My top 10 things to watch Friday, March 6 1. Oil futures are jumping again on U.S.-Iran war concerns. Global benchmark Brent is at roughly $90 a barrel. U.S. crude is at nearly $87. So much for American energy self-sufficiency. Qatar’s energy minister told the Financial Times that all Gulf producers may soon halt exports due to the war. No end to the number of missiles Iran seems to launch, even as our military says Iran’s capabilities are degraded. 2. Unsurprisingly, stock futures are under pressure this morning. The bigger the gains in oil, the harder it is for stocks to rally . An unexpected drop in February payrolls isn’t helping, either. We have a market in limbo . I hate limbo, but as I told “Mad Money” viewers last night, we can’t be spooked out of stocks. 3. A bright spot: Chipmaker Marvell raised its revenue growth projections for both fiscal 2027 and 2028 after a strong end to FY26. Booming data center demand. The hyperscalers all seem to take one Marvell product or another. CEO Matt Murphy gave a passionate defense of the company on “Mad Money” in December, and he was right. Shares are up 11% premarket. 4. Club name Costco reported impressive same-store sales growth last night, but its membership renewal rate in the U.S. and Canada is still under pressure. As much as I’ve loved Costco, that’s been frustrating. Still, we nudged up our price target on the stock, as did others on the Street. Bernstein went to $1,170 from $1,155. JPMorgan went to $1,060 from $1,050. Shares aren’t moving much this morning. 5. The “SaaS apocalypse” seems to be waning, which is very good news for the asset managers with investment funds that are heavily weighted toward enterprise software. Somewhat quietly, the IGV software ETF is up over 7% this week, extending a modest gain last week. This had been the epicenter of the software carnage. 6. Time to buy the stock of Tapestry , the owner of the Coach and Kate Spade brands. Yesterday, I caught up with CEO Joanne Crevoiserat , and what I heard makes me confident this one can keep winning. Coach is hot as an “accessible luxury” play, with sales up 25% last quarter. Kate Spade, down 14%, is turning around, which will really help the gross margins. 7. Bank of America upgraded optical networking provider Ciena to buy from hold and admitted their previously cautious view on the networking group was “too early.” Ciena was among the optical stocks that were clobbered yesterday after Broadcom CEO Hock Tan’s defense of copper. So did Club name Corning , but the sellers are mistaken . I like Corning over Ciena. 8. Wells Fargo said it’s increasingly positive on Intel’s advanced packaging business, pointing to CFO David Zinsner’s upbeat remarks this week about winning over more customers. Although analysts kept their hold rating on the stock, they issued a “tactical positive” call. I continue to think that this one is a buy, though. CEO Lip-Bu Tan is cleaning it up. 9. AI cloud provider CoreWeave was initiated at Oppenheimer with a buy rating and price target of $140. Analysts touted CoreWeave’s “strong competitive positioning” against large hyperscalers. Their optimism is contrary to those who think the hyperscalers will build all these data centers themselves. CoreWeave shares are off 2% premarket, extending yesterday’s nearly 6% decline. 10. JPMorgan upgraded chemicals giant Dow Inc to buy from hold and lifted its price target to $40 from $26. Analysts predicted that the escalating Iran conflict will result in even higher polyethylene prices in the short term, which should translate into higher profits for Dow, the world’s largest producer of polyethylene. 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 discussed a stock on CNBC, 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.
Jim Cramer’s top 10 things to watch in the stock market Friday
Mar 6, 2026
