My top 10 things to watch Thursday, Nov. 14 1. Wall Street is looking to reclaim its post-election momentum after two subdued sessions. It’s not too late to join the CNBC Investing Club ahead of our November Monthly Meeting, which kicks off at noon ET. I’ll be discussing what Donald Trump’s return to the White House means for stocks. 2. Wholesale inflation in October largely matched expectations. The producer price index increased 0.2% month over month, in line with economists’ forecasts, according to Dow Jones. Meanwhile, initial jobless claims in the week ended Nov. 9 totaled 217,000, down 4,000 from the prior week. 3. Disney shares are surging after the Club holding reported better-than-expected quarterly results, driven by its streaming and movie business, and provided an encouraging multiyear earnings outlook. Highly unusual, but positive. 4. Shares of ASML , a key maker of semiconductor manufacturing equipment, were rising after the company provided upbeat sales projections for the next few years. AI demand is a big driver of that outlook. Last month, ASML’s stock cratered on lowered near-term sales guidance due to weakness in more legacy chip markets. 5. Cisco Systems returned to real order growth in its fiscal first quarter, especially in Asia and Europe. AI infrastructure orders were north of $300 million. Its $28 billion acquisition of software firm Splunk also is paying off. The Street doesn’t like this stock, but almost 60% of its revenue is now recurring in nature and it’s selling at just 16 times earnings. 6. Mastercard picked up multiple price target hikes after issuing encouraging financial targets for 2025 to 2027, including a compound annual growth rate for earnings in the mid-teens. Doesn’t look like lowered expectations to me. Europe is getting stronger, and its cards are now easier to use in China. 7. Nvidia CEO Jensen Huang visited Indonesia to proselytize the gospel of sovereign AI. The Club-owned chipmaker and its partners in the country announced a suite of large language models and AI services for the more than 277 million Indonesian speakers. Nvidia has said its sovereign AI revenue will reach low double-digit billions of dollars in its current fiscal year. 8. Taiwanese electronics manufacturer Foxconn sees no slowing in AI server demand despite what we hear endlessly from the bears. I think it’s just getting started. Foxconn makes servers for Nvidia and also assembles iPhones for fellow Club name Apple . Execs said they’re continuing to diversify their supply chain amid Trump’s pledges to raise tariffs on Chinese imports. 9. Jefferies raised its price target on Tesla to $300 a share from $195, which is still about $30 below where the stock closed Wednesday. Analysts said Tesla should take advantage of its surge of more than 30% after Trump’s election victory and sell some stock. Jefferies new price target factors in higher estimates for Tesla’s non-auto business, such as software and energy storage. 10. KeyBanc downgraded Papa John’s to a hold-equivalent rating from overweight, saying improvements in sales and store profitability could take longer than previously expected. Remember, Rob Lynch departed earlier this year and now runs Shake Shack , where he is crushing it. Shares are up more than 28% since he took over in late May, versus a roughly 13% gain for the S & P 500 . 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.
Bob Iger, CEO, The Walt Disney Company appears at the Disney Entertainment Showcase at D23: The Ultimate Disney Fan Event in Anaheim, California on August 09, 2024.
Jesse Grant | Getty Images Entertainment | Getty Images
My top 10 things to watch Thursday, Nov. 14
1. Wall Street is looking to reclaim its post-election momentum after two subdued sessions. It’s not too late to join the CNBC Investing Club ahead of our November Monthly Meeting, which kicks off at noon ET. I’ll be discussing what Donald Trump’s return to the White House means for stocks.
2. Wholesale inflation in October largely matched expectations. The producer price index increased 0.2% month over month, in line with economists’ forecasts, according to Dow Jones. Meanwhile, initial jobless claims in the week ended Nov. 9 totaled 217,000, down 4,000 from the prior week.
3. Disney shares are surging after the Club holding reported better-than-expected quarterly results, driven by its streaming and movie business, and provided an encouraging multiyear earnings outlook. Highly unusual, but positive.
