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Cramer Reviews Market Volatility and Key Stock Movements for September
Technology Services · Internet Software/Services · cnbc · 2026-09-01
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Jim Cramer breaks down the top 10 factors influencing the market, including rising oil prices, utility downgrades, and new conviction list additions.
What Happened
Macroeconomic Pressures: September begins with market-wide declines as investors grapple with rising Treasury yields and surging crude oil prices. Geopolitical tensions in the Strait of Hormuz are contributing to energy price volatility, further complicating the outlook for interest rate policy.
Brokerage and Utility Shifts: Morgan Stanley has upgraded Robinhood, citing its successful diversification into wealth management services. Conversely, Bank of America downgraded PG&E and Edison International following legislative developments that limited wildfire protection measures for the utilities.
Pharmaceutical and Tech Convictions: Goldman Sachs has added Vertex Pharmaceuticals to its U.S. conviction list, highlighting the company's growth potential in cystic fibrosis and pain management. Meanwhile, Deutsche Bank initiated coverage on AI hardware, favoring optical suppliers like Lumentum and Coherent as top picks.
Software and Aerospace Outlook: Atlassian continues to see price target increases from analysts, defying previous concerns about AI-driven disruption. Additionally, Citi has placed Howmet Aerospace on a 30-day catalyst watch following comments from Elon Musk regarding SpaceX's internal manufacturing ambitions.