My top 10 things to watch on Monday, March 30 1. The S & P 500 is headed for a higher open as President Donald Trump signals progress in the US-Iran war talks. Rarely since the conflict began. Stocks are high, and oil is high. Usually, high oil prices drive stocks lower. The problem, as I explained in my Sunday column for Investing Club members, is that the market doesn’t know how Trump wants the war to end. 2. After its fifth consecutive weekly loss, the S & P 500 has lost nearly 6% in March since Friday’s close. Unlike the Dow and Nasdaq, the S&P 500 narrowly avoided slipping into correction territory. In addition to the Mideast development, the government releases its monthly jobs report on Friday although the market is closed for the New Friday holiday. 3. Morgan Stanley said it’s time to buy Meta Platforms. The idea has arrived. I called Meta last week during the May Monthly Group Meeting. I’m not that worried about lawsuits because of my social media addiction. Meta lost two court cases last week, and the stock was depressed. Shares are moderately higher this morning. 4. Wolfe Research gets it, says the new version of Anthropic needs Club name CrowdStrike to protect AI agents. Analysts say Mythos will lead to huge annual revenue for cybersecurity companies. This is why CrowdStrike is a must buy. I have always said that cyber stocks will benefit from AI, not be replaced by it. 5. Bernstein’s critics said that Oracle is a better story than they thought, with the best potential. They argue that Oracle’s cloud and database businesses will be AI winners. Their price of $319 is more than double Friday’s closing price of about $140. Maybe Oracle will need a lot less money than previously thought? 6. Goldman Sachs has started giving the once-popular Qualcomm coverage a neutral rating. Analysts set a price target of $135, up nearly 6% from Friday’s close. Goldman likes Qualcomm’s divestment efforts but worries about lost smartphone business from the likes of Apple and others. 7. Nike reports earnings Tuesday evening. Goldman Sachs sees mixed signals but calls Club stock a buy. The critics made their case exactly as we did at Friday’s meeting. I still believe in CEO Elliott Hill’s ability to change the brand name, but I want to see more progress. 8. Deutsche Bank has upgraded energy drink maker Celsius to buy from it. Analysts lowered their price target to $44 from $56, recognizing a decline of 25% this year. They called it oversold. Celsius continues to take a hit after Club Name Costco introduced the energy drink at a lower cost. 9. Colgate-Palmolive has always been everyone’s favorite. A well run club. Deutsche Bank upgraded the stock to “outperform” buy and raised its price target to $98 from $90. Analysts are calling the recent sell-off a buying opportunity. In consumer orders, we have Procter & Gamble. 10. Wells Fargo called American Express stock a buy on the weakness. Analysts see a bump in revenue when the credit card giant reports earnings next month, citing Platinum’s pace. Threat of white-collar jobs due to AI? Wells Fargo says the panic is largely over. For credit cards, we have Capital One. It’s that time of year again when my Charitable Trust makes its annual donation. This year, we gave $298,017, bringing the Trust’s total contributions since inception to $4.5 million. Members will notice on the Trust’s portfolio page a reduction in our cash balance to reflect the contribution. I enjoy teaching people how to invest and make money for charity. Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free. Jim waits 45 minutes after he sends a trade alert before buying or selling a stock in his charity portfolio. If Jim talked about a stock on CNBC TV, he waits 72 hours after issuing a trade warning before making a trade. THE ABOVE COMPRESSED BOOKING INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND TERMS AND CONDITIONS OF LEARNING, AS WELL AS OUR PRIVACY POLICY. NO OBLIGATION OR RESPONSIBILITY EXISTS, OR IS MADE, AS A CONSIDERATION OF YOUR ACCEPTANCE OF ANY INFORMATION PROVIDED WITH THE INVESTMENT CLUB. NO STATEMENT OR SPECIFIC STATEMENT IS GUARANTEED.
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