, with Club names CrowdStrike and Salesforce on Tuesday and Wednesday evenings, respectively. 2. Bitcoin dropped below $86,000. In my Sunday column , I covered the intersection/domination of this one piece of cyber paper over dozens and dozens of instruments – and if one firm, Strategy (the old MicroStrategy) can’t handle the pressure or keep borrowing maybe the whole speculative edifice collapses. 3. Will Japan raise interest rates? The Japanese 10 year bond yield goes to 1.84%, its highest since 2008, perhaps ending the fintech monster ( yen carry trade ) that is borrow it there buy it here. Yes, they never took the money from these geniuses who did that long enough to be heroes no matter what. 4. Guggenheim is the latest to raise its Alphabet price target to $375 from $330. This is an example of the market’s dubious notion of failed capital expenditures. Alphabet has spent a fortune on capex, including to Club name Nvidia , and it has added a trillion and a half in market cap in the last year. Is that all that stupid? Reckless? 5. Nvidia has taken a $2 billion stake in chip design software provider Synopsys as part of a partnership to expand computing capacity. Shares of Synopsys surged nearly 8% this morning, while Nvidia stock tumbled over 1%. 6. Barclays cut its rating on American Tower to hold from buy, and lowered its price target to $200 from $203. Analysts say that collecting rent from EchoStar may be difficult for the tower companies following the Dish Wireless parent’s plan to sell its wireless spectrum licenses to SpaceX and AT & T . 7. Goldman Sachs initiated Joby Aviation stock with a sell rating and a price target of $10. Analysts question the aviation company’s lead in the industry, given FAA concerns. Boy, do I ever agree with this one. Club name — and much maligned — Boeing is in the real leader here. 8. Eli Lilly is lowering cash prices of single-dose vials of its weight loss drug Zepbound on its direct-to-consumer platform. Peer Novo Nordisk recently unveiled additional discounts on Wegovy. The moves build on their efforts to work with the Trump administration to make these drugs more accessible. Club holding Lilly became the first drug stock to reach a $1 trillion market cap. 9. Stifel takes Club name Home Depot ‘s price target to $350 from $370, while raising Lowe’s price target to $250 from $230. Analysts say that Home Depot’s earnings highlighted underlying weakness, while Lowe’s showed resilience. Are we on the wrong horse at the Club? I think the two home improvement retailers will trade together on multiple interest rate cuts from a new Fed chief, regardless of what the current central bank head, Jerome Powell, does. We touched on this horse race Friday . 10. Bernstein downgraded Zscaler to a hold from buy and kept its $264 price target. Citi lowered its PT on the stock to $350 from $365 and kept it at a buy. Both notes reflect the view that business at Zscaler, a cloud cybersecurity provider, is good but not accelerating. 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.
