My top 10 things to watch Thursday, Feb. 20 1. Wall Street was heading for a lower open Thursday after the S & P 500 closed at another record. Following Wednesday’s strength, the Dow and Nasdaq finished less 1% off their all-time highs. It is Monthly Meeting Day for the Club. Kicking off at noon ET, I’ll give my thoughts on Club names Nvidia and Apple and look at what I’m calling the comeback kids. 2. KeyBanc raised its Nvidia price target to $190 per share from $180. The analysts said investors should not worry about issues with Blackwell. Baird also dismisses Blackwell concerns. But I’m not because we need to see more shipments of the next-generation chip platform from the gold-standard AI enabler. 3. Microsoft becomes the latest to announce an advance in quantum computing. The engineers said they created an all new state of matter. Quantum stocks got a boost as they did back in December when Alphabet’s Google touted its quantum chips. Alphabet and Microsoft are Club holdings. 4. Weighing on Dow and S & P futures Thursday was Walmart ‘s nearly 8% decline on disappointing guidance about future growth. The retailing giant did beat on holiday-quarter results. Walmart’s woes were dragging down the group including Target and Club name Costco . Club earnings Thursday evening: We hear from our newsest name Texas Roadhouse . 5. Alibaba blew the doors of estimates for quarterly results on cloud and e-commerce strength. Shares surged 10% and brought other Chinese retail names along for the ride including JD.com and PDD, formerly Pinduoduo. 6. Citi analysts boosted their Roku price target to $103 per share from $70. Kind of a catch-up call since Roku shares closed Wednesday at $92 each. I think this is all about finding new viewers. Where are they? Some are on mobile games, which is why Applovin has been so hot. 7. Palantir was under pressure Thursday morning after getting crushed Wednesday, amid news of CEO Alex Karp’s new share sale plan and a potential decline in defense spending. I question whether the latter is right. Why would Palantir be cut back? It is the answer to expensive Defense Department spending. I looked at Palantir and Applovin as well as eight other stocks that came public in recent years in my weekly column , which came out Monday due to the holiday. 8. Lam Research revealed at its analyst day much better than expected numbers even without $2 billion in China orders. Lots of price target hikes for the American semiconductor equipment maker followed. On Wednesday evening’s “Mad Money,” CEO Tim Archer told me he views technology as a solution to cost problems. 9. For Arista , is a decline in orders from Club name Meta Platforms an issue, and can they be made up by Oracle ? CEO Jayshree Ullal told me on “Mad Money” the decline is not an issue due to a one-time bulge order that was annualized. Plus, the Oracle business will be huge. 10. Carvana delivered a quarterly beat and strong guidance. However, the e-commerce auto sales platform said it makes a little less on each vehicle but can turn it on or off. Shares sank almost 9%. Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free (See here for a full list of the stocks at Jim Cramer’s Charitable Trust.) As a subscriber 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 trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
My top 10 things to watch Thursday, Feb. 20
1. Wall Street was heading for a lower open Thursday after the S&P 500 closed at another record. Following Wednesday’s strength, the Dow and Nasdaq finished less 1% off their all-time highs. It is Monthly Meeting Day for the Club. Kicking off at noon ET, I’ll give my thoughts on Club names Nvidia and Apple and look at what I’m calling the comeback kids.
2. KeyBanc raised its Nvidia price target to $190 per share from $180. The analysts said investors should not worry about issues with Blackwell. Baird also dismisses Blackwell concerns. But I’m not because we need to see more shipments of the next-generation chip platform from the gold-standard AI enabler.
3.Microsoft becomes the latest to announce an advance in quantum computing. The engineers said they created an all new state of matter. Quantum stocks got a boost as they did back in December when Alphabet’s Google touted its quantum chips. Alphabet and Microsoft are Club holdings.
