Nucor shares jump on Trump’s steel tariff pledge, and Evercore ISI likes Nvidia into earnings.Nucor shares jump on Trump’s steel tariff pledge, and Evercore ISI likes Nvidia into earnings. My top 10 things to watch Monday, Feb. 10 — Today’s newsletter was written by Jeff Marks, director of portfolio analysis. 1. Stocks are indicated higher Monday after the S & P 500 fell 1% on Friday on concerns about tariffs and a weaker consumer sentiment survey. The S & P 500, Nasdaq and Dow are all coming off modest weekly losses. In the week ahead , the earnings calendar is easing a bit, but we will hear from Club name DuPont on Tuesday morning. 2. Shares of Nucor and other steelmakers are jumping in premarket trading after President Donald Trump told reporters Sunday that he plans to impose 25% tariffs on all imports of steel and aluminum. North Carolina-based Nucor has been on the Club’s watchlist of stocks known as the Bullpen. 3. Evercore ISI added Club holding Nvidia to its “Tactical Outperform” list into the AI chipmaker’s Feb. 26 earnings report. Analysts view the stock’s sell-off on DeepSeek concerns as an opportunity and kept their price target of $190 a share. 4. McDonald’s missed Wall Street’s estimates on quarterly sales while earnings per share were in line with the consensus. Still, same-store sales were up a better-than-expected 0.4% despite a dip in the U.S. McDonald’s shares rose more than 1% in premarket trading. 5. Home Depot’s price target was raised to $475 a share from $450 at JPMorgan, which also added the Club stock to its “Analyst Focus List.” The firm now sees Home Depot’s U.S. comparable store sales increasing 1% in the quarter versus the Street’s consensus of a 2.4% decline. JPMorgan also upped its Walmart price target to $112 from $97 and maintained its buy-equivalent overweight rating. 6. TD Cowen downgraded Merck to a hold rating from buy and lowered its price target to $100 a share from $121. The analysts said clarity on HPV vaccine Gardasil “is not improving,” while Merck’s business development efforts seem to “have lost momentum” and its critical cancer treatment Keytruda is nearing its loss of exclusivity. 7. Johnson Controls was upgraded to buy at UBS. Analysts are positive on the company’s incoming CEO, Joakim Weidemanis, an outsider who takes over next month. Following some portfolio reshuffling, the firm believes Johnson Controls has favorable end markets to expand margins (HVAC, fire and security, among others). 8. Barclays argued Palo Alto Networks has a good setup into earnings Thursday night. Analysts expect upside to key metrics like bookings, annual recurring revenue, and revenue. The Club stock was hated by the Street in January and downgraded by three firms in a week. It’s up almost 7% year to date. 9. Kraft Heinz was downgraded to a neutral rating from buy-equivalent outperform at Mizuho Securities. Packaged food is a tough group. Kraft Heinz is down 18.5% over the past year. 10. Benchmark upgraded Shopify to buy from hold ahead of earnings Tuesday morning. Analysts expect the e-commerce platform provider to deliver upside on gross merchandise value. 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 Monday, Feb. 10
— Today’s newsletter was written by Jeff Marks, director of portfolio analysis.
1. Stocks are indicated higher Monday after the S&P 500the week ahead, the earnings calendar is easing a bit, but we will hear from Club name DuPont
2. Shares of Nucortold reporters Sunday that he plans to impose 25% tariffs on all imports of steel and aluminum. North Carolina-based Nucor has been on the Club’s watchlist of stocks known as the Bullpen.
3. Evercore ISI added Club holding Nvidia
4. McDonald’s
6. TD Cowen downgraded Merck
8. Barclays argued Palo Alto Networks
9. Kraft Heinz
10. Benchmark upgraded Shopify
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.