My top 10 things to watch Friday, Jan. 10 1. Stock futures moved lower after the December jobs report came in much hotter than expected. The Dow was down more than 300 points, and the yield on the 10-year Treasury note jumped to around 4.78%, its highest level in over a year. The U.S. economy added 256,000 jobs last month versus expectations of 155,000. The unemployment rate fell to 4.1%. 2. Advanced Micro Devices was downgraded by Goldman Sachs. Once again, no sense that the chip designer is catching up to longtime Club name Nvidia in the artificial intelligence market. That’s why we exited our position in AMD late last year. 3. Taiwan Semiconductor Manufacturing Co. reported record quarterly sales that were well ahead of expectations, rising 34% year over year on the back of strong AI demand. Good news for TSMC customers Nvidia and fellow Club stock Apple . 4. Citigroup upgraded McDonald’s to a buy from neutral and upped its price target on shares to $334 each from $311. Analysts expect the fast-food giant to lean back into “its scale advantages” and use nationwide advertising to help win back lost customers who were turned away by higher prices. This is a stock that analysts can never stay away from. 5. Two more notable restaurant calls from Citi: Analysts upgraded salad chain Sweetgreen , citing financial benefits from its automation technology known as Infinite Kitchen. They downgraded Taco Bell and KFC owner Yum Brands , though, over the lingering risks of store closures around the world. 6. RBC Capital upgraded both KB Home and Lennar to hold-equivalent ratings from underperform, saying the homebuilders’ shares are more attractively valued after their gigantic declines. The stocks have been crushed since Sept. 19, as mortgage rates started to move higher despite the Fed commencing its cutting cycle. 7. Piper Sandler upgraded Nike to a buy-equivalent overweight rating from neutral, admitting the call may be early. Analysts like new CEO Elliott Hill’s renewed sense of mission in turning Nike around. I’m not sure anymore with the emergence of On Holding and Deckers Outdoor -owned Hoka and the rise of New Balance and Adidas . 8. Oil traded at its highest level since early October on Friday morning. Expectations of stronger demand from China and potential supply disruptions due to Western sanction are among the drivers of the move. I’d consider buying more of Club oil-and-gas producer Coterra Energy , which has found some momentum. 9. Delta Air Lines shares are surging on earnings and a strong 2025 outlook. This may become the best financial year in the company’s history, CEO Ed Bastian told CNBC . Is the industry secular or cyclical? Can’t even tell anymore. We’re in an experience economy. Partnerships matter. Delta also is launching an AI-powered concierge feature in its app. 10. Nuclear power plant operator Constellation Energy announced a deal to buy privately held power producer Calpine in a nearly $27 billion deal. Cash-and-stock transaction. This is part of the mounting M & A wave, and it’s why we recently started a position in Goldman Sachs for the Club. 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.
Pedestrians walk past a “hiring now” sign posted outside Wegmans in New York City.
Adam Jeffery | CNBC
My top 10 things to watch Friday, Jan. 10
