My top 10 things to watch Wednesday, April 23 1. Stocks are on pace to have a second big day in a row. Today’s rally is largely about President Donald Trump saying he has “no intention” to fire Fed chief Jerome Powell. Trump’s attacks on Powell rattled the market Monday, but we bounced back yesterday. 2. Trump also suggested the 145% tariff rate on Chinese imports won’t stay that high. Shares of Club name Apple , which makes a lot of iPhones in China but is currently exempt from that triple-digit rate, are up more than 3% this morning. Fellow Club stocks Amazon and Nvidia also are up big, which could be some short-covering. 3. Tesla shares jumped 7% this morning despite first-quarter sales and profits missing expectations. CEO Elon Musk is still all systems go on launching a robotaxi pilot in Austin in June. Tesla also plans to start making humanoid robots later this year. 4. GE Vernova is standing by its 2025 guidance despite tariffs. The maker of gas and wind turbines also saw its backlog increase $4.4 billion during the first quarter. While there’s lots of noise around the data center buildout, GE Vernova’s orders are staying strong. Shares are up more than 7%. 5. KeyBanc lowered its price target on Robinhood to $55 a share from $75, while maintaining its overweight buy rating. Analysts said with all the uncertainty, taking a more cautious view is prudent right now. I think this is a mistake. 6. A great quarter from SAP has shares up more than 8% this morning. Wow. The German software maker’s business is really strong, and it reiterated its full-year outlook for cloud revenues. 7. Now is not the time to sell fellow software provider Salesforce . That’s my takeaway from talking to CEO Marc Benioff last night on “Mad Money.” Club name Salesforce is integrating its new AI product Agentforce across its software applications. 8. Club name Bristol Myers Squibb is getting hit after Cobenfy came up short in a trial looking at the new schizophrenia drug’s potential as a combination therapy. There’s still lots of hope for Cobenfy as a monotherapy, and it’s being studied for Alzheimer’s disease psychosis. 9. AT & T is another company to reiterate its 2025 guidance. First-quarter numbers beat on the top and bottom lines. The telecom giant also said it’s going to start repurchasing stock in the second quarter now that it has reached appropriate debt levels. 10. Boeing shares climbed more than 5% after first-quarter losses narrowed and revenues eked out a beat. Also within aerospace, Morgan Stanley upgraded RTX to an overweight buy rating. We have both Boeing and RTX in our Bullpen watchlist for the Club. 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.
US President Donald Trump speaks to reporters as he participates in the swearing-in ceremony for Paul Atkins, Chairman of the Securities and Exchange Commission (SEC), in the Oval Office of the White House on Washington, DC, April 22, 2025.
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My top 10 things to watch Wednesday, April 23
1. Stocks are on pace to have a second big day in a row. Today’s rally is largely about President Donald Trump saying he has “no intention” to fire Fed chief Jerome Powell. Trump’s attacks on Powell rattled the market Monday, but we bounced back yesterday.
2. Trump also suggested the 145% tariff rate on Chinese imports won’t stay that high. Shares of Club name Apple, which makes a lot of iPhones in China but is currently exempt from that triple-digit rate, are up more than 3% this morning. Fellow Club stocks Amazon and Nvidia also are up big, which could be some short-covering.
3. Tesla shares jumped 7% this morning despite first-quarter sales and profits missing expectations. CEO Elon Musk is still all systems go on launching a robotaxi pilot in Austin in June. Tesla also plans to start making humanoid robots later this year.
