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

Published Thu, Apr 11 20249:10 AM EDT

My top 10 things to watch Thursday, April 11 The government's second inflation report of the week was cooler. One day after Wednesday's hotter consumer price index sank stocks, the smaller-than-expected rise in the March producer price index reversed early weakness in the market to the upside. How could so many prognosticators be so wrong about consumer inflation, the economic data, the trajectory of Federal Reserve interest rates? Isn't that the real conundrum? That's why I said in my Sunday column that I'm trying to ignore all this rate talk and concentrate on earnings seasons, which kicks off in earnest this week. Club name Constellation Brands delivers beats on earnings and revenue for its fiscal 2024 fourth quarter. Issues better-than-expected full-year 2025 earnings per share guidance ex-Canopy. Fellow Club holding Wells Fargo is one of the first banks to report along with JPMorgan and Citigroup on Friday. Raymond James hikes Club name Nvidia price target to $1,100 per share from $850. Keeps strong buy rating. The analysts met with management of the AI chipmaker, saying they walked away with "incremental conviction on Gen AI demand, Blackwell GPU ramps, and the company's full-stack leadership." Amazon CEO Andy Jassy writes in his annual shareholder letter that he'll continue to look for ways to control costs even as the cloud and e-commerce giant increases investments in new growth areas like artificial intelligence. Morgan Stanley raises Microsoft price target to $520 per share from $465. The analysts cite the cloud and software company's leadership position in secular trends, including AI. Piper Sandler increases Club name Meta Platforms price target to $600 per share from $525. The analysts say their channel checks are positive and see upside to numbers. Club name Costco announces a nearly 14% quarterly dividend boost alongside solid March sales. Wells Fargo analysts called sales "pure GOLD," referring to the boost the retailer got from selling gold bars. Wells Fargo estimates sales of $200 million to $300 million of gold in March. It was online only, boosting e-commerce sales 28%. Stifel cuts Club holding Starbucks price target to $90 per share from $102. Keeps hold rating. The analysts think the coffee giant is seeing "some challenges with lower-income consumers." Mizuho raises Club name GE Healthcare price target to $110 per share from $96. The analysts are on bullish radiology numbers. 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 11

The government's second inflation report of the week was cooler. One day after Wednesday's hotter consumer price index sank stocks, the smaller-than-expected rise in the March producer price index reversed early weakness in the market to the upside.
How could so many prognosticators be so wrong about consumer inflation, the economic data, the trajectory of Federal Reserve interest rates? Isn't that the real conundrum? That's why I said in my Sunday column that I'm trying to ignore all this rate talk and concentrate on earnings seasons, which kicks off in earnest this week.
Club name Constellation Brands delivers beats on earnings and revenue for its fiscal 2024 fourth quarter. Issues better-than-expected full-year 2025 earnings per share guidance ex-Canopy. Fellow Club holding Wells Fargo is one of the first banks to report along with JPMorgan and Citigroup on Friday.
Raymond James hikes Club name Nvidia price target to $1,100 per share from $850. Keeps strong buy rating. The analysts met with management of the AI chipmaker, saying they walked away with "incremental conviction on Gen AI demand, Blackwell GPU ramps, and the company's full-stack leadership."
Amazon CEO Andy Jassy writes in his annual shareholder letter that he'll continue to look for ways to control costs even as the cloud and e-commerce giant increases investments in new growth areas like artificial intelligence.
Morgan Stanley raises Microsoft price target to $520 per share from $465. The analysts cite the cloud and software company's leadership position in secular trends, including AI.
Piper Sandler increases Club name Meta Platforms price target to $600 per share from $525. The analysts say their channel checks are positive and see upside to numbers.
Club name Costco announces a nearly 14% quarterly dividend boost alongside solid March sales. Wells Fargo analysts called sales "pure GOLD," referring to the boost the retailer got from selling gold bars. Wells Fargo estimates sales of $200 million to $300 million of gold in March. It was online only, boosting e-commerce sales 28%.
Stifel cuts Club holding Starbucks price target to $90 per share from $102. Keeps hold rating. The analysts think the coffee giant is seeing "some challenges with lower-income consumers."
Mizuho raises Club name GE Healthcare price target to $110 per share from $96. The analysts are on bullish radiology numbers.

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.)

What Investing Club members are reading right now

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.