Top 10 Clubs to Watch Wednesday, Nov. 26 1. Wall Street’s winning streak continues as stocks opened higher this morning. The S&P 500 and Nasdaq are trending higher for the fourth consecutive session. Investors continue to monitor updates that could affect the Fed’s interest rate decisions next month. Note: The stock market is closed on Thursday for Thanksgiving. Deals will resume on Black Friday, the unofficial start of the holiday shopping season, but will end early at 1pm ET. 2. NVIDIA stock is up nearly 2% this morning. Yesterday, the club’s stock fell to its lowest level in nearly three months following reports that Metaplatforms was considering using Google chips. Jim Cramer said the Nvidia sale was misguided and investors should hang on to it. 3. Goldman Sachs raised its price target on Broadcom’s holdings from $380 to $435 ahead of next month’s earnings. Analysts maintained their Buy rating, but cited continued acceleration in AI revenue. We said yesterday that reports that Meta was considering Google chips could be a boon for customer chip designer Broadcom. 4. Dell stock rose more than 5% after the tech giant said it expected to beat expectations for the current quarter, although it missed revenue expectations. Management cited increased AI sales as a positive outlook. 5. PC maker HP Inc. announced lower-than-expected earnings forecasts for the new year. However, HP outperformed in fiscal fourth quarter profits and sales. The stock price fell more than 2% this morning. 6. Deere shares fell 5% this morning after the heavy equipment maker reported a lower-than-expected full-year 2026 net profit outlook. Mr. Deere outperformed in fourth quarter profits and sales. The company said next year will be the “trough of a major agricultural cycle.” 7. Urban Outfitters stock rose 16% after the company reported better-than-expected third-quarter profits and sales. Same-store sales growth of 12.5% shattered expectations for its namesake chain. Anthropologie also won, but Free People missed. 8. According to the Mortgage Bankers Association, total mortgage application volume was nearly flat last week, with purchase loans up 8% and refinances down 6%. Last week’s slight rise in mortgage rates did not provide much incentive for mortgage seekers to take action. According to Mortgage News Daily, early signs this week point to a decline in mortgage lending. 9. Workday stock fell 6% this morning. The HR software maker issued an underwhelming forward-looking outlook after strong third-quarter earnings and revenue in line with expectations. Workday’s total backlog of subscription revenue rose 17% to $25.96 billion, which fell short of expectations. 10. JPMorgan said investors should buy after-earnings returns in club stock Amazon, which is about 10% below its November high. Analysts feel the weakness is unwarranted after a quarter that answered many questions about Amazon Web Services. At the AWS re:Invent event in Las Vegas next week, JPMorgan is looking for the latest information on Amazon’s custom chips and the future of the cloud. Sign up for free for my Top 10 Morning Thoughts on the Markets email newsletter (See here for a complete list of Jim Cramer Charitable Trust stocks.) As a subscriber to Jim Cramer’s CNBC Investment Club, you’ll receive trade alerts before Jim makes a trade. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in his charitable trust’s portfolio. If Jim talks about a stock on CNBC TV, he will issue a trade alert and then wait 72 hours before executing the trade. The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.
