Jim Cramer's top 10 things to watch in the stock market Wednesday
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My top 10 things to watch Wednesday, June 17 1. S & P and Dow futures are basically flat. Tech-heavy Nasdaq is the outperformer this morning ahead of the first Federal Reserve meeting with Chairman …
My top 10 things to watch Wednesday, June 17 1. S & P and Dow futures are basically flat. Tech-heavy Nasdaq is the outperformer this morning ahead of the first Federal Reserve meeting with Chairman Kevin Warsh at the helm. The Fed is widely expected to leave rates unchanged, but what will Warsh say at the press conference? I think he's right to push for less "Fedspeak." SpaceX is up again in the premarket, but only modestly. Yesterday it closed well off its highs. 2. We're holding our June Monthly Meeting for the Investing Club at noon ET. Not too late to sign up . My partner Jeff Marks and I will discuss each name in our portfolio, and I plan to reveal which is my favorite stock to buy right now. 3. JPMorgan came out in defense of Club name Broadcom , saying it would be an "aggressive buyer" of the chipmaker with shares still down big from their pre-earnings high . Also pushed back on chatter that there's been a delay or cancellation to Google's ninth-generation tensor processing unit (TPU), which is co-designed with Broadcom. A small insider buyer from Broadcom's chairman caught my eye yesterday . 4. Citi lifted its price targets on semiconductor equipment stocks Applied Materials , Lam Research , and KLA Corp . Analysts believe spending on wafer fab equipment could reach $250 billion in 2028, implying 25% growth that year, due to continued capacity constraints at TSMC and the memory chipmakers. These are the best three in the semicap group. They benefit from shortages. 5. …
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JPMorgan · Caterpillar · Wells Fargo · Kevin Warsh · Jim Cramer · Federal Reserve