Jim Cramer's top 10 things to watch in the stock market Thursday

CNBC Finance

4 min read

My top 10 things to watch Thursday, Jan. 22 1. The S & P 500 advanced early Thursday as Wall Street cheered signs of easing geopolitical tensions. President Donald Trump announced yesterday that the U.S. has reached a "framework" of a deal on Greenland and would no longer pursue new tariffs on European countries.Â Meanwhile, traders are awaiting key economic data later this morning with the release of the personal consumption expenditures price index, the Federal Reserve's closely watched inflation gauge. 2. GE Aerospace posted an incredibly robust fourth quarter: Adjusted earnings per share of $1.57, exceeding analyst estimates of $1.43, on sales of $11.87 billion, well above the expectation of $11.2 billion. The company projects adjusted EPS of $7.10 to $7.40; the current FactSet analyst consensus is $7.14. Both commercial and defense units are strong. Best ever? Supply chain issues behind it, it's easy to find workers. 3. Procter & Gamble shares are down more than 1% after the consumer packaged goods company reported a revenue miss, but we expected it . Management warned investors in December that sales dropped sharply in October and November. Revenue of $22.21 billion fell short of the $22.28 billion expected. But earnings of $1.88 per share topped the consensus estimate of $1.86 a share. Let's see whether the stock stays down and what management, including new CEO Shailesh Jejurikar, has to say during the investor call. We'll send a full analysis of the quarter to members later today. 4. Intel reports quarterly earnings this evening. Demand is soaring, and the foundry story may be ready to be told. We'll get more signs if they're losing market share to Advanced Micro Devices , which has become a pretty much "must own" stock. We don't own it, and it's one of our biggest regrets. 5. You can't stop the memory chipmaker/semi cap equipment complex of Micron , Western Digital , Sandisk , Seagate , Lam Research , KLA , and Applied Materials . Broke from the orbit of China. They control their own destiny. If you want to buy, wait for a dip and make it small â a quarter position and no more. 6. Wells Fargo raised its price target on Chipotle to $50 from $45 and maintained a buy rating on the stock. Analysts see casual dining outperforming, with innovation driving quick-service restaurants. People are really itching to buy this one. For restaurant stocks, the Club owns Texas Roadhouse. 7. A lot of positive calls on Johnson & Johnson after its great quarter yesterday. Citi raised the drug stock's price target to $250 from $232. The firm, which maintained its buy rating, said Johnson & Johnson has "beat and raise" potential in fiscal year 2026. Stifel also bumped up its PT to $220 from $205 and maintained a hold rating. We own drugmaking rival Eli Lilly . 8. Citi cut ServiceNow 's price target to $235 from $250.6, but kept the tech stock at a buy rating. It's still a brutal call. This whole enterprise software group â including Club name Salesforce â can't catch a break on AI-driven disruption risks. The company reports quarterly earnings on Jan. 28. 9. Club holding Alphabet was upgraded to a strong buy from an outperform rating at Raymond James. Analysts, who also bumped up their PT to $400 from $315, cited the Google parent's improving artificial intelligence stack. 10. UBS raised its price target on Charles Schwab to $125 from $123, and reiterated a buy rating on shares. Although the firm reported a "mixed" quarter yesterday, UBS says attention is now turning to management's better-than-expected 2026 guidance. Remember when Charles Schwab was snagged by flows of funds and a balance sheet that was wrongly positioned? 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.

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Jim Cramer's top 10 things to watch in the stock market Thursday

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