Jim Cramer’s 10 things to watch in the stock market on Wednesday

1. Wall Street is expected to rise further from Tuesday’s modest gains. S&P 500 and Nasdaq They are looking to make it three wins in a row. 10-Year Government Bond Yield The decline continues in June. The main driver of stock and bond movements on Wednesday was the ADP report, which came in much weaker than expected. The release of the ADP report, coming ahead of a key government jobs report on Friday, bolstered expectations that the Fed will cut interest rates later this year.
2. Crowdstrike CrowdStrike shares rose 12% after the cybersecurity company reported better-than-expected quarterly profit and revenue and provided a better-than-expected outlook. CrowdStrike describes itself as a so-called platform-enabled company. Palo Alto Networksis owned by the club, and CrowdStrike acknowledged that to get to the next level it needed to partner with the club’s name and AI chip giant Nvidia.
3. Hewlett Packard Enterprise Shares of HPE rose more than 15% after the server and hybrid cloud company beat expectations on quarterly revenue and profit. While there are skeptics, I think HPE is a strong alternative to Dell. HPE has a lot of customers and a huge backlog, which makes it a strong data center deal.
4. Cisco Systems Nvidia CEO Jensen Huang agrees. Cisco CEO Chuck Robbins emphasized big growth in 2025. Robbins spoke about the company’s partnership with Nvidia to integrate with Ethernet. It could be big growth. Cisco’s growth rate accelerated from 1% to 3%, maybe 6%. Club name Microsoft supported the plan, but as Melius Research said in a note, the situation is complicated.
5. Barclays raises price target Taiwan Semiconductor Manufacturing Company Analysts said TMSC’s next-generation production node, 2-nanometer, will ramp up more quickly than the current 3-nanometer technology, which will have a positive impact on other semiconductor manufacturers. Applied Materials and KLA CorporationBarclays upgraded both AMAT and KLA to the equivalent of hold from sell. We believe the sell was a mistake.
6. City said the club name. apple Demand has been steady in China. Analysts added that services revenue has been very strong, with continued double-digit revenue growth on a percentage basis, which is exceptional due to availability of Apple Music, Shazam, Apple Podcasts and video apps.
7. Eli Lilly CFO Anat Ashkenazi alphabet‘s chief financial officer, effective July 31. The announcement comes nearly a year after Alphabet first said current CFO Ruth Porat would become president and chief investment officer. Both Lilly and Alphabet are club stocks.
8. Dollar Tree Breakup? Shares fell about 2.5% on news that the company was considering selling its Family Dollar brand, a big drag. Dollar Tree bought Family Dollar in 2015 for nearly $9 billion, but the chain has struggled to compete with rivals. Dollar General.
9. BlackRock and Citadel are backing a group that wants to start a new national stock exchange in Texas. Not bad: Backers have raised $120 million. The exchange, an alternative to the New York Stock Exchange and Nasdaq, would be less regulated.
10. Demand for mortgages fell for the second straight week as mortgage rates rose to their highest levels since early May. Total mortgage applications fell 5.2% last week. Purchase applications fell 4%. Refinance applications fell 7%.

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