Our top 10 things to watch Tuesday, Dec. 24 1. U.S. stock futures were little changed this morning, while oil, the dollar, and gold were all slightly higher. The 10-yr Treasury yield hit a high of 4.613%, its highest level since May 30, while the 30-yr yield hit a high of 4.808%, its highest level since April 26. All U.S. markets close at 1 p.m. ET. Will the Santa Clause rally kick off today? 2. Just a reminder that trading volumes are going to be low today and likely the rest of the week. That means all price action should be taken with a grain of salt since it may not accurately reflect real buying and selling interest. You can use sharp downward moves in quality stocks as buying opportunities — just don’t get sucked into chasing a trade higher. 3. The FDA said the Zepbound shortage is over — a decision that should prevent compounding pharmacies from making and selling their own versions of Eli Lilly’s blockbuster weight loss drug in the coming months. Eli Lilly is one of Jim Cramer’s 12 core holdings heading into 2025, as it attempts to notch its six straight year of beating the broader market. 4. CrowdStrike price target was raised to $415 from $372 at Goldman Sachs. The analysts predict net new annual recurring revenue will be 17% above the Street consensus for Q3 of FY26 through Q2 of FY27. 5. Netflix PT was raised to $1,000 from $785 at KeyBanc, which cited three reasons it can outperform in 2025: moderating competitive intensity, live events, and strong revenue and EPS growth. 6. Reuters reported that Microsoft is looking to add non-Open AI models to it’s Copilot lineup “in a bid to diversify from the current underlying technology from OpenAI and reduce costs.” Jim recently discussed why Club holding Microsoft is the Mag 7 stock he’s most worried about, and how it can bounce back. 7. The biggest banks are planning to sue the Federal Reserve over the annual bank stress tests, according CNBC’s Sara Eisen, citing a person familiar with the matter. A lawsuit is expected this week and could come as soon as today. 8. China is looking to issue over $400 billion in new debt in an effort to stimulate its economy. The proceeds will be targeted at boosting consumption via subsidy programs, equipment upgrades by businesses and funding investments in innovation-driven advanced sectors, sources told Reuters. 9. President Joe Biden is set to review Nippon Steel’s bid for U.S. Steel . He has previously opposed the deal and now has 15 days to officially block it. 10. The home affordability crisis is reaching new levels, The Wall Street Journal reported . Natural disasters and higher repair costs have resulted in higher insurance premiums, while higher prices have pushed up property taxes. We need more supply to get the overall inflation rate back down to target and keep the U.S. economy in growth mode. 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 CNBC 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 CNBC 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.
Attendees take a look at the new Microsoft Surface devices following the Microsoft Briefing event in Redmond, Washington on May 20, 2024.
1. U.S. stock futures were little changed this morning, while oil, the dollar, and gold were all slightly higher. The 10-yr Treasury yield hit a high of 4.613%, its highest level since May 30, while the 30-yr yield hit a high of 4.808%, its highest level since April 26. All U.S. markets close at 1 p.m. ET. Will the Santa Clause rally kick off today?
2. Just a reminder that trading volumes are going to be low today and likely the rest of the week. That means all price action should be taken with a grain of salt since it may not accurately reflect real buying and selling interest. You can use sharp downward moves in quality stocks as buying opportunities — just don’t get sucked into chasing a trade higher.
3. The FDA said the Zepbound shortage is over — a decision that should prevent compounding pharmacies from making and selling their own versions of Eli Lilly’s blockbuster weight loss drug in the coming months. Eli Lilly is one of Jim Cramer’s 12 core holdings heading into 2025, as it attempts to notch its six straight year of beating the broader market.
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