Jim Cramer’s top 10 things to watch on Thursday’s stock market

1. Bitcoin soared above $47,000 on Wednesday after the Securities and Exchange Commission approved a rule change allowing the creation of a Bitcoin exchange-traded fund. Bitcoin is up about 8% on his WTD, its best weekly pace since December 8th. Will this move be bigger than what’s coming in? Or will there be more surprising moves to come because there’s so much demand?

2. KB Home The company reported higher-than-expected profits and revenue for the quarter. I thought it was okay, but there is also a downgrade. Seaport Research goes from buy to hold, saying KB’s capital will fund “growth mode” in fiscal 2024, rather than share buybacks. Shares fell 3% premarket.

3. sales force Baird upgraded the stock from hold to buy and raised its price target from $240 to $300. The research firm said CEO Marc Benioff had underestimated how much emphasis he placed on profit margins and noted that the stock’s current valuation is near historic lows.

Four. Hmm!brand Following a bizarre downgrade from Wells Fargo (from overweight to equal weight), he said his bullish thesis for 2023 is almost fulfilled. The company predicts that Yum’s traffic volume will decrease in 2024, price increases will be moderate, and there will be less room for upside. YUM stock fell 5% premarket.

Five. Susquehanna both downgraded plug power and sunpower Place your purchase on hold. The analyst called the rating change “overdue” and said it reflected a preference for new capital. It’s almost time.

6. american airlines Jefferies upgraded the stock from hold to buy due to improved aircraft utilization and modern fleet age, adding that the March 4 investor day is likely to highlight premium upside. Shares rose 1% premarket.Meanwhile, Wolf Research raises its price target delta airlines From $45 to $50.

7. chesapeake energy He said he would buy it on Thursday. southwestern energy The all-stock deal valued at $7.4 billion will make the company the number one natural gas producer in the United States.

8. Google The New York Times reports that the company has laid off hundreds of employees across its core engineering, Google Assistant product and hardware divisions. meanwhile, Amazon Hundreds of jobs will be cut at Prime Video, MGM Studios and Twitch. Morgan Stanley raised its price target on AMZN stock from $175 to $185. That’s a big ask, with Prime Video advertising starting later this month and retail profitability rapidly improving.

9. T-mobile Removed from Citi’s focus list. There is no particular reason for this, as it remains the best performer in terms of revenue, balance sheet, and earnings.

Ten. Bank of America likes the following argument: marvel technology and Nvidia They said they were “very positive” at the CES trade show in Las Vegas this week. Really? We have known this for a long time.

Sign up for my top 10 morning thoughts on the market free email newsletter

(look here (For a complete list of Jim Cramer’s Charitable Trust stocks, see here).

Subscribers to Jim Cramer’s CNBC Investing Club receive trade alerts before Jim Cramer makes a trade. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in a charitable trust’s portfolio. If Jim talks about a stock on CNBC TV, he will issue a trade alert and then he will wait 72 hours before executing the trade.

The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.