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Prosper planet pulse
Home»Stock Market»Jim Cramer’s top 10 stocks to watch on Friday
Stock Market

Jim Cramer’s top 10 stocks to watch on Friday

prosperplanetpulse.comBy prosperplanetpulse.comMay 10, 2024No Comments7 Mins Read0 Views
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My Top 10 Things to Watch for Friday, May 10th Wall Street is gearing up for another Friday rally. If the pre-market movement holds through the session, the Dow will record an eight-day winning streak. In a relatively quiet week of economic data, all three major indexes rose more than 1%, led by a 1.8% rise in the Dow Jones Industrial Average. As of Thursday’s close, the S&P 500 was less than 1% below its March 28 high. Public utilities have been doing well recently. The construction of AI data centers and the need for electric power generation from EVs are igniting this long-dormant field. Case in point: Constellation Energy stock added nearly 4% on Thursday. Solid quarter. Mizuho raised the price from $132 to $217 per share. The catch-up is certain: $217 is close to current levels. Maintain a neutral rating. Novavax has signed an agreement with French pharmaceutical company Sanofi to jointly commercialize the company’s coronavirus vaccine starting next year. The stock price of Novavax, which has fallen into financial trouble, has more than doubled. The license agreement allows Novavax to lift the “continued concern” warning. Chinese EV maker G’Car Intelligent Technology’s 21 million shares were priced at $21 a share, at the top of the expected range. Zeekr is scheduled to begin trading on the New York Stock Exchange on Friday. Hong Kong-based Geely Automobile owns 50%. Zeekr is the latest Chinese EV maker to enter the U.S. public market. Sweetgreen’s stock price soared more than 20% after the company reported first-quarter results that showed better-than-expected same-store sales and restaurant profit margins. The company’s stock has received multiple price target increases from analysts including Piper Sandler. Overall a great quarter for the salad chain. KeyBanc upgrades Warner Bros. Discovery to purchase from hold. This is clearly an outlier considering the company missed the quarter but saw streaming growth. The club has announced a streaming bundle that comes with the name Disney. WBD stock is rising after Thursday’s 3% rise. Akamai explodes. Weak quarter and weak guidance. This is his third content delivery network to do this. The stock price fell 9%. There is a lot of rationalization going on among customers. But the cybersecurity part is good and growing rapidly. Several Wall Street analysts, including BTIG and JPMorgan, lowered their price targets for Roblox after the video game platform lowered its full-year booking outlook, which surprised me, with the stock trading at 2.22 on Thursday. % fell. The decline prompted analysts at MoffettNathanson to upgrade the stock from sell to hold. Tapestry’s third-quarter profit beat Wall Street expectations. However, the company lowered its full-year earnings forecast. The Coach and Kate Spade brand owners cited “more moderate trends” in North America and China. Stifel downgraded its once-beloved, now-hated Planet Fitness acquisition to hold up. Analysts have questioned the volatility of the company’s earnings. Sign up for free for my Top 10 Morning Thoughts on the Markets email newsletter (See here for a complete list of Jim Cramer Charitable Trust stocks.) Jim Cramer’s CNBC Investments As a club subscriber, you can receive trade alerts. Before Jim trades. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in a charitable trust’s portfolio. If Jim talks about a stock on his CNBC TV, he will wait 72 hours before executing the trade after issuing a trade alert. The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.

Top 10 things to watch on Friday, May 10th

  1. Wall Street is poised to trade even higher on Friday. If the pre-market movement is maintained throughout the session, Dow This marks their 8th consecutive day of wins. In a relatively quiet week of economic data, all three major indexes rose more than 1%, led by a 1.8% rise in the Dow Jones Industrial Average. As of Thursday’s close, the S&P 500 was less than 1% below its March 28 high.
  2. Public utilities have been doing well recently. The construction of AI data centers and the need for electric power generation from EVs are igniting this long-dormant field. Case in point, constellation energy The stock adds to Thursday’s nearly 4% rise. Solid quarter. Mizuho raised the price from $132 to $217 per share. The catch-up is certain: $217 is close to current levels. Maintain a neutral rating.
  3. Novavax has signed an agreement with French pharmaceutical company Sanofi to jointly commercialize the company’s coronavirus vaccine starting next year. The stock price of Novavax, which has fallen into financial trouble, has more than doubled. The license agreement allows Novavax to lift the “continued concern” warning.
  4. Chinese EV manufacturer Zeekr Intelligent Technology The 21 million shares were priced at $21 per share, the high end of the expected range. Zeekr is scheduled to begin trading on the New York Stock Exchange on Friday. Hong Kong-based Geely Automobile owns 50%. Zeekr is the latest Chinese EV maker to enter the U.S. public market.
  5. shares of sweet green Sales soared more than 20% after the company’s first-quarter results showed better-than-expected same-store sales and restaurant profit margins. The company’s stock has received multiple price target increases from analysts including Piper Sandler. Overall a great quarter for the salad chain.
  6. KeyBanc upgrade warner bros discovery Buy from Hold. This is clearly an outlier considering the company missed the quarter but saw streaming growth. Club announces streaming bundle named after him disney. WBD stock is rising after Thursday’s 3% rise.
  7. Akamai It will explode. Weak quarter and weak guidance. This is his third content delivery network to do this. The stock price fell 9%. There is a lot of rationalization going on among customers. But the cybersecurity part is good and growing rapidly.
  8. Several Wall Street analysts, including BTIG and JPMorgan, lower their price targets. roblox I was surprised by this after the video game platform lowered its full-year booking outlook, sending the stock down 22% on Thursday. The decline prompted analysts at MoffettNathanson to upgrade the stock from sell to hold.
  9. tapestry‘s fiscal third-quarter profit beat Wall Street expectations. However, the company lowered its full-year earnings forecast. The Coach and Kate Spade brand owners cited “more moderate trends” in North America and China.
  10. Stifel downgrades once-loved, now-hated product to hold off on purchases planet fitness. Analysts have questioned the volatility of the company’s earnings.

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(look here (For a complete list of Jim Cramer’s Charitable Trust stocks, see here).

What Investing Club members are reading now

Subscribers to Jim Cramer’s CNBC Investing Club receive trade alerts before Jim Cramer makes a trade. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in a charitable trust’s portfolio. If Jim talks about a stock on CNBC TV, he will issue a trade alert and then he will wait 72 hours before executing the trade.

The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.



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