The Club's top 10 things to watch in the stock market Monday

The Club's 10 things to watch Monday, June 29 — Today's newsletter was written by Jeff Marks, the Club's director of portfolio analysis. 1. S & P 500 and Nasdaq futures are higher this morning, recovering some of last week's losses, after the U.S. and Iran agreed to stop military strikes following a recent flare-up. President Donald Trump said on Truth Social that a meeting with Iran will take place tomorrow in Doha, Qatar. Oil is slightly higher. 2. We're coming off a rough and volatile week for the AI trade, especially the megacap tech companies funding a large chunk of the data center buildout. What's next? Jim Cramer devoted his Sunday column for Investing Club subscribers to answering that question. 3. Club name Honeywell completed its long-awaited breakup, spinning off its aviation and defense business into a standalone company called Honeywell Aerospace (ticker: HONA). The remaining Honeywell Technologies , which will keep the HON ticker, is focused on industrial automation. We plan to own both for the Club. Melius initiated coverage of HONA with a buy rating and a $306 price target. Cowen and Wolfe Research are out with holds. 4. A bunch of initiations for Quantinuum , the Honeywell-backed quantum company that went public on the Nasdaq earlier this month. Cantor, Bank of America, Jefferies, and UBS all started with buys. Morgan Stanley went with a hold. We don't own QNT (a bit too speculative for us). However, the company doing well would be positive for the value of Honeywell Technologies' stake. 5. SpaceX will be added to the popular Nasdaq 100 index before trading begins on July 7. Elon Musk's rocket and AI company benefited from the exchange operator's new fast-track eligibility criteria, adopted ahead of SpaceX's historic IPO. The stock is up about 2% premarket. It's down over 20% since its June 16 close. 6. Staying in space: Rocket Lab is buying Iridium Communications in a cash-and-stock deal valued at roughly $8 billion. Iridium has a satellite communications network, while Rocket Lab has a rocket launch and satellite manufacturing business. Rocket Lab says it will be "one of the most transformative deals in the space industry." 7. Martin Marietta Materials announced an agreement to combine with Lhoist North America in a $13.5 billion cash-and-stock deal. The combined firm would be the country's leading lime and limestone company. We saw another deal in the building materials industry last week, with CRH buying Arcosa for $8.5 billion . Club name Goldman Sachs , which we own for its M & A prowess, had a hand in both deals. 8. Cantor Fitzgerald raised its price targets on a handful of semiconductor stocks, including Micron ($2,000 from $1,500) and Applied Materials ($850 from $650). Both companies are among Cantor's top chip picks. Club names Nvidia and Broadcom are also on its list. 9. Nike's price target was lowered to $47 from $52 at JPMorgan ahead of earnings Tuesday night. Analysts kept their hold rating. As we said in our "week ahead" column for Club members, this is a make-or-break report for Nike. The turnaround under CEO Elliott Hill has been disappointing thus far. 10. KeyBanc trimmed its price target on McDonald's to $315 from $330. While maintaining their buy rating, analysts reduced their U.S. same-store sales expectations, saying the business hasn't regained momentum yet. 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.