My top 10 things to watch Tuesday, March 3 1. Drone warfare with wall-to-wall press coverage is presenting a possibility of an unwinnable war with Iran. That possibility seems overdone, but it is all very negative and contributing to the big downturn in U.S. futures this morning. The S & P 500 managed to squeak out a small gain yesterday. 2. Another source of pressure this morning: a spike in oil prices on fears of prolonged supply disruptions. Global benchmark Brent crude is up 8% to over $84 a barrel, touching a fresh 52-week high. Saudi Arabia’s Aramco is reportedly looking at alternatives to the Strait of Hormuz for its oil exports. 3. Barclays lifted its price target on sell-rated Apple to $248 from $239. A notable nugget: Analysts tweaked their estimates on the possibility that the September iPhone launch will include the foldable and Pro models, with base models pushed to spring 2027. A call like this would normally matter, but not today. Watch to see if this Club stock performs better than the rest of the megacaps. 4. Blackstone’s main private credit fund was hit with a flood of withdrawal requests in the first quarter, and the firm is taking steps to meet them. That includes Blackstone and its employees investing some $400 million into the fund, known as BCRED. I think they’re handling it honorably, but it does speak to how illiquid private credit is. It also stands in contrast to how Blue Owl handled above-normal redemption requests. 5. MongoDB shares are down 27% this morning after its flagship database product Atlas grew at a slower-than-expected 29% clip in the fourth quarter. Its fiscal 2027 revenue and Atlas guidance was also light. I’d thought MongoDB was superior for document database. Is it competition? Cheaper more convenient offerings from Amazon, Google and Azure for apps to be built on? Baird downgraded shares to hold from buy. 6. Target shares are up more than 4% premarket after the retailer posted an earnings beat for the holiday quarter and offered better-than-expected 2026 guidance. The cadence trends look encouraging, with new CEO Michael Fiddelke saying sales in February turned positive year over year, an “important milestone” on its path back to growth. 7. Best Buy’s fourth-quarter revenues and same-store sales were weaker than expected. Demand for consumer electronics was lackluster across the industry, according to CEO Corie Barry. A sluggish housing market doesn’t help the retailer, either. But adjusted EPS of $2.61 was a beat. It also raised its dividend by 1%. Shares are surging 8% in the premarket. Lots of short interest in this name. 8. Massive declines in the world’s hottest stock market, South Korea. The Kospi Index tumbled 7.2% today, its worst day in a year and a half. Shares of memory chip giants SK Hynix and Samsung Electronics tumbled almost 12% and 10%, respectively. Margin calls. 9. Bernstein hiked its price target on buy-rated GE Aerospace to $405 from $375, implying roughly 17% upside from yesterday’s close. Analysts have an “increasingly positive” outlook on the stock due to its high-quality engine business. Aerospace has been in a remarkable bull market. Boeing is our main way to play it for the Club. 10. A slew of price-target cuts for Norwegian Cruise Line after earnings, including at Bank of America and JPMorgan. Analysts are encouraged by new CEO John Chidsey’s turnaround plan, but believe material fixes for the company will take some time. I think Disney, which has invested heavily in its cruise business, should look at Norwegian as a way to expand its fleet even further. 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.
