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LivestreamMenuMy top 10 things to watch Monday, June 8 1. The S & P 500 and Nasdaq are headed for higher opens as chipmakers rebounded following Friday’s brutal selloff . Club holdings Nvidia and Broadcom are jumping nearly 2.5% and 3.3%, respectively. Investors looked past war developments after Iran and Israel traded strikes over the weekend. Apple was little changed ahead of Monday’s WWDC keynote . A new Siri powered by Google’s Gemini is expected. 2. Wall Street analysts started coverage of recent IPO Cerebras Systems with buy ratings pretty much across the board. The chipmaker more than doubled shortly after its debut open on May 14. It closed off those levels that day. It has been sliding ever since, now only about 15% above its $185 offering price this morning. 3. Another recent IPO, Blackstone Digital Infrastructure Trust , got a mix of buy and hold ratings from analysts. The data center real estate name also debuted on May 14. It has stayed close to its $20 offering price. BXDC aims to take the IPO proceeds to buy newly built, income-generating data center assets. Also in the data center, Corning shares are up nearly 9% after striking a big optical fiber deal with Amazon . Both are Club names. 4. Alphabet ‘s Google agreed to pay SpaceX $920 million per month to use the rocket and AI company’s Nvidia chips. Google told CNBC the deal was made to ensure “bridge capacity” to meet surging demand for Gemini Enterprise. What about Google’s TPUs? Is that why Broadcom missed? 5. Oppenheimer hiked its Oracle price target to $275 from $235 and kept it as a buy. Analysts expect positive quarterly earnings Wednesday evening. Barclays also reiterated Oracle as a buy, saying there should be another quarter of AI-driven acceleration. 6. Adobe saw its price target lowered to $350 from $400 at Stifel ahead of this week’s earnings. Analysts predict an organic revenue beat and modest upside to annual recurring revenue (ARR), but said that’s already baked into the stock. Adobe kept at a buy. In enterprise software, we own Salesforce . 7. Wells Fargo took its Micron price target to $1,220 from $550. Analysts see more upside on booming demand for memory. That’s already on top of Micron’s remarkable 2026 performance, up roughly 202% year to date. The stock is up nearly 7% this morning, rebounding after Friday’s big chip sell-off. 8. Kontoor Brands started as a buy at JPMorgan. Analysts said the clothing company’s portfolio, which includes brands like Wrangler and Helly Hansen, is at an “inflection point to accelerate growth” into fiscal 2027. JPMorgan has a $90 price target, implying a nearly 30% upside from the prior close. 9. Cummins shares up more than 3% on a hold-to-buy upgrade from UBS. Analysts took their price target to $850 from $565 as well. UBS said an improved trucking market and double-digit growth in the power business should drive upside over the next two years. Cummins designs and manufactures diesel and natural gas engines. 10. Truist started Solstice Advanced Materials at a hold. The specialty materials company has a portfolio of high-quality businesses, analysts said, but its cash flow generation prospects don’t warrant much more upside. Solstice spun off from Club name Honeywell back in October 2025. 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.Read More
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