My top 10 things to watch Thursday, April 10 1. Wall Street is tracking for a lower open this morning, giving back some of yesterday’s explosive rally after President Donald Trump paused some of his “reciprocal” tariffs for 90 days. We have to juggle that pause with the fact he also upped the tariff rate on China to 125%. 2. Consumer inflation for March came in at 2.4%, below the 2.6% expected annual increase. The inflationary impact of tariffs, even at reduced rates, in the coming months is still something to monitor. 3. The only stock in the S & P 500 to hit a new 52-week high yesterday? Club name TJX Companies , which had held up much better than the overall market during the four-day tariff skid. In fact, the off-price retailer’s stock surge yesterday was an intraday all-time high. 4. Apple , Nvidia , Broadcom and Tesla : Short-sellers had circled the wagons on those four stocks during the sell-off. If they can be brought down again after yesterday’s surge, shorts will try to rebuild broken positions. That’s your handbook worth watching. 5. Tesla was hit with some price target cuts, including at UBS, which went to $190 a share from $225 on the sell-rated stock. Goldman, which has a neutral hold rating on Tesla, went to $260 a share from $275. 6. UBS also downgraded General Motors to neutral from buy, citing tariff and demand risks. The analysts also lowered Ford ‘s price target to $9 a share from $10. Tariffs are making cars more expensive. 7. Truist cut its price target on Club name Amazon to $230 per share from $265; still 20% upside from yesterday’s close. The analysts, who kept their buy rating, cut next year’s revenue estimates on tariff concerns. CEO Andy Jassy told CNBC today he thinks third-party sellers will pass the cost of levies onto consumers. 8. Piper Sandler lowered its price target on Club name Meta Platforms to $610 per share from $775; only 4% upside to yesterday’s close. The analysts kept their overweight buy rating. They see Meta as best in digital ads. 9. Piper thinks Alphabet won’t make its numbers. Worries about ads. I agree. The analysts cut price target to $185 per share from $208. Curiously, Piper didn’t change its rating and kept the Google parent at an overweight. 10. Barclays took Club name Danaher to overweight from a hold-equivalent but cut its price target to $205 per share from $240. The analysts cited the recent stock decline for the upgrade but said valuation remains expensive. 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.
U.S. President Donald Trump reads a paper during an event with the racing champions from NASCAR Cup Series, NTT IndyCar Series, and IMSA WeatherTech SportsCar Championship, at the White House in Washington, D.C., U.S., April 9, 2025. REUTERS/Nathan Howard
Nathan Howard | Reuters
My top 10 things to watch Thursday, April 10
1. Wall Street is tracking for a lower open this morning, giving back some of yesterday’s explosive rally after President Donald Trump paused some of his “reciprocal” tariffs for 90 days. We have to juggle that pause with the fact he also upped the tariff rate on China to 125%.
2. Consumer inflation for March came in at 2.4%, below the 2.6% expected annual increase. The inflationary impact of tariffs, even at reduced rates, in the coming months is still something to monitor.
3. The only stock in the S&P 500 to hit a new 52-week high yesterday? Club name TJX Companies, which had held up much better than the overall market during the four-day tariff skid. In fact, the off-price retailer’s stock surge yesterday was an intraday all-time high.
