Jim Cramer names key factors for the US stock market
In the United States, the stock market was expected to open higher on Friday, September 11, following the release of core consumer inflation data. The S&P 500 and Nasdaq indexes were trying to break a streak of four declining sessions, Jim Cramer reported in CNBC Top News. In his assessment, the market had little doubt about a Federal Reserve rate hike at next week's meeting, while bond yields remained high with nearly unchanged movement.
Oil prices were declining slightly, but WTI remained near $100 per barrel and Brent was around $104. Cramer noted that prices were affected by supply problems in the Middle East and risks of conflict escalation. According to the International Energy Agency, global oil supply in 2026 may decline by 5.7 million barrels per day, which is 6% less than last year.
Rates and the housing sector
Mortgage rates on 30-year loans reached 7%, which, in Cramer's view, is beginning to restrain the housing market. Wells Fargo lowered price targets for homebuilders Lennar, D.R. Horton, Toll Brothers and PulteGroup, as well as building materials producer Masco, toolmaker Stanley Black & Decker and Whirlpool. Cramer called Home Depot a company in his portfolio that is sensitive to interest-rate dynamics.
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Home goods retailer RH, formerly known as Restoration Hardware, exceeded expectations for quarterly margin, earnings and sales. Despite the company's weaker forecast, its shares were up 7.5%.
Technology companies and AI
Oracle shares gained about 6% after its artificial intelligence cloud business figures exceeded expectations. Cramer noted that the company's new contracts do not require additional capital, although its forecast for fiscal year 2027 was fairly restrained. Since the beginning of the year, Oracle shares were still down about 17%.
Cramer also noted that Adobe's revenue and earnings per share exceeded expectations, while annual recurring revenue from AI-focused products rose by 150%. Microsoft plans to triple data-center capacity to 38 gigawatts by 2032; Cramer called this a positive factor for GE Vernova. RBC analysts initiated coverage of Dell with a buy rating and a $640 price target, while Goldman Sachs reaffirmed its buy rating on Nvidia with a $300 per-share price target.
