Jim Cramer’s 10-point market watch for Wednesday, Sept. 2, focused on rising global bond yields, renewed Middle East tensions, corporate earnings and analyst revisions. U.K., German and French yields moved higher, while the 10-year Treasury yield reached its highest level since November 2023 before steadying. U.S. stock futures were flat as oil prices declined. Iran said two oil tankers struck naval mines in the Strait of Hormuz after the U.S. and Iran exchanged strikes the previous day, and Iran launched a retaliatory missile attack targeting Jordan. Chevron plans to invest $7 billion in Venezuela to more than double its oil production there, although the expansion would take years and is not expected to provide immediate oil-price relief. Dell shares rose nearly 8% premarket after better-than-expected results, supported by strong server demand from enterprise and cloud customers, despite constraints in DRAM and NAND memory and sporadic CPU shortages. Cramer viewed the results as a read-through for Micron, Intel and Nvidia, while saying Nvidia may need a large buyback program to regain momentum. Palo Alto Networks reported a strong fiscal fourth quarter and issued guidance above consensus, with Cramer describing cybersecurity as increasingly dominated by Palo Alto Networks and CrowdStrike. MongoDB shares fell 12% despite results and guidance above expectations after a gain of more than 45% since late July. JPMorgan cut its Edison International price target to $61 from $82 amid continuing fallout from California’s lack of wildfire protections for utilities. Medtronic received higher targets from Bank of America and Baird after a strong quarter. Jefferies initiated Element Solutions with a buy rating after Element and Solstice Advanced Materials terminated their proposed merger last week.