Today, August 11, Jim Cramer presents his top 10 things to watch in the market:
We need to pay close attention to oil and bonds due to the Iran situation. Elevated oil prices raise inflation concerns, which show up in the bond market via higher yields. The 10-year Treasury yield topped 4.7% earlier this morning:
Intel is increasing the size of its secondary stock sale to $20 billion at $95 a share:
Nvidia has launched a $500 billion financing initiative for AI development:
Nvidia's CEO Jensen Huang noted that AI compute has become core infrastructure:
Riot Platforms surged 16% after agreeing to a $9 billion compute deal:
UBS upgraded Jabil from 'hold' to 'buy':
Cardinal Health reported good but not great results:
Update on Jefferies' sell call of Apple:
Gap was downgraded by Barclays from 'buy' to 'hold':
Citi downgraded Allstate from 'hold' to 'sell':
