Jim Cramer's Top 10 Things to Watch in the Stock Market Tuesday
OpenAI's Astra model is generating a lot of buzz, and Intel shares are up almost 5% premarket.
TL;DR
- Mixed open expected on Wall Street; S&P futures down, Nasdaq futures up.
- Oil prices rise due to Middle East conflict; Brent crude nears $99.
- August inflation data crucial for Federal Reserve's next move; 60% probability of hike priced in.
- OpenAI's Astra model generates excitement, potentially boosting AI chip and hardware stocks.
- Intel expected to raise CPU prices; shares up premarket on upgrade and turnaround progress.
- Major price target boosts for refiners Marathon Petroleum, Phillips 66, and Valero.
- Trucking and freight stocks Old Dominion and C.H. Robinson upgraded by Citi.
- JPMorgan initiates coverage of FedEx Freight with a buy rating.
- Pivotal Research initiates coverage of SpaceX with a buy rating.
- Hinge Health receives price target increase and maintains buy rating; stock up significantly.
- Eaton upgraded to buy by UBS, with demand for electrical equipment strong due to AI buildout.