My top 10 things to watch Tuesday, Feb. 25 1. Bitcoin broke below $90,000. Michael Saylor’s MicroStrategy bought more than 20,000 bitcoin from Feb. 18 to Feb. 23. MicroStrategy shares fell 5% this morning. Is that why bitcoin is now plummeting? 2. Bank of America lowered its Coinbase price target to $311 per share from $363 while saying good things. The analysts kept their neutral rating. Bitcoin may be at the heart of the froth in the market. 3. Wall Street is heading for a relatively flat open today after a mixed session following Friday’s selloff. The Nasdaq sank another 1.2% yesterday, extending its losing streak to three straight sessions. 4. Home Depot put on a good show. But is it enough in this horrendous housing market? Earnings and revenue beat. Quarterly same-store sales rose when a decline had been expected. Full-year 2025 guidance light. 5. Celsius will have a solid No. 3 position after Red Bull and Monster but offer a healthier alternative now that it has bought Alani Nu for $1.8 billion. Is the category back or has it fizzled like it did last year at this time? 6. Tesla sales plummeted 45% last month in Europe while overall European EV sales surged 37%. But there was a product changeover and an inventory surge, not a lack of attention. 7. Is the Trump administration going to further restrict semiconductor exports to China? The situation is a top item we want Jensen Huang to address on Nvidia ‘s post-earnings call tomorrow evening. 8. Citi cut its Salesforce price target to $350 per share from $390. The analysts said the Club name, already down a lot, is likely to have a mixed quarter. They kept their neutral rating. Salesforce also reports tomorrow evening. 9. Hims & Hers shares sank another 20% this morning. A better-than-expected quarter was overshadowed by news the company will no longer sell Wegovy-like weight loss drugs and instead do specialty compounds. 10. PayPal is holding its first investor day in four years. The company said today it sees Venmo topping $2 billion in revenue by 2027. Alex Chriss, who became CEO in September 2023, has been working on a turnaround. 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.
My top 10 things to watch Tuesday, Feb. 25
1.Bitcoin broke below $90,000. Michael Saylor’s MicroStrategy bought more than 20,000 bitcoin from Feb. 18 to Feb. 23. MicroStrategy shares fell 5% this morning. Is that why bitcoin is now plummeting?
2. Bank of America lowered its Coinbase price target to $311 per share from $363 while saying good things. The analysts kept their neutral rating. Bitcoin may be at the heart of the froth in the market.
3. Wall Street is heading for a relatively flat open today after a mixed session following Friday’s selloff. The Nasdaq sank another 1.2% yesterday, extending its losing streak to three straight sessions.
