My top 10 things to watch Tuesday, Sept. 9 1. Apple is expected to announce the skinniest version of the iPhone ever as part of its refreshed iPhone 17 lineup today at its fall hardware event, starting at 1 p.m. ET. This could be the kind of product that convinces some people to ditch their old phones for a new one. It’s a big deal . 2. The endless assault on the value, multiple, and “wow” factor of Nvidia , and who is driving it? Is it the customers? The Wall Street Journal’s influential Heard on the Street column examined Nvidia’s growth trajectory in a piece this morning. 3. UBS says it is time to warm up to Palantir again, citing checks on demand trends and a recent meeting with CFO David Glazer. The analysts said there is no evidence of rising pressure in the commercial or government businesses, but kept a hold rating on shares and a price target of $165. 4. AI infrastructure firm Nebius said it has struck a deal with Microsoft , worth up to $19.4 billion, to provide cloud computing power. Nebius, which was spun out from Russian company Yandex in 2023, is up more than 50% in the premarket. 5. Citi raised its price target on ServiceTitan to $123 from $111, noting the worst-case bear scenarios are overdone. New loved situation. Not insulated by artificial intelligence, but really doing well as a software-as-a-service (SaaS) company. 6. Dell Technologies said CFO Yvonne McGill is stepping down after roughly three decades with the company. Old hand David Kennedy, who has been with the PC maker for 27 years, will serve as interim finance chief. Morgan Stanley isn’t worried, saying it doesn’t believe McGill’s departure was related to company performance. Shares dipped roughly 1%. 7. Citi raised its price target on Oracle to $240 from $196 ahead of the company’s fiscal first-quarter results after the bell. BMO Capital raised its PT to $275 from $245, citing durable AI demand. BMO added, however, that margins could come under pressure. 8. The merger of Anglo and Teck Resources creates a copper giant, one of the world’s top five producers. Shares of both stocks are up on the news. 9. E.l.f. Beauty ‘s PT raised to $165 from $128 at Canaccord, which said it’s the best value offering in the group. Multiple levers for growth. 10. Casey’s General Stores ‘ first-quarter results support its premium multiple, says Wells Fargo. Shares of the convenience store chain fell more than 1% after reporting EPS of $5.77 vs. estimates of $5.02. The stock is up more than 30% this year. I talked yesterday about my love for Casey’s stock . 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.
