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Jim Cramer’s top 10 things to watch in the market Wednesday: Nat gas, semiconductors, banks


My top 10 things to watch Wednesday, Jan. 11, 2023

1. Stocks up Wednesday morning. Bond yields down. Oil and natural gas up, too. But nat gas has been on a nearly two-month slide. Tom Jorden, CEO of Club holding Coterra Energy (CTRA), mounted a spirited defense of the much-maligned company in an interview with me late Tuesday. Coterra is about 50% crude and 50% nat gas.

2. KeyBanc very negative on Club holding Advanced Micro Devices (AMD), saying demand has softened across the board; lowers price target to $80 per share from $85. Barclays actually raises PT to $70 from $68; acknowledges weakness. December bad.

3. Club holding Nvidia (NVDA) is top five S&P 500 stock so far this year after a really rough 2022. I do worry about gaming, smartphones, and the need for more data centers even. KeyBanc cuts PT to $220 from $230.

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