My top 10 things to watch Wednesday, July 23 1. We’re headed for a higher open this morning after President Donald Trump announced a surprise trade deal with Japan for lower-than-expected tariffs of 15% on each others’ goods. He said Japan also pledged to invest $550 billion in the U.S. It could be a template for the rest of the world. 2. Club name GE Vernova reported a blowout quarter for its power and electrification segments, sending shares up almost 8% this morning. With the AI boom, power demands are far outstripping what can be made right now. Nuclear is now coming on both in Canada and in 18 months the U.S. with TVA. 3. Fabulous numbers from Capital One last night in its first report since acquiring Discover in May. The Club holding is now ready to rival American Express as the only other credit card issuer with a payments network. The combined company can compete on both the high and low ends. 4. Can the shorts close their positions in Kohl’s ? Shares of the retailer, which isn’t doing as badly as a 49% short position would suggest, flew 37.6% yesterday. This morning, the meme traders are gunning GoPro and Krispy Kreme . Opendoor is lower again this morning after a major reversal yesterday. 5. Texas Instruments shares are down big after a suboptimal forecast and grumpy earnings call, unlike the previous one. Not sure why, but its order outlook is far worse than thought. That could hurt other industrial chip names like NXP Semiconductors and Onsemi . Wells Fargo goes to $195 a share from $216 on Texas Instruments. 6. Hilton beat on the top and bottom lines with earnings of $2.20 a share and revenue of $3.14 billion. It also raised its full-year earnings guidance. The stock dropped about 2% this morning. Not sure this is all that bad. 7. Megacap earnings tonight: Tesla and Google parent Alphabet . Tesla is transitioning from automaker into full-on tech company. For Alphabet, it turns out people just care about YouTube. It’s been a strong stock lately. 8. The White House is readying an AI “action plan” designed to spur innovation and infrastructure. It’s easing Biden-era rules. Really the opposite of the Biden administration entirely. 9. Enbridge was upgraded to buy from hold at Jefferies. Canada-based Enbridge is a good situation within the midstream segment of the oil-and-gas industry. One of my favorites. 10. Baird raised its price target on Stanley Black & Decker to $75 from $65, but kept a neutral rating on the stock. I think Club name Home Depot , a big seller of its power tools, is very undervalued. 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.
