My top 10 things to watch Tuesday, Sept. 29 1. Iran on its last economic legs because of the oil embargo — it’s a story The Wall Street Journal is pushing and explains why crude prices are down and bond yields are calm this morning. We know that combination means support for stocks, and the S & P 500 is heading for a higher open. The index failed to make it out of the red yesterday as oil reversed sharp early gains and settled modestly lower. 2. Reuters got a look at Anthropic’s initial public offering prospectus, known as an S-1, before its official release. Filled with calamities that potentially await us thanks to artificial intelligence, warning of “existential risk to humanity.” But at least it’d be at scale. Revenue grew 12-fold last year, and they plan to spend $518 billion on cloud computing and AI infrastructure in the coming years. The IPO is expected in November. 3. OpenAI’s developer day is today in San Francisco. The ChatGPT creator said last night it shelved plans to release its a new model, GPT-6.1 Astra, to establish stronger safeguards. Wasn’t performing well enough on “alignment,” or behaving in a safe way humans want, and “scope authorization,” or adhering to its permissions for tasks. On the heels of the big AI safety debate that Anthropic’s Dario Amodei sparked earlier this month. 4. Smart ring maker Oura postponed its initial public offering on the Nasdaq “despite strong demand, due to uncertainty in the IPO market.” Even as the Nasdaq 100 is only 1.5% from its record close on Sept. 22? Had been looking to raise $2.2 billion, with Bloomberg reporting last week the deal was four times oversubscribed. Disappointing. Questions the asset class? Club name Goldman is co-leading the deal . 5. Time to begin thinking of Meta as not only a consumer company but an enterprise one too. That’s how powerful its new Muse agent is, and that’s how you get serious multiple expansion for the Club stock. A day after poaching MongoDB’s CEO to lead its new enterprise push, Meta launched Muse for Small Business. With 200 million small businesses already on its platforms, there’s a natural fit. Meta President Dina Powell McCormick is on “Mad Money” tonight to talk about this. 6. Big call I have been waiting for: Deutsche Bank upgraded Netflix to buy from hold. This one has been a horrendous performer since last summer (down 48% from its record close in June 2025). Deutsche Bank argued concerns about U.S. engagement trends are overblown, especially considering Netflix’s international momentum and still-large runway overseas. Also positive on Netflix’s platform push, adding podcasts, video games, and other distribution partnerships. 7. Can Boeing stabilize today after selling off yesterday on a software glitch disclosure and delay to 737 Max 10 certification? FAA is looking into whether the glitch is a safety issue. Bank of America argued that the cash flow hit from the Max 10 delay is manageable. But I am beginning to worry about credibility here. We own it for the Club. I said wait until $180 to buy more. The aerospace sector is awful right now anyway. 8. Johnson & Johnson ‘s price target was increased to $278 from $263 at BofA. While keeping their neutral rating on shares into third-quarter earnings, analysts increased their long-term sales estimate for Icotyde, J & J’s new pill for psoriasis (and hopefully more indications down the road). They now see peak sales of $4.5 billion, up from $2.4 billion. I think it will be much bigger than that. J & J is a Club name. 9. Nvidia is slightly higher, looking to build off yesterday’s 1.7% advance on its massive buyback announcement . it now has firepower of $235 billion. All indications the repurchases are going to be active, not passive, not sitting there as a percentage of the volume. It’s not anti-dilution. It could be more like Apple ‘s capital allocation plan that retired some 40% of the stock during ex-CEO Tim Cook’s tenure. That’s how you change the trajectory of a stock. 10. Hinge Health : Is this the best new healthcare story? BofA reinstated coverage with a buy rating and price target of $110, implying 19% upside from yesterday’s close. Analysts see multiple ways for the digital physical therapy company to keep growing, including new product adoption and higher member participation. Been really impressed by this one. CEO Daniel Perez has been on “Mad Money” a few times. 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. 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Jim Cramer’s top 10 things to watch in the stock market Tuesday
Sep 29, 2026
