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

1. of S&P 500 and Nasdaq Stocks are set to rise for a fourth straight session on Friday after a Federal Reserve-backed inflation gauge showed inflation slowing in May. Heading into the final trading day of the second quarter, the S&P 500 is up 15% this year and the tech-heavy Nasdaq is up 19%. The lagging Dow is up just 3.8%.
2. The core PCE index rose 2.6% year-on-year in May, in line with Wall Street expectations and the smallest annual increase since March 2021. The inflation gauge rose 2.8% year-on-year in April.
3. The CME FedWatch tool still indicates that the market expects the Fed to deliver its first rate cut in September during its campaign to fight inflation. Expectations after the Fed’s June meeting were for one rate cut by the end of the year.
4. Nike It’s a disaster. What on earth is going on? The Dow Jones Industrial Average fell more than 15% after the company missed its quarterly earnings and predicted a bigger-than-expected 10% drop in sales for the current quarter. Nike cited weakness in China and a mismatch in global consumer trends as the reasons. Analysts lowered their target prices and stock ratings. Goldman Sachs, however, maintained its buy rating. Was the report worse than the club name? Starbucks‘ Quarter?
5. If you think Donald Trump is likely to return to the White House after President Joe Biden’s performance in Thursday night’s debate, I think a second Trump administration will be pro-union, anti-China, pro-energy, and anti-Mexico. I’m not pro-Trump, I’m not pro-Biden. I want to help people make money.
6. Wall Street has seen price targets slashed. Walgreens Boots AllianceThe drugstore chain on Thursday lowered its profit outlook amid a tough consumer environment. The Dow Jones Industrial Average fell another 1.5% after plunging 22% after the earnings report.
7. Barclays General Mills The company’s price target was raised to $67 per share from $72, but the rating was maintained at “hold.” Analysts pointed to weakening industry trends after the consumer and pet food company reported quarterly earnings after the close of trading on Wednesday. The company’s outlook was weaker than expected due to pricing pressures.
8. Susquehanna has started covering our new name. Next Tracker The rating is positive and the price target is $59 per share. We initiated a club position in this renewable energy company during our June monthly meeting on Thursday afternoon.
9. During the meeting, we also discussed how to use concepts from our hedge fund days to evaluate whether a stock is performing well or not, and we provided an update on all 33 stocks in the club’s portfolio, including some that we think are worth buying right now.
10. Oppenheimer is apple The company’s price target was raised to $250 from $200 and a buy recommendation was maintained. Analysts said the name Club will be a leader in consumer AI experiences. Meanwhile, Apple’s mixed reality headset, Vision Pro, has been launched in China, Japan and Singapore.

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