My top 10 things to watch Tuesday, July 15 1. The government’s June consumer price index matched estimates with a rise of 0.3% for the month, putting the year-over-year gain at 2.7%. The core rate, excluding food and energy prices, also matched. The S & P 500 was heading for a higher open today after that neutral CPI and sharp gains in Nvidia, which is set to open at another record high. 2. Nvidia said today it is getting an export license from the U.S. government to sell H20 chips in China. It’s an incredibly bullish development in the world’s second biggest market. Nvidia announced another China-compliant chip, the RTX PRO, for digital twin factories and logistics. The Club stock soared more than 4% on the news. CEO Jensen Huang is expected to hold a media briefing tomorrow as he visits a supply chain conference in China. 3. Club name BlackRock reported a big second-quarter earnings-per-share beat: $12.05 versus $10.82 expected. Assets under management also beat: $12.53 trillion. But revenue slightly missed: $5.42 billion. The stock dropped 3%. Operating expenses of $3.69 billion were higher than expected. 4. Club stock Wells Fargo dropped 3% after missing on second-quarter net interest income and lowered full-year NII outlook to a below expectations $47.7 billion. This is a bank in transition after getting the Fed’s asset cap removed. It is using the money to grow. That’s great. This NII obsession bores me. It’s all about loan growth and ramping up investment banking. Wells Fargo did beat on Q2 EPS of $1.60 and revenue of $20.82 billion. 5. JPMorgan reported a better-than-expected quarter on every line item, including loan loss provisions. Fixed income trading and investment banking were strong. The stock fell modestly. NII missed. Raised full-year NII outlook. 6. Shares of Citigroup rose modestly after confirming full-year revenue guidance near the top of its previously expected range, which matched estimates. Second-quarter EPS and revenue beat. Reported NII beat. Raised full-year outlook on NII, excluding markets. 7. Citi research analysts said Club name Meta Platforms is well-positioned for a second-quarter beat. They reiterated their buy rating and $803-per-share price target. Meta closed at nearly $721 yesterday. 8. Jefferies called Club name Microsoft an artificial intelligence winner after polling 40 enterprises. The analysts have a buy rating and a $600 price target. Microsoft closed at $503 yesterday, just below its record high. 9. CoreWeave committed $6 billion to build a new AI data center in Pennsylvania. The stock jumped 7.5% on the news. Separately, Alphabet ‘s Google is also driving business in Pennsylvania. 10. Morgan Stanley raised its price target on Abbott Laboratories to $137 from $127. The Club name reports earnings before Thursday’s opening bell. The analysts like the industry set-up. They kept their equal weight hold rating. 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.
