Jim Cramer’s top 10 things to watch in the stock market Friday
My top 10 things to watch for Friday, April 24 1. Stocks are headed for a higher open. Oil prices and bond yields are falling. A report from Reuters has raised hopes that peace talks between the United States and Iran will take place soon. President Donald Trump said yesterday that Israel and Lebanon agreed to extend the ceasefire. Technology stocks soared on Intel’s incredible earnings report last night. 2. Intel shares are up 25% this morning. The once-collapsed chipmaker continues to fire on all cylinders under Lip Bu Tan, who has been CEO for just 13 months. Intel has just released next year’s issue. As I shared on X this morning, Intel shares can still be purchased here; Advanced Micro Devices and our newest position, Arm, which has been a freight train this year, may do the same. 3. Arm benefits from Meta Platforms’ latest computing deal. Facebook and Instagram have signed a multi-year deal for thousands of Graviton chips from Amazon Web Services. Yep, you guessed it: Gravitons are Arm-based central processing units. CPUs are very popular lately for managing agency AI. Meta and Amazon are also Club names. 4. Procter & Gamble reported better-than-expected quarterly earnings and revenue. Volume increased for the first time in a year. Beauty has become the star that gained great momentum in organic growth. Maintenance was missed. Club shares were up more than 3% at press time. 5. Barclays lowered its Honeywell price target to $243 from $255 following yesterday’s earnings. Analysts said the aviation unit “has some work to do to win over the investment community.” Boy, don’t people like this company? We viewed this quarter as a disappointing development, but a sign that the industrial conglomerate will follow through on its disbandment plans. 6. Dover’s PT increased from $206 to $230 at Barclays. Analysts yesterday noted the company’s strong first-quarter results and called its 2026 earnings forecast “fairly conservative.” Before launch, I was unsure whether it still made sense to own this industry. This quarter eliminated those concerns. Dover is great company for the Club. 7. Jefferies raised its GE Vernova price target to $1,350 from $965. Analysts said forecasts were “still too low” given the acceleration in gas and electrification orders. Earlier this week we increased our Club PT to $1,300 after a monster quarter. Best in show for the portfolio. 8. Caterpillar got a big price target increase on Wells Fargo from $870 to $960. Analysts have noted the power and energy associated with the AI data center boom. It’s time to take a closer look at the energy side of the heavy equipment giant. Shares of Caterpillar are up 45% year to date. 9. JPMorgan raised its price target for the portfolio that includes Starbucks from $95 to $100. Analysts adjusted targets for the restaurants and foodservice distribution group ahead of earnings. Cava, Restaurant Brands (Burger King and Tim Hortons), and Shake Shack also saw increases to their price targets. 10. Wedbush began acquiring Oracle as an acquisition. Analysts said the company is on track to become a “key infrastructure provider for the AI revolution.” Still, it’s been a tough 2026 for the stock. Wedbush said the market “fundamentally misinterpreted Oracle’s aggressive, contractual investment cycle as speculative risk.” 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.
