The Club’s top 10 things to watch Monday, Dec. 29 1. Stock futures fell early this morning as Wall Street kicks off another holiday-shortened trading week. This comes on the heels of the S & P 500 reaching several record highs last week. The New York Stock Exchange and the Nasdaq will be closed on Thursday for New Year’s Day. 2. Investors will receive key economic data prints this week . On Wednesday afternoon, the Federal Open Market Committee will release minutes from its December meeting. These can provide greater clarity on what’s next for interest rates after the U.S. central bank cut rates for the third time this year earlier this month. Additionally, the government’s weekly look at first-time jobless claims filings comes out on Wednesday. 3. Amazon has reportedly canceled plans to start drone delivery services in Italy. The tech behemoth said that although it has made decent progress with aerospace regulators, other broader business regulatory issues did not support the project. 4. Japan’s SoftBank on Monday said it has agreed to buy data center investment firm DigitalBridge for $4 billion as part of its artificial intelligence push. SoftBank CEO and Chairman Masayoshi Son said the acquisition “will strengthen the foundation for next-generation AI data centers” and advance the firm’s vision to become a leading “Artificial Super Intelligence” platform provider. 5. Nvidia has officially purchased the $5 billion stake in Intel , finalizing the transaction it announced back in September, according to a securities filing on Monday. The AI chipmaker said earlier this year that it would purchase Intel common stock for $23.28 per share. “What this does is cement Nvidia as being the company that has, basically, a soup-to-nuts offering. You go all the way from the PC to the highest end,” Jim Cramer said when the deal was first announced in September. 6. Wall Street analysts came out positive on Nvidia’s announced licensing deal with Groq. Citi analysts called the news a “clear positive.” Meanwhile, Truist said it should help “fortify” Nvidia’s competitive advantage in the semiconductor market, citing intensifying competition from specialized chips from Google and Broadcom . 7. Tigress Financial reiterated its buy rating on Club name Boeing , with a $275 price target on shares. Analysts cited the chipmaker’s record backlog, which provides years of revenue visibility. 8. UBS analysts are “very bullish” on shares of footwear giant On Holding . Following the firm’s annual athletic wear survey, analysts say On has rising brand awareness and will likely gain market share going forward. UBS maintained a buy rating on the stock and a $85 price target. For the Club’s part, we own Nike . 9. JPMorgan cut its price target on KB Home to $50 from $71 and kept its hold rating on shares. The firm reduced its earnings estimates following the company’s fiscal fourth-quarter report earlier this month. Raymond James downgraded KB to hold from buy last week. Homebuilders keep getting pushed down. We own Home Depot : Jim Cramer says it’s the best way to play lower interest rates going into 2026. 10. Bank of America CEO Brian Moynihan expects the Trump administration’s tariffs to de-escalate next year after the trade policies shook the U.S. economy in 2025. “To go from a 10% across-the-board to 15% for the broad base of countries — not a huge impact,” Moynihan told CBS News ‘ Face the Nation . “And that’s where our team says it’s starting to de-escalate.” Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free . (See here for a complete 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.
