Jim Cramer’s top 10 things to watch in the stock market Thursday
My top 10 things to watch Thursday, Aug. 27 1. Operation Grand Slam is complete. Club stocks Nvidia , Salesforce and CrowdStrike all delivered strong reports last night, pushing up their shares this morning. In our analysis notes for members, we raised our price targets on all three . Futures are higher this morning, led by the Nasdaq, where the halo from Nvidia’s report on other tech stocks is being felt the most. 2. Nvidia is up 6% this morning. It was initially down when the numbers first hit the tape . Then CFO Colette Kress gave a remarkable revenue growth forecast for the company’s next fiscal year, and everything turned. Yet another reminder to listen to the calls. Nvidia’s orders are not just coming from the hyperscalers, and it’s not just a U.S. data center story, either. Still, Amazon is upping its orders. Demand is so strong and broad. Huge stock buyback could also be coming. 3. There are so many takeaways from my interview with Jensen Huang last night, but arguably the most important: You can make big profits now if you buy Nvidia hardware (and the software ecosystem supporting it), which is the real reason why there is such demand. Jensen also explained how software upgrades to older generations of Nvidia chips are why they hold their value for so long. Memory crunch is hurting margins, but I’m not nitpicking. 4. Salesforce quieted the doubters . Shares are up over 10%. Will this be t he death of the «SaaSpocalypse» once and for all? Marc Benioff’s Salesforce has the deterministic, proprietary data that companies need to unlock the full power of AI models. That’s what makes Salesforce’s partnership with Anthropic on a new «Claudeforce» product so exciting. Benioff’s promised second-half revenue acceleration will happen. The question right now is what’s the right multiple to pay for the stock? Dreamforce next month, too. 5. CrowdStrike is up 9% after turning in a monster quarter , and the catalysts aren’t done yet. Next week’s Fal.Con conference in Las Vegas will show that CrowdStrike can protect the agents and protect you from the agents. Anthropic’s powerful Mythos model, instead of being the worst thing that happened to cybersecurity vendors, turned out to be the best. CEO George Kurtz repeatedly said this would be the case, and he was right. 6. The AI tailwinds for cybersecurity aren’t just reserved for CrowdStrike. Okta is up over 18% after the provider of identity security reported a beat-and-raise quarter. Double-digit growth and expanding profitability. The tools that Okta provides can help protect against incidents like we saw with OpenAI’s rogue agent attacking Hugging Face. Like with Salesforce and Nvidia, new products are becoming material, and the large enterprise is really working. Bank of America upgraded Okta to neutral from sell. 7. Barclays upped its price target on Snowflake to $332 from $285 ahead of earnings next week. But they kept their neutral rating. It hasn’t been a great few months to be on the sidelines here. It’s been difficult to keep this stock down because Snowflake’s data analytics platform is so valuable in the AI era. Operating with a consumption model is a great way to get people to test it out, then stick around. 8. Best Buy is tumbling 8% despite reporting quarterly results above expectations and raising its full-year outlook for revenue, comparable store sales, and earnings. Looks like a strong way for CEO Corie Barry to go out, with Jason Bonfig set to take over on Nov. 1. While there’s been lots of concern about what memory costs would do to electronics sales, Best Buy called out strength in computing, as well as emerging categories like AI glasses and trading cards. Good sign for Club name Meta ‘s Ray-Bans? 9. Price targets are moving higher on Urban Outfitters after yesterday’s good, but not blowout quarter. Barclays went to $102 from $100 and reiterated its buy recommendation. Hold-rated Wells Fargo went to $80 from $75, though that new target is about $3 below yesterday’s close. All of UO’s brands saw positive comps: the Free People banner was up 10%, namesake Urban Outfitters rose 8.4%, and Anthropologie was up 3%, a welcome acceleration from last quarter. Momentum at subscription service Nuuly is getting attention too. 10. Multiple price target boosts for Williams-Sonoma after yesterday’s beat-and-raise. Evercore went to $245 from $240, but kept its hold rating. More bullish analysts at BofA raised to $263 from $261. The retailer, which also owns Pottery Barn and West Elm, has been a great performer this year, up 33%. CEO Laura Alber told me last night that the pleasant experience of shopping in its stores is critical to its success. They gave some tariff refunds back to vendors. Some went to special 401(k) contributions for eligible employees. 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.
Fuente:
Leer la noticia original
