My high 10 issues to observe Tuesday, July 5 1. Wall Avenue was heading for a modestly increased open. Monday’s bounce-back rally after Friday’s weak jobs-driven hunch broke a four-session dropping streak. Membership earnings forward: Disney is tomorrow morning, with Eli Lilly on Thursday morning and Texas Roadhouse on Thursday evening. 2. President Donald Trump instructed CNBC this morning in a wide-ranging interview that Treasury Secretary Scott Bessent doesn’t need to be chairman of the Federal Reserve. However Trump mentioned 4 others are within the working. The president additionally mentioned pharma tariffs might finally go as much as 250% and semiconductor levies are coming . 3. Eaton shares fell 5% this morning after the facility administration supplier reported solely slight second-quarter EPS and income beats. The Membership title’s present quarter steering got here up brief, however the full-year outlook was raised and above estimates. Eaton makes merchandise that assist AI knowledge facilities run. 4. DuPont beat the tariffs. Taking them down from $60 million impression to about $20 million for fiscal 2025. That interprets to 4 cents per share. Extremely low. Second-quarter EPS and income beat estimates. Present quarter and full-year earnings steering additionally exceeded expectations. The Membership inventory rose greater than 5%. 5. Diamondbank Power , thought of one of the best there may be by many, mentioned in a letter to shareholders alongside sturdy earnings: “We proceed to consider that at present oil costs, U.S. shale oil manufacturing has doubtless peaked.” Rig rely has declined by 60. In oil and pure gasoline, we personal Coterra Power , which reported quarterly beats. The convention name is later this morning. We’ll be listening and sending out an earnings commentary to Membership members right now. 6. Palantir delivered a knockout punch to the shorts by demonstrating ultra-high development and big margins. Final evening’s post-earnings convention name was stuffed with examples of companies bringing the massive knowledge firm in, with its proprietary software program and fashions based mostly on OpenAI, and the way a lot cash all people saved. Fairly a name, with much less bluster than ordinary from Palantir CEO Alex Karp. Rule of 40 is definitely 94. Income development 48% plus 46% adjusted working margin. I’ve by no means seen something prefer it. The inventory, already up 112% as of Monday’s closed, jumped 6.7% this morning. 7. Dow part Caterpillar reported a blended second quarter, lacking on earnings per share however beating on income. Manufacturing prices have been increased. 8. Financial institution of America raised its Oracle value goal to $295 per share from $220. The analysts, who stored their impartial ranking, have been inspired by the capital expenditure guides from Membership title Microsoft and Meta Platforms . Oracle is anticipated to report earnings subsequent month. The inventory rose to round $256 this morning. 9. Citi analysts throw within the towel on their bearish value goal on Wayfair , elevating it to $93 from $32. In addition they upgraded the inventory, which was buying and selling round $75 this morning, to a purchase. It seems that tariffs did not matter as a lot as Citi thought. Good numbers and actually fascinating logistics enterprise. 10. Quick meals chain operator Yum Manufacturers missed on second-quarter EPS and income. Quarterly identical retailer gross sales at Taco Bell and KFC missed. Pizza Hut’s decline of 1% was not as steep as anticipated. Whole restaurant margins got here in decrease than estimates. Join my Prime 10 Morning Ideas on the Market electronic mail e-newsletter free of charge (See right here for a full listing of the shares at Jim Cramer’s Charitable Belief.) As a subscriber to the CNBC Investing Membership with Jim Cramer, you’ll obtain a commerce alert earlier than Jim makes a commerce. Jim waits 45 minutes after sending a commerce alert earlier than shopping for or promoting a inventory in his charitable belief’s portfolio. If Jim has talked a few inventory on CNBC TV, he waits 72 hours after issuing the commerce alert earlier than executing the commerce. 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.