My top 10 things to watch Wednesday, April 22 1. Stocks are headed for a higher open following back-to-back losses for the S & P 500 and the Nasdaq . After yesterday’s close, President Donald Trump extended the Iran ceasefire. With the war in a holding pattern, investors are turning to solid numbers from Dow stock and Club name Boeing, which is soaring more than 3.5% this morning. 2. Boeing ‘s first-quarter numbers look really good. Top and bottom line beats, with record backlog levels across its commercial, defense, and services segments. While free cash flow was still negative in Q1, it was much improved from a year ago. Still expecting certifications for the 737 Max 7 and Max 10 this year. Positive steps for CEO Kelly Ortberg’s turnaround. 3. GE Vernova turned in a complete blowout first quarter and raised its guidance. The Club stock is jumping nearly 8% after the print. Natural gas turbines are basically sold out through 2028, thanks to the AI infrastructure buildout. The segment that sells transformers and other electrical grid equipment is also booming to support data centers, booking more orders in Q1 than all of last year. AI needs power, and GEV owns the power layer. 4. Capital One missed on earnings and revenue in a noisy quarter, which included hefty one-time Discover acquisition-related amortization and integration expenses. Barclays, however, raised its price target on the Club stock to $250 from $225, citing strong credit but worrisome spending. We cut our Club price target to $255 from $270 to reflect pressure on the credit card group. 5. Alphabet ‘s Google announced chips for AI training and inference in latest shot at Nvidia. Google said the changes will come with its eighth generation TPUs, making specialized chips for each task. BMO Capital said Alphabet is “one of the best ways to own AI.” The world is short compute, and Nvidia will still get its fair share. 6. Elon Musk’s SpaceX said it acquired the rights to buy AI coding assistant Cursor later this year for $60 billion, or “pay $10 billion for our work together.” Nvidia CEO Jensen Huang has called Cursor his favorite “enterprise AI service.” SpaceX owns both the rocket company and Musk’s xAI, which has the Grok chatbot. Fascinating move from Musk. 7. JPMorgan’s Apple earnings estimates are above the consensus of Wall Street analysts. In next week’s quarterly release, JPMorgan said Apple investors will focus on how the company is navigating the memory shortage and anything that can be further gleaned about John Ternus taking over as CEO for Tim Cook on Sept. 1. Apple is still “own it, don’t trade it.” 8. Morgan Stanley downgraded Zscaler to hold from buy, cutting the cybersecurity stock’s price target to $155 from $200. The analysts cited more competition in secure access service edge (SASE), which is basically a digital security badge. The note mentions Palo Alto Networks , which we own for the Club alongside our favorite cyber name, CrowdStrike . 9. Adobe announced a long-term $25 billion stock buyback. The authorization is due to run through April 2030. The stock, which is popping nearly 3% on the news, has struggled this year along with many other software shares on AI disruption concerns. Other software companies, including Club name Salesforce , are also buying back lots of their depressed stocks. 10. Wolfe Research analysts said they are undeterred by the Netflix engagement debate. The analysts argued that core engagement at Netflix is positive — and if things stay that way, the streamer will be able to continue to raise prices in the coming years. Wolfe also cited Netflix’s continued global expansion as a positive. 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.
Jim Cramer’s top 10 things to watch in the stock market Wednesday
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