Jim Cramer's top 10 things to watch in the stock market Thursday

Published Thu, Apr 18 20249:14 AM EDT

My top 10 things to watch Thursday, April 18 The S & P 500 is, once again, trying to break its losing streak, looking higher going into the open. On four straight down sessions, the index was down 2% for the week, as of Wednesday's close. First quarter earnings season is ramping — and so far, the results have been mostly positive. Needham says cost cuts will lead to higher profits at Amazon . The analysts hike their earnings-per-share (EPS) full-year estimate. Club name Amazon reports its quarter on April 30. Micron Technology is about to get $6.1 billion in grants for the federal government's CHIPS Act. It's surprising people, which is odd because Micron is a largely U.S. builder and should be rewarded. Taiwan Semiconductor Manufacturing Company delivers a very strong quarter. It was initially viewed as positive but then it sold off. Was the EPS beat not enough? The Club's chipmakers are Nvidia and Broadcom . KeyBanc cuts CrowdStrike price target to $376 per share from $430. The analysts point to a survey that says demand may be softer. I do find this hard to believe. In cybersecurity, we own Palo Alto Networks . Piper Sandler raises Conocophillips price target to $157 per share from $145. The three most loved right now are Conoco, Chevron and Diamondback Energy for growth lovers. We like and own Coterra Energ y for the Club. Piper takes Chevron PT to $204 from $180. Two quarters ago, you couldn't give this stock away. Deutsche Bank downgrades Tesla to hold from buy on a thesis-changing pivot. The analysts say robotaxis are not the route to a higher stock price. They say their buy rating on the stock was based on a coming cheaper EV model. That's what the Chinese are doing. What a nightmare. Needham cuts Rivian Automotive price target to $13 per share from $18. The analysts say overall demand weaker and used sales not holding price either. However, they say there's good demand for used. Morgan Stanley double upgrades eBay rating to overweight from underweight (buy from sell) and hikes price target to $62 per share from $35. EBay is like PayPal , enjoying a renaissance. The analysts at Morgan Stanley also take Etsy to a sell-equivalent and cut PT to $55 from $64 on limited frequency growth. Citi hikes ServiceNow price target to $906 per share from $896. Larger deals and good beat and raise coming. Providing a positive second-half outlook. Bullpen name reports this coming Wednesday. 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.

My top 10 things to watch Thursday, April 18

The S&P 500 is, once again, trying to break its losing streak, looking higher going into the open. On four straight down sessions, the index was down 2% for the week, as of Wednesday's close. First quarter earnings season is ramping — and so far, the results have been mostly positive.
Needham says cost cuts will lead to higher profits at Amazon. The analysts hike their earnings-per-share (EPS) full-year estimate. Club name Amazon reports its quarter on April 30.
Micron Technology is about to get $6.1 billion in grants for the federal government's CHIPS Act. It's surprising people, which is odd because Micron is a largely U.S. builder and should be rewarded.
Taiwan Semiconductor Manufacturing Company delivers a very strong quarter. It was initially viewed as positive but then it sold off. Was the EPS beat not enough? The Club's chipmakers are Nvidia and Broadcom.
KeyBanc cuts CrowdStrike price target to $376 per share from $430. The analysts point to a survey that says demand may be softer. I do find this hard to believe. In cybersecurity, we own Palo Alto Networks.
Piper Sandler raises Conocophillips price target to $157 per share from $145. The three most loved right now are Conoco, Chevron and Diamondback Energy for growth lovers. We like and own Coterra Energy for the Club. Piper takes Chevron PT to $204 from $180. Two quarters ago, you couldn't give this stock away.
Deutsche Bank downgrades Tesla to hold from buy on a thesis-changing pivot. The analysts say robotaxis are not the route to a higher stock price. They say their buy rating on the stock was based on a coming cheaper EV model. That's what the Chinese are doing. What a nightmare.
Needham cuts Rivian Automotive price target to $13 per share from $18. The analysts say overall demand weaker and used sales not holding price either. However, they say there's good demand for used.
Morgan Stanley double upgrades eBay rating to overweight from underweight (buy from sell) and hikes price target to $62 per share from $35. EBay is like PayPal, enjoying a renaissance. The analysts at Morgan Stanley also take Etsy to a sell-equivalent and cut PT to $55 from $64 on limited frequency growth.
Citi hikes ServiceNow price target to $906 per share from $896. Larger deals and good beat and raise coming. Providing a positive second-half outlook. Bullpen name reports this coming Wednesday.

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(See here for a full list of the stocks at Jim Cramer's Charitable Trust.)

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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.