Wednesday's Top 10 Stock Market Topics: Stocks, Retailers, And AI

1. After breaking three-session winning streaks, the Dow and S&P 500 are set to open higher. Also poised to rise is the Nasdaq, which has been losing ground for the past two days. It's the end of the first quarter for Wall Street: The Dow is expected to lose ground; but the S&P 500 is expected to gain ground, especially the Nasdaq.

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2. Jeff Gennette, the CEO of Macy's (M), is retiring early next year. He will be replaced by Tony Spring, CEO of Bloomingdale's, the company's higher-end department store. "Mad Money" tonight with Gennette.

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3. All issues and globally, Lululemon (LULU) had a blowout quarter. Unlike every other apparel company, we have a much higher run rate. Taking them by surprise. Nearly 17% of the stock is up before the opening.

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4. Investing firm Barclays raised its price target on Tommy Hilfiger parent PVH from $106 per share to $110 per share. The price of Morgan Stanley has increased to $77 from $51. From $60 to $100, Evercore ISI is going up. There is no turning back now.

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5. As far as Micron Technology (MU) is concerned, I did not hear anything that would indicate an end to the pain. There are no problems with automobiles, cell phones, or PCs. It might be possible to help China. Stocks are fine. Cash flow that is negative. A huge writedown has occurred. The bottom has been called by Citigroup, Raymond James, and Barclays. It's a great time to be a chipmaker: NVDA (NVDA), AMD (AMD), and Qualcomm (QCOM).

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6. It was announced today that UBS will sell Ross Stores (ROST); Burlington (BURL); and Foot Locker (FL). What are you talking about? It's a good buy. A ton of it was just purchased by the CEO. I would advise you to ignore this call.

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7. Bernstein's picks for the next six months include Qualcomm and Club holding Meta Platforms (META).

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8. A new buy now, pay later service is launched by Apple (AAPL). Four payments can be made over a six-week period with Apple Pay Later. A $50 to $1,000 loan can be obtained with Apple Pay Later.

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9. AI that can compete with humans should be placed on "immediate hold," according to an open letter by the Future of Life Institute. Tesla CEO Elon Musk is among the signatories to the petition.

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10. Chinese President Xi Jinping is a pure Leninist, according to long-time China observer Orville Schell. China's defense budget increased by 7.2%; foreign affairs. It is important for policymakers and business leaders not to ignore what is happening in Beijing.  As for myself, I believe it would be delusional not to see BABA as a smokescreen irrespective of whether you are from Blackstone or Morgan Stanley. According to him, "engagement" is over. It has always seemed to me that Schell is the foremost thinker on the conflict. I'm not predicting a conflict, but such a prediction is becoming impossible to dismiss. Taiwan's fate is in the hands of the Decadent West who wants banking fees.