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Jim Cramer's top 10 things to watch in the stock market Thursday

July 3, 2025
01:08 PM
3 min read
AI Enhanced
stocksfinancialtechnologyfinancialsmarket cyclesseasonal analysisgeopolitical

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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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Published

July 3, 2025

01:08 PM

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CNBC

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Key Topics
stocksfinancialtechnologyfinancialsmarket cyclesseasonal analysisgeopolitical

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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