Jim Cramer’s top 10 things to watch in the stock market Friday
My top 10 things to watch for Friday, January 30 1. The S&P 500 was headed for a lower open. But stocks eased after President Donald Trump nominated Kevin Warsh to be the new chairman of the Federal Reserve. On Friday morning, Warsh’s election appeared likely to ease concerns about the Fed’s independence, and gold and silver prices, which had risen recently, fell. The new Fed chairman faces a tough balancing act on the dual task of promoting employment and keeping prices stable. This morning, the producer price index, which is the latest data on inflation, came in above expectations for December. 2. The club that owns Apple recorded a terrific quarter last night. Demand for the iPhone was great and service was strong. The Chinese market has been amazing, but watch India grow. Does lack of memory cause problems for the company? It will happen, but this will be an even bigger problem for all players who do not receive subsidies. Hold, don’t trade Apple, whose shares have been very high throughout the week and are poised to break an eight-week losing streak. 3. Red-hot stock Sandisk rose another 22% this morning after the data storage company reported a tremendous quarter. As of yesterday’s close, Sandisk shares are up an incredible 175% year to date. Goldman Sachs raised its price target to $700 from $320. Analysts are forecasting further upside for the stock after guidance significantly exceeded already sky-high expectations. Bernstein increased his PT from $580 to $1,000 for the same reason. Citi, Morgan Stanley and Jefferies also marched. 4. Wolfe Research upgraded Broadcom from hold to buy mode. Analysts who issued a $400 price target said the chipmaker could double its AI revenue by 2027. “We can no longer ignore” the company’s growth in tensor processing units, the firm wrote. This is welcome news. This Club stock is left behind because there is no shortage. 5. Club name Honeywell gets a price target increase from Barclays. Analysts upgraded the industrial stock from $250 to $259 and maintained a buy rating. With the spin-off of Honeywell’s aerospace division just six months away, Barclays said investors will increasingly focus on the company’s valuation discount to the sum of the parts. Honeywell finished 2025 strong, as we reported yesterday. 6. There were several price target increases for Caterpillar after yesterday’s solid quarter. Strong generator sales for data centers were an important factor in this. Bank of America increased its Caterpillar PT from $708 to $735 with above-normal visibility into future years due to record accumulation. Analysts maintained their buy rating. 7. Goldman Sachs raised its price target on Gap to $32 from $29 and maintained its buy rating. Analysts are expecting strong holiday quarter results but a choppy start to the current quarter due to challenging weather conditions and questions about consumer confidence in the economy. 8. UBS increased its price target on Starbucks, Club, from $94 to $100. Analysts who maintained their ratings are bullish on the return of CEO Brian Niccol in the short term, judging from yesterday’s Investor Day and Wednesday evening’s earnings, but think more progress is needed to get more excited going forward. Don’t be impatient about Starbucks. 9. Deckers Outdoor shares are up more than 12% premarket after last night’s massive quarterly rally and expected full-year rally. Barclays raised its price target on the company behind the UGG and Hoka brands to $143 from $113, around where the stock will open this morning. They maintained their buy points. Goldman Sachs wasn’t so confident about Deckers’ return; He increased his PT from $81 to $92 but maintained his sales. 10. Citi sees recent sales on online used car platform Carvana as a buying opportunity. Shares tumbled 14% on Wednesday following a short-selling report claiming a related business had financially backed Carvana. The stock rose 4.7% yesterday as Wall Street expressed skepticism about the report. Citi analysts stated that they did not believe the claims and maintained their $550 price target. Sign up for free for my Top 10 Morning Thoughts on the Market email newsletter (See here for a complete list of stocks in Jim Cramer’s Charitable Trust.) When you subscribe 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 trading alert before buying or selling a stock in his charitable foundation’s portfolio. If Jim talked about a stock on CNBC TV, he would wait 72 hours after issuing the trading alert before executing the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, TOGETHER WITH THE DISCLAIMERS. NO CIVIL OBLIGATIONS OR DUTIES EXIST OR SHALL BE RESULTING FROM YOUR RECEIVING ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO SPECIFIC RESULT OR PROFIT CAN BE GUARANTEED.
