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The top 10 things to watch in the stock market according to Jim Cramer on Friday

My top 10 things to watch Friday May 3

  1. THE DowTHE S&P500 and the Nasdaq is expected to rise at Friday’s open, moving up a notch after data showing much weaker-than-expected job growth in April. Bond yields fall after report. Apple’s gains boost all three stock indexes. The Dow gets an extra boost from Amgen’s rise.
  2. The U.S. economy added 175,000 nonfarm jobs in April, according to the government’s monthly jobs report. Estimates predicted 240,000. The country’s unemployment rate reached 3.9%. Exceeded expectations. Average hourly wage up 0.2% compared to the previous month and 3.9% compared to a year ago. Both lower than expected.
  3. Apple: The surveys were wrong, once again. China was not bad; it was better. Quarterly service revenues were excellent. The best is Vision Pro: Apple will embrace business-to-business uses of the mixed reality headset. The AI ​​Phone is coming sooner than expected, so it could be the biggest refresh ever. We also secured a record buyout of $110 billion. It’s no wonder the stock is up 6%. The Club raised our Apple price target from $205 to $220 per share. That’s why I always say Apple is an “own it, don’t trade” stock.
  4. Amgen The experimental weight loss injection appears superior to Eli Lilly’s drug, but won’t be approved for a long time because it’s a different mechanism. The FDA will have to study it closely. The fact that it lasts longer will not be seen as positively as one might think. Dow Amgen stock jumps about 13%. Lilly shares fall more than 1%.
  5. Confusing quarter Cloud Flare and the stock sinks about 13%. As Quickly, it just seems like the demand for content delivery network (CDN) security isn’t as high as we thought. Could Akamai to take part ? Too much competition? Some price target drops on Cloudflare.
  6. DraftKings reports an exceptional quarter. The stock jumped 1.5%. The industry is becoming more streamlined and a player’s cost of living has decreased. DraftKings is now considered the benchmark for video games. Penn Entertainmentin agreement with Disney and ESPN, fell more than 8.5% on Thursday due to lowered forecasts.
  7. Reservations The quarter is much better than expected. Several price targets are rising on Wall Street. The online travel booking platform’s stock is up more than 3%. In my Sunday column, I thought Booking would be a winner because travel has been a special time because people always prioritize experiences.
  8. It’s a different story at rival Expedia. The stock fell 11% following lower-than-expected forecasts despite quarterly developments. The company says the Vrbo segment is weighing on its bottom line. Technical migration is not smooth. Really hurt results.
  9. Texas Truck Stops: Another restaurant that beats the numbers. The stock is up 1%. But nothing is as good as the Brinker company of Chilis and Maggiano, which has perfected the “all prices” dilemma.
  10. Actions of Block, formerly Square, jumped more than 9%. Several analysts’ price targets are increasing. Quarterly earnings and revenue beats. Increases in forecasts for the current quarter and full year.

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