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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 night gas has been on an almost 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% natural 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.

list two”The Homestretch,” our new daily audio feature exclusive to Club members. It’s a way for me to help you get ready for the final hour of trading. Look for our text and email alerts.

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