Top 10 Things to Watch by Jim Cramer in the Stock Market on Thursday

Top 10 things to watch Thursday, May 18th

1. the dawthe Standard & Poor’s 500 and the Nasdaq Designed for bottom opening. Bond yields rise as the number of weekly jobless claims rises. Dallas Fed President says current economic data does not justify pausing interest rate hikes in June. Wall Street saw a rally on Wednesday after House Speaker Kevin McCarthy and President Joe Biden said the United States would not default. Debt talks continue at the employee level. Biden returned from his trip to Asia on Sunday.

2. Walmart (WMT) beats first-quarter earnings and revenue. Ad sales are nice. Very strong grocery. US same-store sales excluding fuel gains were well ahead of expectations. promotes orientation for a full year; Almost matches estimates. Q2 short look. Shares of Dow and Wal-Mart rose more than 1% on the issue.

3. Procter & Gamble (PG) was cut to keep it from buying into Truist, which also cuts its price target to $155 per share from $165. Analysts see the valuation at peak levels. The name of the club we talked about Wednesday at our monthly members meeting. He could have gone on more. Check out our quick meeting update on all 34 stocks in our portfolio.

4. Mizuho’s analysts join the chorus of people who think so Palo Alto Networks (PANW) will have a more volatile quarter due to the macro environment. The price target has been lowered to $220 per share from $235. still buy. We own him for the club and we want to get rid of him because if there are competitors Zscaler (ZS), CrowdStrike (CRWD) f Octa (OKTA) WAS GOOD PANW SHOULD BE GOOD WHEN OFFERED ON TUESDAY.

5. Oppenheimer increases nvidia (NVDA) Target price of $350 per share from $300. AI is having an iPhone moment. H100s, used to power AI, are worth more than gold or diamonds right now. You can’t manage a huge cloud without these cards. Nvida is scheduled to report its quarter on Wednesday after the bell.

6. Makes City Amazon (AMZN) Its Top Pick in E-commerce. Analysts also make a club mate name Meta platforms (META) is their top pick among companies working to innovate online advertising. As for the Meta on the video front in the form of video, I think TikTok is going to start to disappear. Montana has become the first of several US states to ban the Chinese-owned platform.

7. Alibaba (BABA) to spin off its cloud division as a separate, publicly traded company. The Chinese e-commerce giant’s quarterly revenue misses. The year got off to a lukewarm start, reflecting the slower recovery in China’s post-Covid economy that we’ve seen in many of our US companies that do business there.

8. Cisco systems (CSCO) you’re seeing a significant drop in orders, so whatever they’re focused on, even when they told you it was going to happen. Big beats on earnings and revenue. It doesn’t matter. We got out of Cisco 2 weeks ago.

9. Holding club TJX Companies (TJX) gets several price target boosts on Wall Street after a great quarter. Just great print. It shows that the no-price retailer behind TJ Maxx, Marshalls, and HomeGoods chains can deliver in a slowing economy. At Target (TGT), the discount retailer saw a price target of $183 per share from $186. Analysts didn’t like the gross margin.

10. Names of Deutsche Bank fedex (FDX) a short-term pre-quarter buy idea, due next month. I totally agree it would be great. I think this company is a very changeable company and one that can be bought solidly. Look to the upside until the upward call.

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