The Club’s 10 things to watch Friday, Aug. 8 — Today’s newsletter was written by Jeff Marks, director of portfolio analysis 1. The S & P 500 is pointing to a higher open this morning after a modest pullback yesterday, keeping the index on track for a positive week. The Dow, after a sharp reversal yesterday, also was on track for a positive open. 2. Several analysts defended Club name Eli Lilly after yesterday’s 14% plunge on disappointing data for its obesity pill. Morgan Stanley called it “overdone. JPMorgan said the pullback creates a “compelling entry point.” Goldman Sachs said the sell-off implies the pill is an impaired asset, which simply isn’t the case. We downgraded Lilly yesterday. Lilly shares were up about 1.7% in the premarket. 3. Shares of The Trade Desk sank 30% this morning. The digital advertising company beat analyst estimates on revenue and adjusted EBITDA, but guided for slowing revenue growth in the third quarter. Bank of America double downgraded shares to underperform, citing an uncertain trajectory from here and competitive pressures from Club name Amazon . 4. Texas Roadhouse posted strong second-quarter same-store sales growth and said the third quarter is off to a better-than-expected start. However, beef inflation is eating into profits, but that should not have been a surprise to anyone. We reiterated our hold-equivalent rating last night in our analysis for Club members. 5. Tesla is breaking up its Dojo supercomputer team, Bloomberg News reported, as leader Peter Bannon leaves the electric vehicle maker. As a result, the report said Tesla will increase its reliance on Club name Nvidia and peer AMD for computing power. 6. Shares of Expedia surged nearly 15% this morning after the travel company reported a strong second-quarter earnings beat and raised its full-year outlook for bookings, revenue and operating profitability. Ad sales helped helped drive the results. 7. Take-Two Interactive’s bookings exceed the high end of guidance. The video-game publisher reaffirmed that “Grand Theft Auto 6” is due out May 26, 2026. There were no updates on pricing for the long-awaited game, which is more than a decade in the making. Shares popped more than 4%. 8. Pinterest shares fell nearly 13% this morning after a mixed quarter. The digital pinboard’s revenue slightly beat expectations but earnings per share came up a few cents short. Global monthly active users were better than expected, but missed in the U.S. and Canada. 9. Melius Research increased its price target on Club name Apple price target to $260 a share from $240. The firm also raised its fiscal 2026 earnings per share estimates thanks to higher gross margins. Apple shares have climbed 8.4% over the past two sessions following its latest U.S. investment pledges . 10. Club stock Meta Platforms turned to PIMCO and Blue Owl Capital to lead a $29 billion financing deal to help fund its data center development. Meta’s aggressive investments into AI aren’t slowing down. 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.
10 things to watch in the stock market Friday including Eli Lilly defense and Tesla’s shakeup
