My top 10 things to watch Tuesday, July 1 1. Amazon’s Project Kuiper is using every rocket available to get rolling. AI-powered Alexa+ could help power personal robots in our homes. Those are just a couple takeaways from my interview last night with CEO Andy Jassy. We also touched on Club name’s rural expansion, chip ambitions and more. 2. Tesla shares slid more than 6% this morning after President Donald Trump said the Department of Government Efficiency should look at cutting subsidies for Elon Musk’s companies. “Elon may get more subsidy than any human being in history,” Trump wrote on Truth Social. Musk said he will “refrain” from escalating the situation. 3. The second half of 2025 kicks off today. It’s been a topsy-turvy ride so far. After back-to-back record closes, the S & P 500 is set to open a little lower this morning. My mantra for the second half : Don’t get caught up in the noise around rate cuts. Look for great companies with great growth prospects. 4. Duke Energy was added to Goldman Sachs’ conviction list. The North Carolina-based utility has a gas turbine partnership with Club name GE Vernova , and that’s helping it grow. 5. Another name added to Goldman’s conviction list: Kontoor Brands , the owner of the Wrangler, Lee and, most recently, Helly Hansen brands. I really like this call. Helly Hansen is an underexploited, but terrific brand. This idea works. 6. Truist started coverage of Brad Jacobs’ building products consolidator QXO with a buy rating and price target of $30 a share. QXO had interest in GMS before Club holding Home Depot announced yesterday that it was acquiring it. I had some reservations about that move. 7. Sweetgreen was downgraded to hold from buy at TD Cowen, with analysts saying there’s a risk same-store sales won’t normalize in 2026. Wells Fargo, meanwhile, started coverage of the salad chain with a buy-equivalent rating and $19 price target. This stock is really not doing well. 8. Citizens JMP upped its price target on Zscaler to $355 from $310 and kept its outperform buy rating on the cybersecurity stock. To me, Club names CrowdStrike and Palo Alto Networks are the best. The rest of the cohort, save for Cloudflare , aren’t worth owning. 9. Wells Fargo upgraded Cintas to a hold-equivalent rating from underweight and lifted its price target to $221 from $196. The analysts argued that after deftly navigating the tough economic backdrop, Cintas is in a position to gain market share. Love this as a small business stock. 10. Citigroup argued that large could deals could already be baked into the numbers for Oracle , a day after the tech giant’s stock jumped on a securities filing that said one customer would contribute at least $30 billion in annual revenue starting in fiscal 2028. 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.
