My top 10 things to watch Tuesday, April 7 1. Hopes are fading for an agreement ahead of President Donald Trump ‘s 8 p.m. ET deadline for Iran to reopen the Strait of Hormuz or face power plant and bridge bombings. Will Trump follow through on his threats? The market is worried, with the S & P 500 headed for a lower open after four straight sessions higher. 2. Two wins for Broadcom : Google and Anthropic. The Hock Tan-run company agreed to produce future versions of Google’s AI chips through 2031, and expanded its compute deal with Anthropic, drawing on those Google processors for capacity. Can Broadcom reclaim its old status as the one to beat? Broadcom and Google-parent Alphabet are Club stocks. 3. Wells Fargo increased its Intel price target to $55 from $45, citing expected demand upside for the chipmaker’s server CPU and execution on its roadmap. Ahead of quarterly results later this month, Wells trimmed estimates for 2026 earnings per share by 2.6% but raised 2027 EPS estimates by 8.7%. Intel CEO Lip-Bu Tan is the real deal. His appointment last year made me turn positive on the stock. 4. Morgan Stanley downgraded chip designer Arm to a hold rating from buy. The analysts see execution risks to its in-house CPU initiative and memory supply constraints as a headwind to near-term growth. They did raise their Arm price target to $150 from $135, in recognition of this year’s rally. But that PT has little upside to it. I think Arm’s CPU is a smart move to capitalize on the growth of agentic AI. 5. U.S. lawmakers are again looking to put trade curbs on Dutch semiconductor equipment provider ASML . This time, it’s to prevent Chinese companies from accessing what’s called deep ultraviolet (DUV) lithography machines, which are used to make chips that go into consumer devices like smartphones and electric vehicles. ASML’s more advanced EUV machines for AI chips are already blocked in China. 6. Wells Fargo initiated coverage of Reddit with a hold rating and $149 price target, implying about 8% upside. Analysts expect another quarter of strong revenue growth, but third-party traffic data is mixed. Shares are down almost 50% from their January highs. The stock has been prone to big swings, but there is value in Reddit as a trusted social-media platform for a lot of people. 7. JPMorgan trimmed its price targets on a bunch of bank stocks ahead of Q1 earnings season. Analysts want to hear management teams address the impact of the Iran war, exposure to private-credit and software companies, and a widening “K-shaped” recovery, among others. Over at UBS, analysts upgraded Morgan Stanley to buy from hold, saying buy quality in an uncertain world. I see a chance for bank stocks to have a great second quarter if we get clarity on three main overhangs . 8. Seaport took an axe to the homebuilders, double downgrading the stocks of Lennar , Pulte , Taylor Morrison , and KB Home to sell from buy. It also cut D.R. Horton and Toll Brothers to hold from buy. We know the spring selling season is awful, and mortgage rates have gone the wrong way since the Iran war broke out. Seaport is actually worried that housing activity could slow further due to lower jobs growth. 9. Health insurance stocks are flying after the Trump administration finalized higher-than-expected Medicare Advantage reimbursement rates for 2027. These same stocks were crushed in January when the administration’s initial proposal for payments was shockingly low. This is a good outcome for the group. CVS and UnitedHealth are the insurers I’d look at. 10. Baird lowered its Visa price target to $375 from $425 as analysts updated their financial model ahead of earnings. They kept their buy rating. The payment processors have been incredibly consistent stocks for years, but that’s changed in recent months. Visa and Mastercard have been awful. Like many stocks, they’ve had to contend with AI disruption fears. 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.
Jim Cramer’s top 10 things to watch in the stock market Tuesday
Apr 7, 2026
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