The Club’s 10 things to watch Thursday, Aug. 21 — Today’s publication was written by Zev Fima, the Investing Club’s portfolio analyst. 1. We’re headed for an additional decrease open. Dow futures are notably down roughly on par with the tech-heavy Nasdaq , which has been hit tougher in the current market rotation, falling over 2% since Monday. The Dow has mainly been flat the previous two days. For its half, the S & P 500 is on a four-day shedding skid. 2. Perhaps it is a reflection of yesterday’s Federal Reserve assembly minutes, which level to Fed Chair Jerome Powell placing a barely extra hawkish tone than many might have anticipated at his Jackson Hole speech tomorrow. Investors nonetheless anticipate to see a rate cut in September. However, the odds of three by yr finish are down barely versus yesterday and every week in the past, in accordance to the CME FedWatch Tool . 3. More indicators of tariff-induced inflation making its method to the client: Yesterday, we realized Pepsi can be elevating costs on carbonated delicate drinks, and that Sony is ready to enhance the value of the PlayStation 5. Camera maker Nikon stated earlier this week it is elevating U.S. costs. This raises the stakes for Powell’s speech tomorrow. The Fed is balancing inflation towards labor-market well being. Initial jobless claims topped expectations this morning. 4. The U.S. and EU shed new mild this morning on their beforehand agreed-upon commerce framework, including on prescription drugs and vehicles. According to the joint assertion, the tariff rate on European vehicles will drop to 15% from 25% solely after the EU formally introduces laws that can cut obligation charges on U.S. imports to the bloc. 5. Walmart shares dropped 3% this morning after the retail big reported blended outcomes. Earnings got here up brief for the first time in over three years, however income beat expectations and same-store gross sales jumped 4.6%, an indication that its popularity for worth is attracting inflation-wary buyers. It raised its full-year outlook for gross sales development and earnings. Its CFO instructed CNBC the firm has eaten some tariff prices and cross others on. 6. Club title Meta has applied a hiring freeze on AI expertise as the firm works to revamp its inside AI crew construction, The Wall Street Journal reported. The enhance in stock-based compensation prices is one thing analysts have begun to flag as a watch merchandise as tech corporations shell out to purchase prime expertise. No agency has been extra aggressive there than Meta. 7. Morgan Stanley upgraded Hewlett Packard Enterprise to an chubby purchase score from equal weight. Analysts stated the earnings uplift from its Juniper Networks acquisition, which closed final month, will not be priced into the stock. Plus, they stated shares are low-cost and AI expectations are low. 8. A pair of worth goal bumps for Club title Nvidia forward of earnings subsequent week. UBS went to $205 a share from $175 and Wedbush went to $210 from $175 as properly. Both corporations are betting on sturdy outcomes and imagine steering may very well be solidly above consensus relying on how shortly the China market comes again on-line, although there’s some pushback in China on the use of Nvidia chips. 9. TJX Companies received a whole lot of worth goal hikes on the Street this morning, sooner or later after the off-price retailer behind TJ Maxx, Marshalls, and HomeGoods reported a robust second quarter and raised full-year steering. After yesterday’s earnings, we additionally raised our TJX worth goal to $150 from $145 and saved our buy-equivalent 1 score. 10. ESPN’s flagship direct-to-consumer streaming app launched as we speak — a one-stop store for the content material from Club title Disney’s sports activities community. Cable subscribers get the app free of charge. Everyone else can get it by means of quite a lot of choices including bundles with different Disney properties comparable to Disney+ and Hulu. There’s even a bundle coming in October with the new Fox One app, housing all Fox sports activities and information, which additionally launched as we speak Sign up for my Top 10 Morning Thoughts on the Market e mail publication free of charge (See right here for a full listing of the shares at Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you’ll obtain a commerce alert earlier than Jim makes a commerce. Jim waits 45 minutes after sending a commerce alert earlier than shopping for or promoting a stock in his charitable belief’s portfolio. 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