Jim Cramer's top 10 things to watch in the stock market Wednesday
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Skip NavigationMarketsBusinessInvestingTechPoliticsVideoWatchlistInvesting ClubPROLivestreamMenuMy top 10 things to watch Wednesday, Dec. 17 1. Stocks were heading for a higher open this morning. The S & P 500 fell Tuesday after mixed jobs data. The index, which closed at a record last Thursday, has declined every session since then. 2. Memory and storage solutions giant Micron Technology reports earnings tonight. Even as I expect a blowout quarter, I do not think CEO Sanjay Mehrotra will allow the estimates to get ahead of themselves. 3. Morgan Stanley made a big call on Apple , bumping its price target to $315 from $305 and keeping its buy rating on the strength of its products. The analysts suggest investors avoid memory-heavy stocks such as Dell and HP . I agree with this call. 4. CNBC confirmed that Amazon is considering a $10 billion investment in OpenAI, in exchange for the ChatGPT creator using the cloud giant's trainium AI chips. Circular deal. This stuff is now transparent. 5. How much is Waymo worth? The Alphabet-owned self-driving vehicle company is in talks to raise $15 billion at a $110 billion valuation. Alphabet CEO Sundar Pichai said Waymo will "meaningfully" contribute to financials as soon as 2027. 6. Citi raised its Adobe price target to $387 from $366 and kept its hold rating. This one is a bottom caller. The analysts say the quarter showed upside. 7. JPMorgan started Palo Alto Networks with a buy rating and a $235 price target. Analysts like the cybersecurity company's comprehensive, end-to-end platform. 8. Is it time to exit BlackRock ? Keefe Bruyette lowered its price target on the Club name to $1,322 from $1,390 and kept its hold rating. The analysts are more constructive on fellow portfolio banks Wells Fargo and Goldman Sachs , raising their PTs on both stocks. 9. Citi cut its Kimberly-Clark price target to $95 from $100 and maintained its sell rating as analysts reassess struggling consumer packaged goods stocks. Procter & Gamble was upgraded to a buy yesterday at Jefferies. I said P & G is my favorite portfolio name right now. 10. Wells Fargo upgraded Texas Roadhouse to a buy rating from a hold, saying elevated beef prices are now priced into the stock. The analysts, who raised their price target to $195 from $170, said the chain can surmount headwinds. 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 TuesdayJim CramerJim Cramer's top 10 things to watch in the stock market MondayJim CramerJim Cramer's top 10 things to watch in the stock market FridayJim CramerRead More