My top 10 things to watch Monday, July 6 1. Stock futures are higher this morning, led by a comeback in chip names after a brutal finish to last week for the group. In my Sunday column for Club members, I explored what drove Thursday’s semiconductor sell-off and what investors need to do about it. Club stocks Apple and Broadcom agreed to an expanded partnership through 2031. 2. Should we start worrying about excessive stock supply hitting the market again? South Korean memory giant SK Hynix is looking to raise $28 billion in a Nasdaq listing later this week. SK Hynix’s primary listing will still be in South Korea, but these U.S. depository shares improve its access to capital and expand its investor base. Also, SpaceX is set to join the Nasdaq 100 tomorrow. 3. Solstice Advanced Materials announced it is buying Element Solutions . This creates a specialty chemical powerhouse with exposure to the semiconductor sector. It’s a really smart deal, a cash-and-stock transaction valued at $14.5 billion, including the assumption of net debt. Solstice, which was spun off from Honeywell last year, is on the Club’s Bullpen stock watch list . 4. Bank of America upped its price target on Club name Corning to $243 from $223. Kept its buy rating. We trimmed our position last week as the glassmaker rocketed to new highs for unclear reasons. That allowed us to sidestep a two-day 23% decline, but we still like Corning’s multiyear AI story. So does BofA, with analysts noting Corning’s opportunity with new glass technology for semiconductors. 5. Citi added Micron to its 90-day upside catalyst watch, citing the potential for even higher memory prices in the second half of this year. If Citi is right, that has worrisome implications for hyperscalers’ data center budgets and for consumer electronics, with Apple already raising iPad and Mac prices due to memory costs. Citi also added a 30-day downside catalyst on Qualcomm on concerns about smartphone shipments. 6. T-Mobile was upgraded to buy from hold at BofA. Price target stayed at $220. The stock topped out back in March 2025 at roughly $273 and has been drifting lower since, ending last week at $177.52. Analysts argued that the market is overreacting to concerns about a telecom industry peak and said T-Mobile’s city-heavy customer base makes it relatively well protected against rural satellite adoption. 7. Raymond James downgraded JetBlue to sell from hold, and took Delta Air Lines to outperform from “strong buy.” They see limited upside in JetBlue’s stock after its recent rally, coupled with a murkier long-term outlook for equity investors. Delta is still analysts’ favorite pick for long-term investors, but the stock’s run-up prompted the rating change. Delta reports earnings on Friday. 8. Airlines are clear winners from the collapse in oil prices, as traffic through the Strait of Hormuz has resumed and the U.S and Iran work on a peace deal. Both WTI and Brent crude are trading near their pre-war levels this morning. Now, layer in OPEC+ agreeing to a further increase in output targets, and the oil market could be oversupplied. That’s huge for the fight against inflation. 9. First Solar’s price target was increased to $320 to $255 at Wells Fargo. Analysts, who reiterated their buy rating, updated their financial projections to account for potential benefits from Section 232 national security tariffs. A decision from the Trump administration’s investigation could arrive next month. First Solar shares are down about 14% this year after a strong 2025. 10. Cantor Fitzgerald lifted its price target on Club stock Eli Lilly to $1,350 from $1,230. Analysts also upped AbbVie to $265 from $240. Drug stocks have had a great few weeks, benefiting from the rotation away from AI winners. Cantor said the question heading into the second-quarter earnings season is whether the industry’s fundamentals are strong enough to sustain momentum. 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 Monday
Jul 6, 2026
