Jim Cramer’s top 10 things to watch in the stock market Friday
My top 10 things to watch on Friday, February 6 1. Stocks were eyeing a higher open after three sessions of sharp losses for the S&P 500 and Nasdaq due to a rotation of tech names. Nasdaq futures were in the green this morning despite heavy post-earning losses on Amazon. Both indexes were on track for their worst weeks since April 2025. 2. On Friday morning, Bitcoin bounced off last night’s lows and nearly saw the world’s largest cryptocurrency fall below $60,000. Volatility in technology stocks and precious metals, especially silver, has led to exchange-traded fund sales and forced liquidations. Bitcoin reached a record high of over $126,000 in October. 3. Is Amazon spending beyond its means? Or are you spending money to win the AI race? Low-cost computing manufacturer because it owns its chips. Amazon’s $200 billion capital spending plan for 2026, combined with a missed current-quarter profit forecast, caused Club shares to fall 8%. Otherwise, the final quarter of 2025 has been solid as cloud growth continues to accelerate again and exceed forecasts. 4. Barclays maintained its buy rating on KKR despite the private equity firm’s investment exposure in enterprise software companies. Enterprise software stocks have tumbled this week on fears that artificial intelligence will replace what companies do for companies to help them run their businesses. Club name Salesforce rebounded this morning but entered Friday’s session with a weekly loss of 10.5%. 5. JPMorgan downgraded industrial gas giant Linde to protect it from acquisition due to pricing pressure. Maybe helium prices may drop. Multiple will be restricted. Linde lagged on quarterly earnings and revenue, but softer guidance put mild pressure on Club shares this morning. We think the guide is conservative and open to being beaten and brought up. 6. The FDA said last night that it would block Hims & Hers GLP-1 knockoff drugs, citing safety risks. Hims & Hers tumbled nearly 9% a day after Novo Nordisk announced a knockoff of its weight-loss treatment Wegovy. Novo Nordisk shares, which lost value yesterday with the news about Hims & Hers, gained 7 percent this morning. GLP-1 rival and Club stock Eli Lilly collapsed yesterday and regained some of its losses this morning. 7. Stellantis took a massive $26 billion restructuring charge as part of a business overhaul that included withdrawing electric vehicle plans and reintroducing V8 engines to US models. The automaker is better off as a single company, CEO Antonio Filosa said Friday. Shares of Stellantis, which hosts many automobile brands such as Chrysler, Dodge and Ram, lost 24 percent this morning. 8. Goldman Sachs downgraded the price of power and power generation company Vistra from buy, citing the recent pullback in the stock and its high estimates of the rise. The firm added that the firm’s latest deal with Meta Platforms shows it “can secure large volumes of power purchase agreement contracts with a shorter ramp.” Shares rose more than 5 percent. 9. Wells Fargo raised Bloom Energy’s PT to $130 from $95, noting that fourth-quarter earnings results and backlog beat estimates. Shares rose more than 13% on the call. This data center power play is real. 10. Reddit’s price target was lowered on Piper Sandler from $290 to $205. The firm noted that the social media company had another strong quarter, including optimistic guidance for 2026 and a $1 billion share buyback program, but that the increase was smaller than expected. However, shares rose 7% on the results. 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 waits 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.
