My top 10 things to watch Wednesday, Nov. 13 1. Wall Street exhaled after October inflation data came in as expected. Stocks were now set to open Wednesday’s session slightly higher after futures had spent the morning lower. Bond yields slid on the data. The S & P 500 and Nasdaq saw their postelection winning streaks end Tuesday. 2. The October consumer price index rose 0.2% month over month, matching expectations. Core CPI, which strips out volatile food and energy, also was in line, up 0.3%. The year-over-year inflation rate in October was 2.6% as expected. After the release, traders were pricing roughly 70% odds of a quarter-point interest rate cut at the Fed’s December meeting. 3. Inflation and the Fed are key to markets. But what about Donald Trump’s new regime? Elon Musk and Vivek Ramaswamy are teaming up to cut government waste. We’ll look at the big picture for our Investing Club portfolio at the November Monthly Meeting on Thursday at noon ET. 4. Home loan demand stalled last week as financial markets digest the Trump presidency. Mortgage rates continued higher, trending with rising bond yields. We think mortgages will come down, and when they do Club names Home Depot and Stanley Black & Decker will fly. 5. Rocket Lab USA ‘s backlog grew much faster than thought. Shares surged more than 25%. The company is now a serious competitor in rocket launches. It announced a “confidential commercial satellite constellation operator.” 6. Spotify is all about the sign-ups, not earnings. The stock jumped more than 8%. Should it be up that much? Monthly active users and paying subs both beat. Margins beat too. The music streaming service got multiple analyst price target boosts. 7. Cava shares surged 16% as the Mediterranean fast-casual restaurant brand saw a same-store sales inflection that puts it in rarefied territory. We’re talking about an 18% increase, including guest traffic growth of nearly 12%. 8. Club name Honeywell responded to activist group Elliott’s stake and push for a breakup. The company said it didn’t hear from Elliott before Tuesday but it welcomes investor feedback as it continues to overhaul its portfolio. We’re done selling Honeywell for now as this plays out . Multiple analysts raised their price targets in response to Elliott’s arrival. 9. Howmet is the pure aerospace company that the brokerages all love. Price target increases at Bank of America and Wells Fargo are two of the latest. Howmet is the analogue to the part of Honeywell that focuses on aerospace. 10. Softbank plans a supercomputer with Club holding Nvidia ‘s next-generation Blackwell artificial intelligence chip platform. In a fireside chat with Masa Son, CEO Jensen Huang stressed the need for digital and physical. That means AI agents and robotics. 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 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 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.
My top 10 things to watch Wednesday, Nov. 13
1. Wall Street exhaled after October inflation data came in as expected. Stocks were now set to open Wednesday’s session slightly higher after futures had spent the morning lower. Bond yields slid on the data. The S&P 500 and Nasdaq saw their postelection winning streaks end Tuesday.
2. The October consumer price index rose 0.2% month over month, matching expectations. Core CPI, which strips out volatile food and energy, also was in line, up 0.3%. The year-over-year inflation rate in October was 2.6% as expected. After the release, traders were pricing roughly 70% odds of a quarter-point interest rate cut at the Fed’s December meeting.
3. Inflation and the Fed are key to markets. But what about Donald Trump’s new regime? Elon Musk and Vivek Ramaswamy are teaming up to cut government waste. We’ll look at the big picture for our Investing Club portfolio at the November Monthly Meeting on Thursday at noon ET.
4. Home loan demand stalled last week as financial markets digest the Trump presidency. Mortgage rates continued higher, trending with rising bond yields. We think mortgages will come down, and when they do Club names Home Depot and Stanley Black & Decker will fly.
5.Rocket Lab USA‘s backlog grew much faster than thought. Shares surged more than 25%. The company is now a serious competitor in rocket launches. It announced a “confidential commercial satellite constellation operator.”
6.Spotify is all about the sign-ups, not earnings. The stock jumped more than 8%. Should it be up that much? Monthly active users and paying subs both beat. Margins beat too. The music streaming service got multiple analyst price target boosts.
7.Cava shares surged 16% as the Mediterranean fast-casual restaurant brand saw a same-store sales inflection that puts it in rarefied territory. We’re talking about an 18% increase, including guest traffic growth of nearly 12%.
8. Club name Honeywell responded to activist group Elliott’s stake and push for a breakup. The company said it didn’t hear from Elliott before Tuesday but it welcomes investor feedback as it continues to overhaul its portfolio. We’re done selling Honeywell for now as this plays out. Multiple analysts raised their price targets in response to Elliott’s arrival.
9.Howmet is the pure aerospace company that the brokerages all love. Price target increases at Bank of America and Wells Fargo are two of the latest. Howmet is the analogue to the part of Honeywell that focuses on aerospace.
10. Softbank plans a supercomputer with Club holding Nvidia‘s next-generation Blackwell artificial intelligence chip platform. In a fireside chat with Masa Son, CEO Jensen Huang stressed the need for digital and physical. That means AI agents and robotics.
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.)
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As a subscriber to the 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 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.
