stocks
Jim Cramer's top 10 things to watch in the stock market Friday
Stocks look to rebound Friday after a turbulent, three-day slide.
TL;DR
- Stocks are looking at a higher open, aiming to rebound after recent losses.
- Amazon's substantial capital expenditure plan and profit forecast miss led to an 8% stock drop, despite solid cloud growth.
- Enterprise software stocks have been hit hard this week due to fears of AI replacing their functions.
- JPMorgan downgraded Linde to hold from buy due to pricing pressure concerns.
- The FDA will block Hims & Hers GLP-1 copycat drugs, causing the company's stock to sink and Novo Nordisk's to pop.
- Stellantis is undergoing a major restructuring, including pulling back on EV plans and reintroducing V8 engines, leading to a significant stock price drop.
- Goldman Sachs upgraded Vistra to hold, citing its recent pullback and deal with Meta Platforms.
- Bloom Energy shares soared after Wells Fargo raised its price target and noted strong earnings.
- Reddit's price target was cut by Piper Sandler, but shares rose on strong quarterly results and a buyback program.
- Bitcoin bounced off lows near $60,000, reflecting volatility in the market.