Jim Cramer's top 10 things to watch in the stock market Thursday
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Wall Street is set for a higher open after better-than-expected June job creation.
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3 min read
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investment
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July 3, 2025
01:08 PM
CNBC
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My top 10 things to watch Thursday, July 3 1
Wall Street is set for a higher open after better-than-expected June job creation
The S & P 500 closed at another record high yesterday as President Donald Trump announced a Vietnam trade deal
Investors are also watching House voting on the Trump-backed megabill of spending and tax cuts
Stock market closes early today and is closed tomorrow for the Fourth of July
The government this morning reported 147,000 nonfarm job additions for last month
The unemployment rate dipped to 4. 1% versus expectations of a slight rise 4
The data makes it tougher for Trump to argue for a Fed interest rate cut
Lifted China trade curbs on Cadence and Synopsys
They make electronic design automation software needed for the most advanced Nvidia chips
Name Nvidia also works directly with them for its software
Speaking of China, quarterly sales of Apple iPhones there grew for the first time in two years
Bank of America analysts revealed their best stock ideas for the third quarter
Among the names are Cisco Systems and Boeing
They are in the Bullpen, which is our watch list for the
Wells Fargo raised its price target on name BlackRock to $1,180 a from $1,105
The analysts, who kept their buy-equivalent rating, expect an OK quarter
BlackRock reports on July 15 when financials kick off earnings
The Financial Times explains how Goldman Sachs was the biggest winner of easier Fed stress tests
That echoed our ary yesterday after names Goldman and Wells Fargo announced big dividend hikes
Needham upgraded name Meta Platforms to hold from an underperform sell rating
No price target was given
The analysts cited positive channel checks but are worried margin risk
Citi analysts opened an "upside 90-day catalyst watch" on name DuPont
They also raised their price target on the stock to $85 from $75
Citi sees less tariff pressure than its analysts had previously thought
Goldman Sachs raised its Tesla price target to $315 from $285, basically matching yesterday's close
Deries were meaningfully better Goldman analysts had forecast
They kept Tesla at a neutral rating
Constellation Brands is not much worse, to be fair, and the Corona and Modelo brewer has great cash flow
But beer sales are not strong due to ICE raids, GLP-1s, gummies, and health concerns
Guidance was reiterated
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