My top 10 things to watch Tuesday, Feb. 4 1. China announcing retaliatory trade tariffs against the U.S. pressured Wall Street ahead of Tuesday’s open. The Dow , the S & P 500 , and the Nasdaq closed way off their lows Monday after President Donald Trump’s levies on imports from Mexico and Canada were paused. In Monday’s moving target on tariffs, we looked at what these trade levies mean for 10 portfolio stocks . 2. Alphabet kicks off a busy week of earnings from Club names, reporting quarterly results after Tuesday’s close. We want to hear about its capital expenditure plans since Chinese start-up DeepSeek launched its lower-cost AI model earlier this month. We’re looking for the same from Amazon on Thursday evening as we gauge chip demand. 3. Palantir delivered an amazing quarter, taking business everywhere, especially the federal government. This company is at the forefront of AI. Its Rule of 40 — revenue growth plus margin growth above 40 — was a blowout at 81. The stock surged 25%. 4. Spotify reported a monster beat, with the highest fourth quarter ever for monthly active user additions. Second highest of any quarter. The music streaming service also posted a quarterly record for gross margins. Higher price tier coming. The stock jumped 8%. 5. While beating quarterly earnings and revenue estimates, Merck issued lower-than-expected 2025 guidance. The drugmaker temporarily paused shipments of its anti-HPV Gardasil vaccine into China to clear excess inventory. The stock dropped 8%. 6. Pfizer crushed estimates on earnings and revenue. The drugmaker said its Covid products beat expectations, and its broad cost-cutting is starting to pay off. The stock was up more than 1%. Club names Bristol-Myers and Eli Lilly report earnings before Thursday’s open. 7. Salesforce is cutting 1,000 jobs, reports Bloomberg , while at the same the Club name is adding people to sell its Agentforce offerings. 8. Mastercard : Bulletproof. Wells Fargo raised its price target on the stock to $625 per share from $585. The analysts cited strong currency-neutral revenue growth. 9. In an unusual move, Piper Sandler lowered its McDonald’s price target to $290 per share from $297. The fast food giant reports earnings next week. The analysts expect a U.S. shortfall. 10. PepsiCo reported quarterly earnings and revenue that were basically in line with expectations. However, the snack business is horrendous. Is that GLP-1 related? 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.
Tensions between the U.S. and China have escalated over the last few years.
Teh Eng Koon | AFP | Getty Images
My top 10 things to watch Tuesday, Feb. 4
1. China announcing retaliatory trade tariffs against the U.S. pressured Wall Street ahead of Tuesday’s open. The Dow, the S&P 500, and the Nasdaq closed way off their lows Monday after President Donald Trump’s levies on imports from Mexico and Canada were paused. In Monday’s moving target on tariffs, we looked at what these trade levies mean for 10 portfolio stocks.
2.Alphabet kicks off a busy week of earnings from Club names, reporting quarterly results after Tuesday’s close. We want to hear about its capital expenditure plans since Chinese start-up DeepSeek launched its lower-cost AI model earlier this month. We’re looking for the same from Amazon on Thursday evening as we gauge chip demand.
3.Palantir delivered an amazing quarter, taking business everywhere, especially the federal government. This company is at the forefront of AI. Its Rule of 40 — revenue growth plus margin growth above 40 — was a blowout at 81. The stock surged 25%.
