Jim Cramer’s Top 10 Things to Watch in the Stock Market Thursday

1. S&P 500 Index was poised to deepen its decline on Wednesday at the open. Bond yields, which had taken a break, rose again on Thursday after the Fed’s favorite inflation gauge moved closer to the central banks’ 2% target. The headline personal consumption expenditure price index rose 2.1% year-over-year in September, in line with estimates.

2. Weekly jobless claims totaled 216,000, which was less than expected. On Wednesday, ADP’s October outlook for US hiring was much stronger than expected. Traders are trying to figure out what this all means for the government’s monthly employment data on Friday.

3. Big tech earnings will continue to roll in after the closing bell on Thursday with the club names. Apple And Amazon paving the way. As for Apple, get ready for the most expected, worse than expected, controlled in-house project I’ve ever seen. Remember, we were told by Amazon that retail trading was weaker during the previous downside forecast, which sent the stock down to $161 per share back in August. Shares closed Wednesday at nearly $193.

4. Microsoft didn’t get any credit for an incredibly strong quarter with ridiculously conservative management. Shares fell 3%. We reiterated our “1” rating and $500 per share price target in Club comments Wednesday evening.

5. It was a blackout Meta platformswhich we detailed in Wednesday night’s earnings call. Club shares fell 1.5% despite a damn strong third quarter and better-than-expected revenue guidance for the current quarter. Meta detailed its commitment to spending money to make AI the number one it should be.

6. Club name Starbucks released quarterly results Wednesday evening that were in line with last week’s preliminary warning. The news comes from new CEO Brian Niccol’s comments on the company’s earnings call. Niccol’s overall message, which we wrote about: There will be a lot of changes, both big and small, to the menu, mobile app and stores that need to satisfy all parties involved.

7. Shares Nexttrackerwhich had been a heavy asset for the Club, jumped 15% following better-than-expected quarterly earnings and earnings and guidance upgrades on Wednesday night. We were pleasantly surprised and pleased that this was the best solar revenue we’ve seen this quarter. Both red and blue states support solar energy, so it shouldn’t be so political.

8. Etonwhich reported quarterly results ahead of Thursday’s open, beat earnings and slightly underperformed revenue. The Club’s shares were lower. As of Wednesday’s close, shares of the electrical components company were up 42% year to date, about double the S&P 500’s 2024 performance, as it builds data centers for artificial intelligence.

9. Club equipment LindaAs always, we went down to lower the company’s forecast. There’s nothing new here. That’s what the industrial gases giant did for the stock’s latest $200-per-share upside. On Thursday morning, third-quarter earnings per share were better, but revenue lagged slightly. Linde has underperformed the S&P 500 since the start of the year.

10. Comcast said Thursday it is exploring the possibility of splitting up its cable network business. Comcast shares rose more than 6.5% on the news, which came during the company’s post-earnings conference call. The third quarter beat earnings and revenue.

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