Jim Cramer’s top 10 things to watch in the stock market Monday

My top 10 things to watch Monday, Sept. 30

1. Wall Street is on track for slight declines Monday, the last session in what has been a strong, but volatile, third quarter and month of September. Within the Investing Club’s portfolio, our top-performers in the third quarter have all been outside tech. In the week ahead, the September jobs report on Friday morning will be pivotal for the market.

2. Oil prices edged lower Monday despite an escalation of Israel’s attacks on Hezbollah in Lebanon. Back in 1973 during the Yom Kippur War, there was a four-fold increase in the price of oil because of an Arab-led OPEC embargo. Now there is no embargo and the price oil may be set by the U.S. Back then, the U.S. produced roughly 9.2 million barrels a day. Now? 13.2 million barrels. Russian is also flooding the world with oil to finance its war with Ukraine. Plus, China’s recent stimulus announcements are impacting iron and copper prices, not oil.

3. JPMorgan analysts said demand for Apple‘s iPhone 16 Pro is starting to overcome a slower start, citing steady lead times for that higher-end model. Morgan Stanley also argued lead times are stabilizing, rather than contracting. In my Sunday column for Club subscribers, I once again urged investors to not trade Apple stock based on lead time reports, which are meaningless. China’s stimulus efforts should help iPhone demand.

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