My top 10 things to watch Tuesday, March 18 1. Alphabet on Tuesday signed a “definitive agreement” to acquire Wiz, the New York-based cloud security startup, for $32 billion in an all-cash deal, CNBC reported . Last July, CNBC reported that Wiz walked away from a potential $23 billion acquisition by Google, announcing to employees that it would pursue an initial public offering instead. 2. Nvidia CEO Jensen Huang this afternoon will give his keynote speech at the GTC conference, the chipmaker’s new product showcase and software developer workshop. Will Jensen make clear how valuable Nvidia’s chips are to its customers and get back to being an AI visionary? 3. Goldman Sachs likes Ralph Lauren . Shares of apparel maker have fallen ridiculously and are very inexpensive. The firm said improving execution will drive more opportunities to steal market share and margin expansion. Shares are up nearly 3%. 4. Evercore ISI raised its price target on Club name Apple to $275 from $260, citing strong cash flow generation and commitment to returning 100% to shareholders. Contrary call and I don’t know if it will ply a role. 5. Club name Linde was added to Bank of America’s “US 1 List,” its collection of best investment ideas. Fellow Club holding Starbucks was added to the buy list at Argus. 6. Citi said it still expects Club name Capital One’s acquisition of Discover will still close, despite chatter that the DOJ might block the deal over antitrust concerns related to subprime exposure. Capital One shares got crushed on the rumor. The firm noted that subprime is not an issue, and had been discussed before the announcement of the deal. 7. Wells Fargo lowered its price target on RH to $375 from $500. How the heck did it get up to $500? Kept it a buy. How can you keep a buy with that kind of cut? Shares of RH closed yesterday around $225 apiece. 8. Pepsico downgraded to hold from buy at Barclays. Really odd they are changing the portfolio. Drops price target to $156 from $168 — devastating, says management not addressing the U.S. snacking issue. 9. RobinHood is doing the predictions game, launching the Predictions Markets Hub, which will allow customers to trade the outcome of events. This will add to the number of traders as people love to bet on anything. Morgan Stanley says outcomes betting could be worth $260 million in sales for Robinhood and is not in the numbers. 10. Block — I met with the company’s CFO Amrita Ahuja on Monday and came away believing that shares are really inexpensive. Sure enough, today Keefe Bruyette upgraded it for the same reasons. 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.
Nvidia CEO Jensen Huang gives a keynote address at CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. Jan. 6, 2025.
Steve Marcus | Reuters
My top 10 things to watch Tuesday, March 18
1. Alphabet on Tuesday signed a “definitive agreement” to acquire Wiz, the New York-based cloud security startup, for $32 billion in an all-cash deal, CNBC reported. Last July, CNBC reported that Wiz walked away from a potential $23 billion acquisition by Google, announcing to employees that it would pursue an initial public offering instead.
2. Nvidia CEO Jensen Huang this afternoon will give his keynote speech at the GTC conference, the chipmaker’s new product showcase and software developer workshop. Will Jensen make clear how valuable Nvidia’s chips are to its customers and get back to being an AI visionary?
3. Goldman Sachs likes Ralph Lauren. Shares of apparel maker have fallen ridiculously and are very inexpensive. The firm said improving execution will drive more opportunities to steal market share and margin expansion. Shares are up nearly 3%.
