Jim Cramer’s top 10 stocks to watch on Friday

1. U.S. job growth was stronger than expected, with payrolls increasing by 275,000 versus the expected 198,000, but the unemployment rate rose to 3.9%. The growth rate for the past two months has also been revised downward and was not as strong as originally reported. Wages remain flat.

2. costco All was well: The retailer reported strong quarterly results after Thursday’s closing bell, despite some negative sales and margin losses. Investors were hoping only for legendary and longtime CFO Rich Galanti to raise his dues before he retires next week. That elusive free increase catalyst will have to wait. Looking at the numbers alone, there was nothing to change our bullish view on the stock.

3. chip manufacturer broadcom It was under fire Thursday until management announced that it expects AI sales to account for 35% of total semiconductor sales in fiscal 2024, or more than $10 billion. Broadcom reported better-than-expected results but did not raise its guidance. The server and phone parts of the business are still not back. that’s ok. Investors are primarily focused on AI, and for good reason. Broadcom is seen as the biggest beneficiary of expanded AI adoption after the club’s holdings. Nvidia.

Four. turnaround in gap I saw it for myself during an interview with CEO Richard Dixon. The company’s stock price rose 8% after earnings beat Wall Street expectations by a wide margin. Old Navy is back to growth for the first time in more than a year. Fashion designer Zac Posen is also proactive. Barclays, Evercore ISI, TD Cowen, BofA, and Baird all raised their price targets.

Five. Beloved enterprise software Mongo DB Although the first quarter and full year forecasts were revised downward, the fourth quarter forecast was exceeded. But let’s see how important it is. Davidson upgraded MDB from hold to buy. Other research firms, including Barclays and Mizuho, ​​also lowered their price targets.

6. Eli Lilly Shares fell 1% earlier after the U.S. Food and Drug Administration delayed approval of the Alzheimer’s disease drug donanemab. Big surprise. The drug was expected to be approved this month. We anticipate that the situation will be difficult in this regard.

7. marvel technology Despite another impressive AI business, the stock fell 6% as the chip maker released a weak first-quarter earnings outlook. Still, Marvell is part of his optical connection to Nvidia, so it increases a lot of PT.remind me of cadence, arm holdingsand Advanced Micro DevicesThe latter is affectionately referred to as a mini-NVDA by Melius Research analyst Ben Reitzes.

8. Burlington stores It has received a lot of love from the streets, loss store As a discount retailer that people want to promote alongside dollar stores. Morgan Stanley, Loop Capital, BofA, and Baird raised their price targets.

9. docusign We’ve regained momentum and exceeded expectations, with a positive outlook for the first quarter. Efficiency and revenue acceleration. Did Hellman & Friedman and Bain miss this? The company may undergo further upgrades.

Ten. Wow: JPM upgrades General Electric to Hold from Buy. It is now the name of a premium large-cap stock in the aerospace industry. What a turn…

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