My top 10 things to watch Tuesday, June 10 1. Disney will pay $438.7 million to CNBC parent Comcast to take full control of streaming service Hulu. Disney, which we own for the Club, had already paid $8.6 billion to Comcast. I’m talking to Disney CEO Bob Iger on “Squawk on the Street” this morning. 2. Apple’s artificial intelligence updates at WWDC were disappointing, though we admittedly weren’t expecting much heading into the event. Apple “still has the ingredients to make it an AI winner,” Morgan Stanley wrote. Citi argued Apple’s stock is set up well for 2026, when the personalized Siri is expected. 3. Yet another downgrade of McDonald’s , the third one in a few days. Redburn Atlantic joined Morgan Stanley and Loop Capital in doing so. Redburn expressed long-term concerns over GLP-1 drugs dampening appetites. 4. Wall Street is tracking for a slightly higher open this morning. We’re all waiting on more details from the U.S.-China trade talks, which are continuing for a second day in London. Consumer inflation report is tomorrow. 5. Simon Property Group’s price target was lowered to $169 a share from $182 at Mizuho Securities. I think this is the premier mall operator and worth a higher price. 6. Citigroup opened a 90-day catalyst watch for Qorvo and Skyworks Solutions , both players in the radio frequency space and Apple suppliers. Analysts have sell ratings on both stocks, but said they’re seeing positive signs in the supply chain. 7. Bank of America upped its price target on Cardinal Health to $170 a share from $165 and kept its buy rating ahead of the company’s investor day Thursday. That event should be a very, very big deal. Cardinal Health tells a great story. 8. Wolfe Research and Susquehanna lifted their PTs on Live Nation stock to $168 a share and $165, respectively. Don’t forget about Ticketmaster, which could be worth $145 a share on its own, Wolfe Research argued. 9. After a controversial downgrade of Intuitive Surgical at Deutsche Bank on Monday, Bank of America reiterated its buy rating on the stock. I agree with this call. Intuitive is a pristine firm. 10. Goldman Sachs resumed coverage of Wrangler owner Kontoor Brands with a buy rating and price target of $85 a share. Its acquisition of outdoor brand Helly Hansen has closed. I like that move. 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.
Jim Cramer’s top 10 things to watch in the stock market Tuesday
Your Trusted Source for Accurate and Timely Updates!
Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
