Jim Cramer's top 10 things to watch in the stock market Wednesday

My top 10 things to watch Wednesday, June 10 1. Stocks are headed for a lower open. Following retaliatory U.S. airstrikes, President Donald Trump said this morning that Iran is taking too long to agree on a peace deal and must "pay the price." Oil prices are up. The May consumer price index matched expectations. Bond yields ticked lower. While the highest in three years , the inflation reading didn't change either way the market's odds favoring at least one Fed interest rate increase this year. 2. The liquidating of stock positions to buy into the SpaceX IPO continues. It can intensify into Friday's start of trading. The biggest cap names will be the biggest donors once the deal is done because of the need to include SpaceX into the Nasdaq 100. Funds tied to the index will have to rebalance. 3. Here we go: Anthropic unveiled a new high-powered enterprise model, called Claude Fable 5, based on Mythos. The company has promised a measured approach to releasing Mythos-class models because they are so good at identifying security flaws. Anthropic dropped its initial IPO paperwork last week. 4. Barclays lowered its Honeywell price target to $239 from $251, citing a weaker near-term cash flow outlook. It kept the Club name as a buy. Bernstein started coverage with a hold and price target of $233. The automated side of Honeywell is hard for these folks to grasp. They think it will be an underperformer. I don't agree. 5. Barclays kept its buy on SailPoint , one more identity cyber company. This one was brought to you by Thoma Bravo, the private equity software company specialist. The "SaaSpocalypse" is over, Thoma Bravo founder Orlando Bravo told CNBC yesterday . He argued that AI now offers software companies an "enormous tailwind." 6. Dutch Bros named best mid-cap stock idea at TD Cowen. Analysts called the coffee chain a "positive sales revision story," which is an anomaly in the lagging food and beverage group. We like Dutch Bros, but like how Club name Starbucks is coming together more. The Starbucks turnaround story under CEO Brian Niccol remains strong. 7. Evercore ISI upgraded Entergy to buy from hold with a $121 price target, up from $115. Analysts were more confident after the electric power company's investor day, citing management's ability to attract significant load demand. After speaking with CEO Drew Marsh on "Mad Money" last night, the call makes perfect sense. Seems like a win for ratepayers and stock holders. 8. Barclays lowered its price targets on McKesson and Cencora on weakness in the drug distributor space. Analysts pointed to the potential impact of GLP-1s and the Inflation Reduction Act. McKesson taken down to $925 from $1,050. Cencora goes to $350 from $425. Not used to seeing PT cuts in this once wildly popular group of middlemen. 9. Nike downgraded at RBC Capital to hold from buy. Analysts said the turnaround under CEO Elliott Hill is "slower and narrower" than expected. Despite big insider buying and a definitive plan to rehabilitate this company, the stock has still been dropping down roughly 29% year to date. I think Nike will go higher eventually; but right now, it's our worst stock. 10. Survivor: Datadog price target raised to $260 from $215 at Barclays. Confident in this one. Good agentic. The stock has been getting hit since all-time highs on June 1. Datadog is a provider of monitoring and security for cloud applications. Still up more than 65% year to date. Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free (See here for a full list of the stocks at Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. 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.