Jim Cramer’s top 10 things to watch in the stock market Thursday
My top 10 things to watch Thursday, Feb. 6 1. Wall Street was looking at a mixed open. The Dow, the S & P 500, and the Nasdaq all put together back-to-back gains ahead of Thursday evening’s quarterly earnings report from Club name Amazon and Friday morning’s big government jobs report. 2. Club name Honeywell announced its expected split into three divisions — automation, aerospace and advanced materials — following activist investor pressure. However, guidance was light as always. But what else is new? The stock fell 3%. 3. Skyworks , a maker of chips for wireless devices, loses sole source Apple business to what many analysts believe is Club name Broadcom , which will now share it. Liam Griffin out as Skyworks CEO. Many analysts cut their price targets as Skyworks shares plunged more than 25% on all the news. 4. Broadcom on Thursday rose modestly on the Skyworks speculation, looking to extend its winning streak to three sessions. Club stock Nvidia was also working a three-day win streak as big tech companies continue to plan big AI investments. Both chipmakers are still below where they were before getting slammed by last week’s DeepSeek news. 5. Qualcomm , another semiconductor name, said it benefits from claims of a more efficient and lower-cost AI model from Chinese startup DeepSeek. So, no one is hurt by this business-wise? We know the stocks were hurt. 6. Arm Holdings delivered a very strong quarter but it did not guide up, so people are shooting it down. The chip designer stock dropped more than 4.5%. 7. Citi cut its Stanley Black & Decker price target to $118 per share from $135. The former Club name missed the quarter as we reported Wednesday. It’s much better to own Home Depot for exposure to what we expected to be a bounce back on housing without as much tariff risk. 8. Eli Lilly gave fiscal 2025 profit guidance that is in line with what analysts were expecting. Shares of the drugmaker rose 1% on mixed results that were consistent with its preannouncement in January. 9. Bristol-Myers Squibb posted beats on the top and bottom lines, but its full-year revenue guidance fell short of Wall Street’s expectations. Shares fell 6%. The Revlimid shortfall is known. If you didn’t know this you didn’t do the homework at JPMorgan’s health-care conference. I will tell Club members to buy it aggressively because we knew this shortfall was coming. You are getting a chance to buy this with schizophrenia drug Cobenfy coming on. 10. Ford giving you 15 cent special dividend, but make it clear that it is the biggest loser from the tariffs. Questions why the Japanese are immune from them. Sounds like it was making progress on warranties but still losing fortunes on electric cars. Ford did beat earnings estimates, but issues weak 2025 guidance, tanking shares more than 5%. 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.
Vimal Kapur, CEO of Honeywell speaks on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23, 2025.
Gerry Miller | CNBC
My top 10 things to watch Thursday, Feb. 6
1. Wall Street was looking at a mixed open. The Dow, the S&P 500, and the Nasdaq all put together back-to-back gains ahead of Thursday evening’s quarterly earnings report from Club name Amazon and Friday morning’s big government jobs report.
2. Club name Honeywell announced its expected split into three divisions — automation, aerospace and advanced materials — following activist investor pressure. However, guidance was light as always. But what else is new? The stock fell 3%.
3.Skyworks, a maker of chips for wireless devices, loses sole source Apple business to what many analysts believe is Club name Broadcom, which will now share it. Liam Griffin out as Skyworks CEO. Many analysts cut their price targets as Skyworks shares plunged more than 25% on all the news.
