My top 10 things to watch Tuesday, Oct. 6 1. Who knew that oil prices and bond yields could actually go down? That’s what is happening this morning, at least. Stock futures are green across the board, with the Nasdaq poised to build on yesterday’s all-time closing high. Will the S & P 500 join the party today? It closed just 0.3% below its Aug. 13 record close. 2. Huge investor day for Marvell Technology . Kicks off at 9 a.m. ET. The maker of custom AI chips and networking gear could raise its long-term financial targets substantially, with big reverberations through the hyperscaler and chip worlds. CEO Matt Murphy has built a genuine powerhouse. We’ll be looking for readthroughs to our position in Broadcom . 3. Advanced Micro Devices scored a massive price target boost at Citi, which went to $800 from $575, implying 27% upside. The rise of personal agents like Meta’s Muse and startup Instinct caused analysts to hike their 2030 targets for the size of the central processing unit (CPU) market, with AMD as the primary beneficiary. They see Club name Intel as the secondary beneficiary. We like Intel for both CPUs and its nascent third-party foundry business. 4. The enthusiasm over Muse is warranted, according to Meta analysts at Wells Fargo. But they also said Meta’s upcoming third-quarter earnings call could offer a “proper dose of caution for those expecting Muse financial contributions” next year. They see 2027 as the trough for earnings, before an AI-driven product cycle commences. Still, a gigantic price target hike to $1,000 from $796 prior, representing 35% upside. 5. The same analysts at Wells nudged up their Alphabet price target to $417 from $411, implying 20% upside. They expect a strong quarter, led by Google Cloud revenue growth of 142% year over year, with some benefit from fledgling external sales of its custom AI chips known as TPUs. But Wells asks: What’s the right way to value that new revenue stream? Also expecting solid Google Search performance, but argued they have to address the Muse issue. 6. OpenAI is in talks to raise $30 billion at a $1.4 trillion valuation from a coalition that includes funds from the UAE and BlackRock , according to Bloomberg News . Recall, Sam Altman has said OpenAI won’t IPO this year . CFO Sarah Friar told CNBC last week, “We don’t want to get distracted by being a public company in the midst of … our focus on safety and alignment. … That’s why it’s good to always have your eye on your balance sheet to make sure you have that optionality.” 7. Citi boosted its price target on Skyworks Solutions to $90 from $94 following the completion of its merger with Qorvo yesterday. Kept its hold rating, though. Both companies are suppliers to Apple in the area of wireless signals. The combination is expected to be immediately accretive to adjusted earnings. B. Riley Securities upgraded Skyworks to buy from hold. 8. KLA Corp’s price target was lowered to $227 from $253 at Morgan Stanley, though it maintained its buy rating on the semiconductor equipment maker. Analysts said a lot has gone wrong for KLA this year but expect a better year in 2027. I favor Lam Research and Applied Materials because they have higher exposure to the memory-chip industry, which is racing to add capacity. 9. McDonald’s price target at KeyBanc was cut to $280 from $305. But analysts are sticking with their buy recommendation. They believe the stock’s weakness reflects its current challenges, and that the fast food chain can get the top-line going again. Though I was disappointed by last month’s investor day, the stock is cheap enough that it’s tempting. Ultimately, this is a show-me story. 10. Procter & Gamble was upgraded to buy from hold at Evercore. Analysts see improving execution and believe P & G is on track to exit this fiscal year at a healthy enough top-line growth rate to deliver operating leverage and help profits. Within consumer staples, we own Huggies maker Kimberly-Clark , with the upcoming Kenvue merger being an exciting catalyst. 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
Oct 6, 2026
