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

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

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My top 10 things to watch Thursday, July 13

1. The Dow, the S&P 500 and the Nasdaq are set for a higher open following a third straight session of gains. The S&P 500 and the Nasdaq on Wednesday topped levels not seen since April 2022.

2. Disney CEO Bob Iger gets two more years. Iger interview on CNBC: perhaps linear TV networks might be not part of Club name Disney (DIS) in the future; figure out how to make ESPN streaming only; plans to buy the rest of Hulu the company doesn’t own from Comcast (CMCSA) but does not give any details; and spending less, making less on the content side.

3. FTC to appeal to block Club name Microsoft‘s (MSFT) acquisition of Activision Blizzard (AVTI). FTC chief Lina Khan: Can the staff really stay with her battle against business? Seems absolutely insane.

4. Club name Palo Alto Networks (PANW) gets a price target boost at JMP Securities to $300 per share from $255. Keeps outperform (buy) rating. Cybersecurity spending is still very strong.

5. Credit Suisse upgrades Thermo Fisher Scientific (TMO) to outperform from neutral. Keeps price target at $620 per share. The analysts there don’t seem to be a fan of Club name Danaher (DHR).

6. PepsiCo (PEP) is better than expected across the board. Quarterly earnings and revenue beats. Raises full-year outlook. Expects rosier 10% 2023 organic revenue growth. Disinflation not deflation.

7. Delta Air Lines (DAL) reports big quarterly earnings and revenue beats. Momentum continues to build. Travel boom: long on money short on time. Hikes full-year outlook.

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8. Barclays says buy casinos: MGM Resorts (MGM) and Las Vegas Sands (LVS). MGM gets a price-target hike to $62 per share. LVS sees PT bump to $70. Cites better post-Covid margins in Macao.

9. Wells Fargo raises price target on Club holding Wynn Resorts (WYNN) to $138 per share from $134. See Macao regaining in summer months.

10. Wells Fargo takes the wood to all the health insurers: Club name Humana (HUM) price target $541 per share $610. Keeps overweight (buy) rating. Cites more people using health care.

(See here for a full list of the stocks in 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.

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