economy
Jim Cramer's top 10 things to watch in the stock market Friday
The July jobs was a big miss, and shares of Atlassian are rising after a strong quarter.
TL;DR
- Nonfarm payrolls fell by 23,000 in July, significantly missing projections and causing futures to rise.
- The unemployment rate decreased to 4.1%.
- Meta Platforms was ordered to pay $567 million in a New Mexico public nuisance case and plans to appeal.
- Atlassian's stock surged over 30% after reporting a strong quarter, defying expectations about AI's impact.
- Cloudflare's stock rose 15% premarket on strong earnings and guidance, benefiting from its role in protecting against AI crawlers.
- Airbnb shares increased more than 7% premarket after exceeding earnings and sales expectations.
- Sweetgreen's stock dropped 13% premarket after the company lowered its full-year outlook.
- Stellantis, the owner of Jeep and Dodge, was downgraded to 'sell' by Bernstein.
- Papa John's was downgraded due to weak results, a lowered profit guide, and the suspension of its dividend.
- Wells Fargo downgraded Gap Inc. to 'hold' citing concerns about Old Navy.
- Constellation Brands CEO Nick Fink discussed plans to revitalize the company, highlighting non-alcoholic Corona and Pacifico.