My top 10 things to watch Tuesday, March 31 1. Iran war ends, what happens? Commodities collapse? According to The Wall Street Journal , President Donald Trump is thinking about ending U.S. military operations even if the Strait of Hormuz remains blocked. Brent international oil prices surged another 4% this morning, topping $117 per barrel. U.S. gas prices topped $4 per gallon . 2. The S & P 500 is headed for a higher open, despite higher oil prices. Right where we were yesterday morning, before the index reversed and closed lower for the third straight day. The S & P 500 has lost nearly 8% in March, with one trading day to go. That would be its worst month since September 2022. 3. Marvell shares are surging almost 10% after inking a strategic partnership with Club name Nvidia . The alliance will help custom processors designed by Marvell connect with Nvidia’s networking technology. Nvidia is also investing $2 billion into Marvell, something we’ve seen the AI chip giant do with a bunch of other ecosystem partners. Nvidia shares were up 1.5% this morning. 4. Spice king McCormick is expanding its reach in spreads and condiments, announcing a $45 billion deal to buy Unilever ‘s food business, which includes Hellmann’s mayo. McCormick is great, but it only reported quarterly organic sales growth of 1.2%. It reaffirmed its full-year 2026 outlook. 5. TD Cowen cut its Procter & Gamble price target to $142 from $156. Keeping a hold on the Club name, Cowen analysts reduced earnings estimates for household and personal care stocks. They don’t think P & G or its rivals, like Kimberly-Clark and Clorox , will be able to fully absorb the impact of higher oil on costs. 6. Oppenheimer predicted good things for Alphabet , expecting Google Search to be the most durable advertising business in the face of any consumer spending slowdown due to high gas prices. The analysts see Google Cloud upside continuing. I have loved this Club stock, which looks even better down 20% from its February highs. 7. Wells Fargo cut its Ford price target to $10 from $11 and reiterated its sell rating. The analysts also maintained their sell calls on General Motors and Jeep maker Stellantis , the other members of Detroit’s Big Three. The Iran war fallout has crushed these stocks, raising costs for raw materials, freight, and energy. Wells is worried about the automakers’ guidance. 8. Loop Capital started coverage of the payments space with buy ratings on Block , Mastercard , and Visa . It assigned hold ratings to Toast and PayPal . Block has come back in vogue after its massive layoff announcement, but Loop sees fundamental drivers of topline growth. I have always admired the long-term performance of Mastercard and Visa. 9. Wells Fargo raised its GE Vernova price target to $896 from $831. The analysts still view the Club stock as a buy and expect solid upcoming quarterly results. They expect continued strong gas turbine bookings and positive pricing remarks. Everyone wants to get in line for its sold-out turbines that can be used to power AI data centers. 10. ServiceNow got a price target cut at Wells Fargo to $185 from $225. That’s not surprising considering the carnage in enterprise software stocks on AI disruption fears. The analysts are still bullish on the stock because that PT implies nearly 80% upside from yesterday’s close. They see ServiceNow’s upcoming investor day as a catalyst for the stock. 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
Mar 31, 2026