Jim Cramer's top 10 things to watch in the stock market Thursday
Jim Cramer’s market watch highlights mixed stock futures, with Nasdaq pressured by post-earnings weakness at Sandisk and Western Digital. He notes price-target hikes for Eli Lilly, Shopify, Block, Duolingo, Expedia, and CVS Health, plus a guidance cut for Honeywell Aerospace after its June spin-off. SpaceX shares begin trading after IPO lock-up expiration.
How this was made
The 30-second read
Why it matters
The only clearly time-sensitive negative catalysts in the text are Honeywell Aerospace’s steep guidance cut and the storage names’ margin/revenue guide disappointments. Other items are primarily analyst target changes and narrative framing after already-reported quarters.
Market read
Traders should focus on near-term repricing risk from guidance quality (HON, SNDK, WDC, DUOL) while treating PT hikes (LLY, SHOP, EXPE, CVS) as sentiment support rather than fresh fundamentals.
What to watch
Lock-up expiration mechanics (SpaceX) and supply-chain-driven guidance cuts (Honeywell Aerospace) can dominate near-term price action more than the longer-term thesis discussed.
Background
This is a multi-stock “things to watch” market column summarizing pre-market moves and post-earnings outlook reactions across several sectors.
Ticker impact
Cramer flags Sandisk’s September-quarter gross margin guide as disappointing, despite durable AI-driven demand commentary.
Choppy to downside-biased trading until investors focus on margin trajectory and any follow-on revisions.
The article cites a specific guidance disappointment (gross margin guide) as the key incremental negative catalyst for the stock’s tape.
Western Digital’s revenue growth and margin expansion forecast trailed Seagate, per the article’s post-earnings outlook recap.
Potential continued underperformance versus peers until guidance catches up or new demand/margin evidence emerges.
The text highlights a concrete forecast shortfall versus Seagate, which is a direct read-through for WDC’s near-term earnings power.
Cramer notes multiple analyst price target hikes for Eli Lilly after another beat-and-raise quarter, highlighting retatrutide interest.
Supportive bias for the stock, though the article is more about analyst actions than new company disclosures.
The incremental item in the text is the cluster of PT hikes tied to the prior beat-and-raise, which can move sentiment but is not a fresh earnings print in this article.
Honeywell Aerospace’s first earnings report since its June spin-off is described as shockingly bad, with a steep full-year guidance cut.
Further downside risk and elevated volatility until credibility with the Street improves.
The article cites a specific, time-relevant event: a steep guidance cut tied to supply chain issues, with shares down over 15% premarket.
Cramer highlights bullish analyst target hikes for Shopify after a better-than-expected quarter and upbeat guidance, citing ChatGPT and Gemini discovery engines.
Likely continued upside bias while investors price in durable guidance and AI-driven engagement benefits.
The article provides a concrete catalyst (better-than-expected quarter and upbeat guidance) plus multiple PT hikes, though it is still a watchlist-style recap.
Duolingo is flagged for a UBS price target hike after earnings, but the third-quarter revenue guide missed estimates and the stock is down over 6%.
Range-bound to volatile trading as the market weighs profitability progress against the missed revenue guide.
The article explicitly pairs the PT hike with a specific guide miss, which is the key near-term driver for DUOL.
Expedia sees multiple price target bumps after a solid second-quarter beat and a full-year guidance raise, per the article.
Upside bias if investors continue to buy the raised full-year outlook.
The text cites concrete analyst actions tied to beat-and-raise fundamentals, but does not add new company-specific numbers beyond the recap.
UBS and Barclays raised price targets on CVS Health despite the stock falling 5% yesterday on earnings, with concerns about Caremark membership declines.
Choppy trading until membership trend clarity offsets the earnings disappointment.
The article’s incremental driver is the juxtaposition of PT hikes against a specific concern (Caremark membership declines) mentioned as the reason for the prior drop.
Market effects
AI-adjacent storage and software names (SNDK, WDC, SHOP, DUOL) are being traded on post-earnings outlook quality, especially margins and revenue guides.
US-focused equity sentiment, with Nasdaq weakness tied to storage post-earnings slides.
Oil and geopolitics backdrop (Strait of Hormuz traffic deal talk) is cited as mildly supportive for WTI, indirectly affecting risk appetite.
Counterpoint
Analyst price target hikes and “durable demand” narratives may be insufficient if margin and revenue guides are still deteriorating, so stocks could fade despite upgrades.
Key entities
- companySandisk
Guidance disappointment cited via gross margin guide for the September quarter.
- companyWestern Digital
Forecast for revenue growth and margin expansion described as trailing Seagate.
- companySpaceX
Lock-up expiration described as enabling nearly a billion new shares to trade today.
- companyEli Lilly
Analyst price target hikes after a beat-and-raise quarter, with retatrutide highlighted.
- companyHoneywell Aerospace
First earnings since June spin-off described as shockingly bad with steep full-year guidance cut.
