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

1. Stocks fell across the board following the better-than-expected May jobs report. The data sent bond yields soaring, pressuring stocks. Wall Street had been watching the announcement all week for clues about when the Federal Reserve might lower interest rates. The market reaction suggests the case for a rate cut has weakened.
2. Nonfarm payrolls rose by 272,000 in May, well above the 190,000 Dow Jones expected and accelerating from an increase of 165,000 in April. The unemployment rate rose to 4% in May. Average hourly earnings also rose above expectations, increasing 0.4% from the previous month and at an annual rate of 4.1%.
3. GameStop Shares reversed course early Friday, dropping 20% ​​after the meme stock reported weak quarterly sales. The struggling video game retailer also announced it would sell 75 million shares ahead of Roaring Kitty trader Keith Gill’s live stream on Friday.
4. Chub Given the size of Warren Buffett’s holding, the stock is grossly undervalued at 12 times earnings. On the business side, Chubb CEO Evan Greenberg said on “Mad Money” that climate change is one factor driving up insurance premiums.
5. Bank of America Doubles Upgrade lift Following the company’s investor day, shares were upgraded to buy from underperform, which is equivalent to sell. Analysts at Bank of America raised their price target to $20 a share from $15. Lyft is on track to be profitable much sooner than expected. CEO David Risher told the story of an extraordinary turnaround on “Mad Money.”
6. Oppenheimer made a name for himself as a club Microsoft The price target for Microsoft was raised to $500 from $450 and the outperform rating was maintained with a buy recommendation. The analysts said the partnership with OpenAI gives Microsoft access to the best artificial intelligence models.
7. As Apple prepares to show the world next week how AI will be integrated into the iPhone, billions of dollars are on the line — and it’s all about Siri.
8. Mizuho is Adobe The price target was raised to $650 per share from $680, but the buy recommendation was maintained. Sentiment is excessively negative. Stifel raised the price target to $600 from $625, but the buy recommendation was maintained. Stifel analysts were concerned about competition from Canva and Figma.
9. J.M. Smucker Many analysts raised their price targets above the current trading price: Citi to $139 from $137; JPMorgan to $122 from $120. Analysts were encouraged by the strong results, and Thursday’s 4.5% gain showed the stock’s ability to beat even low expectations, even as the market was expecting a weaker-than-expected performance.
10. Goldman Sachs is Dollar Tree The price target was raised to $145 per share from $152. Quarterly sales and forecasts were weak and disappointing. Dollar Stores have proven too expensive compared to Walmart, which has cut prices on 7,000 items compared to last year. Dollar Tree is also considering selling its Family Dollar chain.

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