The Club’s top 10 things to watch in the stock market Friday
My top 10 things to watch Friday, Nov. 7 1. The stock market was trending toward a lower open this morning as the government shutdown and ongoing scrutiny of AI-related names continue to weigh on stocks. The S & P 500 and tech-heavy Nasdaq are both headed for weekly losses. 2. Club name Nvidia said it has no plans to sell its Blackwell AI chips in China. Sales to China haven’t been factored into Nvidia’s outlook or commentary for months, but investors always had some hope that something would happen. 3. Wells Fargo analysts said that Eli Lilly made a good deal with the U.S. government for both the near and long term after the White House announced its GLP-1 pricing agreement yesterday with the pharma company and rival Novo Nordisk. Both firms will slash prices of certain obesity drugs in exchange for some coverage in Medicare and Medicaid programs. This widens Lilly’s total addressable market for its blockbuster treatment Zepbound substantially. 4. Club holding GE Vernova was added to JPMorgan’s analyst focus List. The firm also put a positive catalyst watch on the stock ahead of the company’s investor update on Dec. 9. 5. Bank of America becomes Morgan Stanley’s top pick among large-cap banks following this week’s investor day. 6. Tesla CEO Elon Musk’s $1 trillion pay package was approved by shareholders yesterday. Musk’s ownership will increase from roughly 13% to 25%. The plan also gives one of the world’s richest men increased voting power in the EV maker. Additionally, Tesla showed off its humanoid robot Optimus at the company’s shareholder meeting. 7. UBS raised Club holding DuPont’s price target to $46 from $44 following quarterly earnings yesterday. KeyBanc bumped the stock up to $45 from $44. The company delivered better-than-expected revenue and earnings. Still, there were a lot of moving parts in the release because of the recent Qnity Electronics spin. 8. There are several price target cuts on Club name Texas Roadhouse after the casual steak chain raised its commodity inflation outlook alongside earnings last night due to higher beef prices. Some bulls stuck their necks out, though. Mizuho kept its buy rating, calling the company’s 2026 margin expectations “de-risked.” 9. Expedia shares surged more than 13% this morning after a much better-than-expected third quarter, highlighted by management raising the travel company’s full-year outlook. Meanwhile, Airbnb provided upbeat guidance of its own during its own quarterly release. Airbnb shares jumped more than 5%. 10. Take-Two Interactive delays the release of GTA 6 once again. The next iteration of the popular Grand Theft Auto videogame is now expected to come out six months later in November 2026. The stock was down around 5% this morning. Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free (See here for a full list of the stocks at Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
<
