My top 10 things to watch Wednesday, Nov. 20 1. Target is the disaster du jour. The stock sank more than 15% after the retailer missed on quarterly earnings and revenue and cut guidance. Discretionary spending is just not that. Consumers are being choosy. There’s some hope on the horizon: Still has $9.4 billion on stock buyback authorization and Taylor Swift Black Friday exclusives coming up. 2. Club stock TJX Companies dropped nearly 3% on Wednesday after the off-price retailer issued fiscal fourth-quarter earnings guidance below estimates. The company behind T.J. Maxx, Marshalls, and HomeGoods did report better than expected third-quarter earnings and revenue. We’ll dig into the numbers during our Morning Meeting livestream at 10:20 a.m. ET for Club members. 3. Analysts at many Wall Street research firms raised their price targets on Walmart . Unlike Target, Walmart beat on quarterly results and raised its outlook. The Dow stock was modestly lower Wednesday, one day after its 3% post-earnings jump. Are shoppers only spending their money at Walmart and Club names Amazon and Costco ? 4. The biggest test for the market comes after Wednesday’s closing bell. That’s when Club name Nvidia releases its latest quarterly results. We highlighted three things to watch , including what’s going on with the company’s Blackwell artificial intelligence chip platform and whether its overheating. Demand remains the same but possibly pushed back. 5. Also reporting earnings after Wednesday’s close is Club name Palo Alto Networks , which got lots of price target hikes ahead of the print. Cybersecurity is a hot industry as companies need to protect against the hackers out there. CEO Nikesh Arora joins me on “Mad Money” after the company’s release. 6. That’s why we own CrowdStrike , which got a PT bump at Stifel. The analysts see a diminishing impact from the July CrowdStrike software glitch that caused a global IT outage. CrowdStrike, which is out with earnings next week, has seen its stock recover much of its post-outage losses. 7. Comcast officially announced on Wednesday its plans to spin-off cable networks including CNBC, MSNBC, SYFY, and Golf Channel. It was floated last month during Comcast’s earnings call. It’s expected to take year to complete. Bravo and streaming service Peacock will remain part of Comcast’s NBCUniversal. 8. Netlifx said the Jake Paul-Mike Tyson fight was seen by 108 million global viewers. The company posted on X that the bout was the “most-streamed global sporting event ever.” 9. Melius Research’s Ben Reitzes said investors should not worry about Microsoft ‘s AI plans. Club name Salesforce may be calling out Microsoft. But the noted analyst said Club name Microsoft will have the “last laugh.” Lots of changes coming? Better? 10. JPMorgan raised its Salesforce price target to $340 per share from $310 and kept its overweight buy rating. The analysts said they spoke with consultants who said there is a “distinctly positive tone” regarding Agentforce, Salesforce’s AI agents. 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.
My top 10 things to watch Wednesday, Nov. 20
1.Target is the disaster du jour. The stock sank more than 15% after the retailer missed on quarterly earnings and revenue and cut guidance. Discretionary spending is just not that. Consumers are being choosy. There’s some hope on the horizon: Still has $9.4 billion on stock buyback authorization and Taylor Swift Black Friday exclusives coming up.
2. Club stock TJX Companies dropped nearly 3% on Wednesday after the off-price retailer issued fiscal fourth-quarter earnings guidance below estimates. The company behind T.J. Maxx, Marshalls, and HomeGoods did report better than expected third-quarter earnings and revenue. We’ll dig into the numbers during our Morning Meeting livestream at 10:20 a.m. ET for Club members.
3. Analysts at many Wall Street research firms raised their price targets on Walmart. Unlike Target, Walmart beat on quarterly results and raised its outlook. The Dow stock was modestly lower Wednesday, one day after its 3% post-earnings jump. Are shoppers only spending their money at Walmart and Club names Amazon and Costco?
