Jim Cramer’s top 10 things to watch in the stock market Tuesday

My top ten most noteworthy events Tuesday, September 26th 1. U.S. stocks were slightly lower in pre-market trading, with the S&P 500 down 0.57%, while Treasury yields continued to remain stable. Can the tyranny of the bond market be eased? The 20-year Treasury yield rose significantly, near 4.8%, with little reversal. I’ve told club members that it won’t be reversed for more than a year. And it looks like that’s happening, as long-term interest rates rise to levels not seen since the economy’s severe inflation in 2006. 2. Is the world ready for 7% interest rates? In an interview with the Times of India, JPMorgan CEO Jamie Dimon pondered whether the Fed could raise interest rates to such high levels. He’s been a “6%er” for a while. The central bank last week kept the federal funds rate at a target range of 5.25% to 5.5%, but said rates could remain higher for longer. 3. According to the ICE U.S. Dollar Index, the U.S. dollar has gained more than 2% since early September—another bad sign for the economy. 4. Only the richest 20% of Americans still have excess savings from the Covid-19 pandemic, while 80% have less cash on hand than when the crisis began, according to the Federal Reserve’s latest household finance study. 5. Russian oligarch Oleg Deripaska told the Financial Times that Russia has successfully circumvented Western oil sanctions imposed for its invasion of Ukraine by developing new trade relations with the global South, including China. 6. The collapse of Chinese real estate company Evergrande could lead to a $30 billion restructuring as the company faces a new government investigation. Of course, the stock is still trading, which is crazy. This complicates matters because the stock may be worthless. 7. CLUB NAME Ford Motor Co (F) halted production at its $3.5 billion electric vehicle battery plant in Michigan amid ongoing negotiations with the United Auto Workers union. Ford gets tough as UAW strikers redouble efforts. 8. President Joe Biden will picket lines with UAW members in Michigan on Tuesday. That’s unheard of and a huge negative for automakers Ford, General Motors (GM) and Stellantis (STLA). 9. Macy’s (M) expects delinquency rates to rise sharply in June and July, with Bank of America calling the situation “worse than we expected.” Kohl’s (KSS) and Nordstrom (JWN) should see this as well. Bank of America cut its price target on Kohl’s to $22 a share from $25 and on Nordstrom to $13 a share from $14. 10. Stifel lowered its target price on Target (TGT) to $130 per share from $145 while maintaining a Hold rating on the stock. The company noted that discretionary spending continued to decline. Subscribe for free to my Top 10 Market Morning Ideas email newsletter. (See here for a complete list of Jim Cramer Charitable Trust stocks.) As a subscriber to the CNBC Jim Cramer Investment Club, you will receive trade alerts before Jim makes his trades. Jim waits 45 minutes after sending a trade alert before buying or selling stocks in his charitable trust portfolio. If Jim talked about a stock on CNBC TV, he would wait 72 hours after issuing a trade alert before executing the trade. The investment club information above is subject to our Terms and Conditions and Privacy Policy and our Disclaimer. No fiduciary duty or obligation shall exist or arise upon your receipt of any information relating to the Investment Club. No specific results or profits are guaranteed.

10 things that matter most to me on Tuesday, September 26th

1. U.S. stocks edged lower in pre-market trading S&P 500 Index fell 0.57%, while Treasury yields continued to remain stable. Can the tyranny of the bond market be eased?This is a significant rebound in yields 20-Year Treasury Bond, close to 4.8%, with almost no reversal. I’ve told club members that it won’t be reversed for more than a year. It looks like that’s happening, as long-term interest rates rise to levels not seen since the economy’s severe inflation in 2006.

2. Is the world ready for 7% interest rates?JPMorgan Chase CEO Jamie Dimon ponders whether the Fed can raise rates that high in an interview times of india. He’s been a “6%er” for a while. The central bank last week kept the federal funds rate at a target range of 5.25% to 5.5%, but said rates could remain higher for longer.

3. According to the Associated Press, the U.S. dollar has gained more than 2% since early September. ICE U.S. Dollar Index –Another bad sign for the economy.

4. The Federal Reserve’s latest household finance study shows that only the richest 20% of Americans still have excess savings from the Covid-19 pandemic, while 80% have less cash on hand than when the crisis began.

5. Russia has succeeded Evading Western Oil Sanctions Russian oligarch Oleg Deripaska told the Financial Times that Russia responded to the Ukrainian invasion by developing new trade relations with southern countries, including China.

6. The collapse of Chinese real estate company Evergrande could lead to a $30 billion restructuring as the company faces a new government investigation. Of course, the stock is still trading, which is crazy. This complicates matters because the stock may be worthless.

7. Club name Ford (F) Cease its production $3.5 billion electric vehicle battery factory In Michigan, negotiations are underway with the United Auto Workers.Ford takes tough stance UAW forward Double down.

8. President Joe Biden is Ready to become a UAW member on picket lines in Michigan on Tuesday. This is unheard of and is certainly a huge negative for the automaker, Ford, General Motors (General Manager) and star (STLA).

9. macy’s department storeDelinquencies are expected to rise sharply in June and July, with Bank of America calling the situation “worse than we expected.” Kohl’s (KSS) and Nordstrom (JWN) should see this too. Bank of America cut its price target on Kohl’s to $22 a share from $25 and on Nordstrom to $13 a share from $14.

10. Stifel lowers target price Target (TGT) price per share was lowered to $130 from $145, while maintaining a Hold rating on the stock. The company noted that discretionary spending continued to decline.

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As a subscriber to Jim Cramer’s CNBC Investing Club, you will receive trade alerts before Jim makes his trades. Jim waits 45 minutes after sending a trade alert before buying or selling stocks in his charitable trust portfolio. If Jim talked about a stock on CNBC TV, he would wait 72 hours after issuing a trade alert before executing the trade.

The investment club information above is subject to our terms and conditions, and privacy policy, together with our disclaimer. No fiduciary duty or obligation shall exist or arise upon your receipt of any information relating to the Investment Club. No specific results or profits are guaranteed.

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