My prime 10 issues to look at Wednesday, July 30 1. Wall Avenue is on tempo for a flat open forward of a busy day for the market. Federal Reserve resolution at 2 p.m. ET adopted by Chair Jerome Powell’s press convention a half hour later. After the shut, we hear from Membership names Meta Platforms and Microsoft . 2. Personal payrolls grew by a more-than-expected 104,000 in July, ADP stated this morning in its month-to-month employment report. The federal government’s official jobs report is out Friday. The primary have a look at second-quarter GDP confirmed the U.S. financial system grew 3% within the three months led to June. Elsewhere, President Donald Trump stated his Friday tariff deadline is not going to be prolonged. 3. Membership identify Palo Alto Networks is shopping for CyberArk in a cash-and-stock deal that values the identification safety supplier at $25 billion. That is a bit wealthy versus the $20 billion quantity floated yesterday , however this deal provides Palo Alto a presence in identification administration and accelerates its “platformization” technique . 4. Morgan Stanley lifted its value targets on Membership shares Nvidia and Broadcom , arguing elevated enthusiasm for AI chipmakers is justified by the long-term power within the enterprise. Analysts’ confidence in robust AI spending subsequent yr, specifically, continues to develop. They went to $200 a share from $170 on Nvidia and to $338 from $270 on Broadcom. 5. Citi opened an “upside catalyst watch” on Eli Lilly after the inventory’s sell-off in sympathy with rival Novo Nordisk’s ugly revenue warning. Citi believes the GLP-1 points are extra Novo-specific. I hope that is the case as I am used to seeing the weak pull down the robust. Nonetheless, for the Membership, we trimmed our place in Lilly yesterday to handle threat. 6. Shares of Membership identify Starbucks climbed greater than 5% this morning on the again of final night time’s encouraging earnings report. The general outcomes have been messy, however CEO Brian Niccol had loads of good issues to say about his turnaround plan . He is sped up the timeline of implementing service adjustments at U.S. cafes. I will be speaking to Niccol this morning on CNBC. 7. Jefferies upped its value goal on Baker Hughes to $60 from $54 and saved the inventory as a purchase within the wake of its deliberate Chart Industries acquisition. The oilfield providers agency acquired a very good value on Chart, which can assist it get extra publicity to areas like liquefied pure fuel (LNG). 8. Quite a lot of value goal cuts for UnitedHealth Group following earnings, together with at KeyBanc, which went to $350 from $400. Financial institution of America went to $290 from $300. The insurer established a low earnings baseline so it could begin beating and elevating. 9. Individuals wish to love PayPal once more. Whereas Residents JMP lowered its value goal to $100 from $110, the agency saved its outperform purchase score on the identify following earnings. One other roughly 2 million first-time PayPal and Venmo debit card customers have been added throughout the quarter. 10. UBS oddly lowered its value goal on UPS to $118 from $124 however saved its purchase score on the supply large. I’d take that even decrease. UPS warned of decrease demand yesterday, citing macroeconomic uncertainty. Join my High 10 Morning Ideas on the Market e mail publication without cost (See right here for a full checklist 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 couple of 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.