Jim Cramer shares 10 things to watch in the stock market on Friday

1. Wall Street was expected to open higher on Friday after selling pressure late in the day, with Thursday’s declines being the most notable. DowThe club’s name was down 1.5%, threatening to end its five-week winning streak. NVIDIA The company was able to hold on to most of its gains after taking profits amid a market decline. S&P 500 and Nasdaq Stocks were volatile and relied on Friday’s trading to maintain a weeks-long winning streak.
2. Nvidia’s stunning rise in stock has not only rocketed the AI ​​chipmaker into a company with a market capitalization of $3 trillion, but it has also boosted founder and CEO Jensen Huang’s net worth from $3 billion to $90 billion over the past five years. CNBC calculated that Jensen’s net worth increased by more than $7 billion on Thursday alone.
3. Wells Fargo is DuPont We raised our rating to buy from hold. The stock should have risen further after news late Wednesday that the conglomerate intends to split into three publicly traded companies: electronics, water, and DuPont, which will focus on healthcare, advanced mobility, safety and manufacturing. We told our club members on Thursday to buy the investment club’s portfolio names here.
4. Wedbush is apple The price target was raised to $275 from $250. Analyst Dan Ives believes the integration of artificial intelligence, which Apple is expected to unveil at its annual Worldwide Developers Conference (WWDC) next month, will trigger a supercycle update for the iPhone 16. Meanwhile, Ming-Chi Kuo, a top Apple analyst at TF International Securities, said the club’s name is a “big deal” for the iPhone 16. teeth The company plans to release a full-screen foldable MacBook in 2026.
5. Deckers Outdoor Shares rose nearly 9% following quarterly results that far surpassed expectations. With the fourth quarter of fiscal 2024 now concluded, both UGG and Hoka reported full-year sales growth of 18% to a record $4.29 billion. Full-year net sales increased nearly 28% for Hoka and 16% for UGG. Hoka’s running shoes are NikeThere were multiple price target hikes on Wall Street.
6. Ross Stores Inc. had a strong quarterly result, but not as strong as club name TJX, which should be doing even better. Ross Stores shares rose nearly 7%. Earnings released Wednesday by TJX, which owns TJ Maxx, Marshalls and HomeGoods, showed the off-price retailer is appealing to bargain-hunting shoppers, and we raised our price target on the stock.
7. Negative things Intuit Following the strong quarter, Jefferies raised its price target on QuickBooks and TurboTax shares to $770 per share from $760. The stock fell 5.5%.
8. Working days Despite the strong quarter, the company was surprised by its cut in subscription guidance. Shares of the finance and HR cloud applications provider fell 11% as it blamed increased sales scrutiny and declining customer numbers. The increased scrutiny suggests the platform’s big success will take time.
9. Wells Fargo Wells Fargo has been quietly hiring as it seeks to grab a bigger share of the lucrative investment-banking business that has long been dominated by Wall Street rivals. Expanding its investment-banking business would improve the outlook for Club shares. Wells Fargo has long relied on consumer and corporate lending, but it also wants to expand its fee-based revenue streams.
10. U.S. crude oil prices fell to a three-month low on Friday and are on track for a weekly decline as the summer driving season kicks off with the Memorial Day holiday. CNBC has a great article on the background to the oil price movement. West Texas Intermediate Rude.

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