Top 10 stocks to monitor on Friday, according to Jim Cramer
My top 10 things to watch Friday, Oct. 18
Netflix shares are helping Wall Street achieve a mixed open, while the stock market is down slightly after closing Thursday at a record high. The stock, which reached an intraday high Thursday before finishing lower, is expected to make modest gains to end the week.
The company wants you to understand that you only need a bundle if you are threatened by traditional media's eclipse.
The sales of Apple's new iPhone 16 in China have increased by 20% in the first three weeks of launch compared to the previous year's model, according to Counterpoint Research data. This contradicts the expectations of some analysts who predicted a decline in consumer demand due to China's sluggish economy. Despite the challenges, it seems that Apple is still able to maintain its popularity in the Chinese market.
KeyBanc increased its price target on Club holding to $435 a share from $400, indicating a potential 16% increase from Thursday's closing price. The analysts attributed this change to improved performance in the quarter and a more optimistic outlook on IT budgets for the next five years. Additionally, earlier this week, we invested in a second cybersecurity provider.
5. David Joyce has replaced Karen Lynch as CEO of CVS Caremark. Can he make a difference? Shares fell nearly 10% Friday, and the company announced a big earnings shortfall for the third quarter.
Despite weaker-than-expected topline sales numbers, the company's earnings per share of $1.93 beat estimates by three cents. Organic sales growth was up 2%. Organic volume was up 1%. We exited our position in P&G earlier this month, believing the stock was no longer right for this market.
JMP Securities raised its price target on Oracle from $175 to $205 per share, indicating a potential 17% increase from Thursday's closing price. Oracle's AI computing infrastructure is highly anticipated by analysts, who believe the company will continue to expand its data centers. Industrial Club names such as and could benefit from this capacity buildout.
8. Piper Sandler lowered its PT on Microsoft from $480 to $470 ahead of earnings later this month. Analysts cautioned that the tech giant's new reporting structure could result in "optical headwinds" because estimates haven't fully captured the changes. For its part, KeyBanc lifted its PT to $505 from $490, citing strong IT spending overall. We own Microsoft for the Club. I have questions about its Copilot offering.
The National Highway Traffic Safety Administration is investigating the safety of its "Full Self-Driving (Supervised)" advanced driver assistance system in reduced visibility conditions, following reports of four collisions, including one fatal, that occurred within 30 seconds of the crash while the system was being used.
Despite an earnings beat, shares were lower. Although sales were slightly light, consumers are paying more for cards. Spending increased by 6% in the quarter, with 3.3 million cardholders added. Provisions for credit losses rose to $1.4 billion from $1.2 billion a year ago.
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