Jim Cramer's top 10 things to watch in the stock market Thursday
My top 10 things to watch Thursday, July 9 1. We're looking at a slightly higher open for the S & P 500 . Nasdaq futures are more solidly in the green, led by none other than the chip stocks. The Nasdaq mounted an...
S&P 500 (SPY) Temmuz'da (DÜŞÜK) 710 Doları vuracak mı?
An important development from the financial markets: My top 10 things to watch Thursday, July 9 1. We're looking at a slightly higher open for the S & P 500 . Nasdaq futures are more solidly in the green, led by none other than the chip stocks.
The Nasdaq mounted an impressive late-day rally yesterday to close up, while the S & P 500 and Dow were pulled down by reignited tensions with Iran. 4% yesterday, WTI crude is up less than 1% this morning. stock listing is more than seven times oversubscribed.
Economic Details
The South Korean memory giant is raising $28 billion, with shares set to start trading on the Nasdaq tomorrow. It will also continue to trade in South Korea. I'm starting to worry about excessive new supply of both debt and equity weighing on this bull market.
Not in the danger zone yet, but if the offerings keep coming, we won't be safe from oversupply. Mixed quarter from PepsiCo — slight earnings miss but nice revenue beat. The beverage business is the standout in North America, with volume growing.
Not so clear on the snack side, home to Frito Lay. Pepsi warned about higher input costs in the second half of the year. Will learn more from CEO Ramon Laguarta, who joins us on "Squawk on the Street" this morning.
Analyst Views
Shares are off 2% premarket. Five Below was upgraded to buy from hold at Mizuho Securities. With shares pulling back almost 30% from their April peak, analysts said the risk/reward looks much better considering the company is retaining new customers well and the merchandising team is firing on all cylinders.
CEO Winnie Park has done an impressive job since taking over in late 2024, but the health of the lower-end consumer is something to watch here. Truist upgraded Solstice Advanced Materials to buy from hold following this week's 24% plunge on its Element Solutions acquisition. The market clearly is not a fan of the deal, which was announced Monday morning.
But I like the specialty chemical maker's move to beef up its semiconductor exposure. CEO David Sewell told me on "Mad Money " he knows they'll need to execute to prove the Street wrong. Another upgrade of Old Dominion Freight Line as the freight cycle rebounds from a multiyear downturn.
Financial markets are tracking the development closely as investors assess the likely impact.
