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

Published Fri, Apr 5 20249:14 AM EDT

My top 10 things to watch Friday, April 5 Wall Street's early gains Friday moderated after a hot jobs growth number and in-line wage inflation. Bond yields rise as an already iffy Federal Reserve interest rate cut in June, appropriately, looks less likely. The U.S. economy created 303,000 nonfarm jobs in March. Much higher than the 200,000 forecasts. Average hourly earnings were up 4.1% year over year. Good combination, signaling a strong economy and OK inflation. The jobless rate dipped to 3.8%, as expected. 62.7% participation rate. Where is the oil supply? Where did the surplus go? U.S. crude prices push $87 per barrel and Brent , the international standard, top $90 on increasing concerns about wars in Ukraine and the Mideast curtailing supply. Barclays joins everyone else in raising the refiners and MLPs. No value added at this point. Mizuho's Amazon Web Services customer survey signals a tipping point for cloud migration. Good news for Club name Amazon . Alphabet may be buying HubSpot. Does the Google parent have any idea what the heck it is doing? Canaccord raises price target on HubSpot , a competitor of Club name Salesforce . Pivotal price target raises on both Netflix and Spotify as subscription revenue streams are loved. Roku price target cut at Morgan Stanley. Sell. There is little underpinning for this one. RBC raises Eaton stock rating to buy from hold. Johnson & Johnson buys Shockwave for $335 per share in cash, or $12.5 billion. Shockwave is a medtech firm that makes cardiovascular intervention devices. 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 Friday, April 5

Wall Street's early gains Friday moderated after a hot jobs growth number and in-line wage inflation. Bond yields rise as an already iffy Federal Reserve interest rate cut in June, appropriately, looks less likely.
The U.S. economy created 303,000 nonfarm jobs in March. Much higher than the 200,000 forecasts. Average hourly earnings were up 4.1% year over year. Good combination, signaling a strong economy and OK inflation. The jobless rate dipped to 3.8%, as expected. 62.7% participation rate.
Where is the oil supply? Where did the surplus go? U.S. crude prices push $87 per barrel and Brent, the international standard, top $90 on increasing concerns about wars in Ukraine and the Mideast curtailing supply.
Barclays joins everyone else in raising the refiners and MLPs. No value added at this point.
Mizuho's Amazon Web Services customer survey signals a tipping point for cloud migration. Good news for Club name Amazon.
Alphabet may be buying HubSpot. Does the Google parent have any idea what the heck it is doing? Canaccord raises price target on HubSpot, a competitor of Club name Salesforce.
Pivotal price target raises on both Netflix and Spotify as subscription revenue streams are loved.
Roku price target cut at Morgan Stanley. Sell. There is little underpinning for this one.
RBC raises Eaton stock rating to buy from hold.
Johnson & Johnson buys Shockwave for $335 per share in cash, or $12.5 billion. Shockwave is a medtech firm that makes cardiovascular intervention devices.

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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.