My top 10 things to watch Tuesday, June 3 1. The S & P 500 was heading for a slightly lower open after the index gained modest ground yesterday in the first trading day of June. Tariffs are still front and center. The OECD sharply cut its U.S. economic growth forecast. Another negative headline is The Wall Street Journal’s feature on China’s hardline new trade negotiator. 2. Club name Meta Platforms has reached a deal to use Constellation Energy nuclear power in Illinois for 20 years to power data centers. Constellation shares jumped nearly 11% on the news. This should ignite nuclear stocks. Don’t forget the only legitimate nuclear play when it comes to construction is Club name GE Vernova . 3. JPMorgan upgraded Pinterest to buy from neutral and raised its price target on the stock to $40 a share from $35. The analysts cited progress from its 2023 investor day growth strategies. I like this call because Pinterest and Reddit are good, cheap sites to advertise on. 4. Bernstein cut its Campbell’s price target to $44 a share from $47 but kept its outperform buy rating. The analysts described earnings as “not too shabby.” I talked about Campbell’s last night on “Mad Money.” Meals are good. But there is a GLP-1 overhang — unflagged by the company. Lots of other PT cuts. 5. Texas legislation, backed by HHS Secretary Robert F. Kennedy Jr., and awaiting the governor’s signature, would put “not recommended for human consumption” warnings on ultra-processed snacks and beverages. It would hit companies including Campbell’s, PepsiCo , General Mills , Kellogg , and Mondelez . 6. Dollar General shares jumped more than 9% this morning after the retailer beat on quarterly earnings and revenue and raised guidance. We have been saying that the dollar store stocks are going to go higher. They have been pushed endlessly. 7. Barclays raised its Taiwan Semiconductor Manufacturing price target to $240 a share from $215. The analysts, who maintained their overweight buy rating, see “upside in advanced logic but downside risk in memory.” A bump in TSMC should be good for Club name Nvidia . 8. Piper Sandler raised its Lululemon price target to $315 a share from $280, a catch-up call but still below where the stock closed yesterday roughly $323. The analysts thinks the athletic wear maker could beat when it reports earnings on Thursday. I think this could be a big surprise to the upside. They “kitchen-sinked” the last quarter. 9. Club name Microsoft is cutting hundreds more jobs after laying off 6,000 already. That’s roughly 3% of the company’s 228,000 employees as of last June. It’s likely the biggest round of job cuts at Microsoft since it reduced its headcount by 10,000 back in 2023. 10. Cantor Fitzgerald initiated Club name Salesforce with an overweight buy rating and a $325 price target. That PT represents 24% update to yesterday’s close. The analysts cited margin expansion, capital allocation, and reasonable valuation. This stock has been miserable since it reported earnings. 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.