My Top 10 Things to Watch Thursday, January 22nd 1. The S&P 500 rose early Thursday morning as Wall Street cheered signs of easing geopolitical tensions. President Donald Trump announced yesterday that the United States had reached a “framework” agreement on Greenland and would no longer pursue new tariffs against European countries. Meanwhile, traders are awaiting key economic data from the Federal Reserve’s release later this morning of the Consumer Expenditure Price Index, a closely watched inflation measure. 2. GE Aerospace had an incredibly strong fourth quarter. Adjusted earnings per share were $1.57, beating analysts’ expectations of $1.43, and revenue was $11.87 billion, well above expectations of $11.2 billion. The company expects adjusted EPS to be between $7.10 and $7.40. The current FactSet analyst consensus is $7.14. Both commercial and defense units are powerful. Best ever? There are supply chain issues behind it, and finding workers is easy. 3. Procter & Gamble’s stock price fell more than 1% after the consumer products company reported a drop in revenue, but we expected that. Management warned investors in December that sales had fallen significantly in October and November. Sales were $22.21 billion, lower than expectations of $22.28 billion. However, earnings per share of $1.88 beat the consensus estimate of $1.86 per share. Let’s see if the stock price continues like this and what management, including new CEO Shailesh Jejrikar, will say on the investor conference call. We will be sending our full analysis for the quarter to our members later today. 4. Intel will report its quarterly results this evening. Demand is surging and the foundry’s story may be ready to be told. There will be more signs if they lose market share to Advanced Micro Devices. Advanced Micro Devices is almost a “must own” stock. We don’t own it and it’s one of our biggest regrets. 5. There’s no stopping the memory chip maker/semi-cap equipment complex of Micron, Western Digital, Sandisk, Seagate, Lam Research, KLA, and Applied Materials. China has fallen out of orbit. They control their own destiny. If you want to buy, wait for a push and scale down. Only 1/4 position, no more. 6. Wells Fargo raised Chipotle’s price target to $50 from $45 and maintained a buy rating on the stock. Analysts see innovation driving quick-service restaurants and outperforming casual dining. People are itching to buy this. As for restaurant stocks, the club owns Texas Roadhouse. 7. After a great quarter yesterday, there was a lot of positive feedback for Johnson & Johnson. Citi raised its price target on the pharmaceutical stock to $250 from $232. The company maintained its buy rating, but said Johnson & Johnson “beats up” on potential for fiscal 2026. Steifel also raised PT from $205 to $220 and maintained an unchanged rating. We own a pharmaceutical rival, Eli Lilly and Co. 8. Citi lowered its price target on ServiceNow from $250.6 to $235, but maintained its Buy rating on the tech stock. It’s still a cruel phone call. This entire enterprise software group, including the club name Salesforce, is at risk of being disrupted by AI. The company announced its quarterly results on January 28th. 9. Alphabet Club Holdings was upgraded from Raymond James’ Outperform rating to Strong Buy. Analysts who raised PT from $315 to $400 also cited improvements to Google’s parent company’s artificial intelligence stack. 10. UBS raises Charles Schwab’s price target to $125 from $123 and reiterates a buy rating on the stock. The company reported a “mixed” quarter yesterday, but the focus is now on its 2026 guidance, which beat management’s expectations, UBS said. Remember when Charles Schwab was plagued by cash flows and a misplaced balance sheet? 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.
