My Top 10 Things to Watch Thursday, February 26th 1. Nvidia stock is up about 1% this morning following a strong quarter and even stronger metrics overnight. Nvidia’s story is different. It’s now about a universal architecture for building and writing that is much larger than previously thought, thanks to Anthropic, Cursor, OpenAI, and OpenClaw. This wasn’t a call about Amazon Web Services, Microsoft Azure, or Google Cloud. 2. Wave of increase in target price for club name Nvidia. JPMorgan called the stock a “coiled spring,” rising from $250 to $265, suggesting an increase of about 36%. Morgan Stanley raised the price from $260 to $260, saying despite questions about cash flow for its largest customers, “the underlying computing demand is clear.” 3. Club Stock The biggest impact on Salesforce’s numbers are weaknesses in marketing, commerce, and legacy applications such as Tableau. This amount is yet to be made up by Agentforce, which has grown rapidly and reached $800 million in annual recurring revenue in the quarter. But it turns out there’s not going to be a complete “SaaS apocalypse.” Specifically, Salesforce says it has taken customers away from ServiceNow and Veeva. 4. Club name Qnity Electronics delivered impressive results, beating Street expectations for both the fourth quarter and 2026 outlook. The DuPont spinoff, which supplies all kinds of materials used in semiconductor manufacturing, also announced a $500 million stock buyback. Shares are up 8.5% this morning, after already rising 47% since the beginning of the year. 5. TJX Companies’ phenomenal quarter is paying off with Barclays raising its price target from $172 to $183 and Bank of America raising its price target from $168 to $175. I repeatedly gave purchase evaluations to both shops. We’ve been using this in our clubs for years. Shoppers are looking for value, and the parent company of TJ Maxx and HomeGoods is getting it in droves. 6. Snowflake suffers an inexplicable price target reduction despite a 30% increase in product revenue in the fourth quarter. Barclays rose from $192 to $204 and maintained a hold rating. Snowflake CEO Sridhar Ramaswamy said on “Mad Money” last night that the data analytics platform is accelerating product development to ride the AI wave. Data is the lifeblood of AI. Shares are up 2% premarket. 7. Trade Desk shares are down more than 14% this morning after the ad tech company gave a weak first-quarter outlook. The company is now hated. Last summer, the company’s stock price plummeted on concerns about increased competition from big tech companies like Amazon-owned Club, and it hasn’t recovered since. In August, the stock was nearly $90. It will now start at under $22. 8. Wells Fargo raised its price target on Lowe’s from $280 to $290 following yesterday’s results. The stock fell 5.6% yesterday, also helped by its weak guidance. However, I also believe that the lack of concrete proposals to address housing affordability in the United States during President Trump’s State of the Union address, along with the club’s name, Home Depot, also negatively impacted the stock price. Both retailers rely on home sales. 9. Citi raised its price target on Toll Brothers with a hold rating to $162 from $141, suggesting an upside of about 3% from Wednesday’s closing price. I really liked last week’s earnings report from a luxury home builder. Toll Brothers’ first quarter profit was $210.9 million, significantly higher than the $177.7 million earned in the same period last year. 10. BWX Technologies’ price target was raised to $235 from BTIG’s $225 following the fourth-quarter earnings beat. Analysts reiterated their buy rating and highlighted growth in the naval contractor’s commercial nuclear business. BWXT is “selling shovels in a nuclear gold rush,” they write. I interviewed CEO Rex Geveden on Mad Money earlier this week. BWXT may be the best nuclear play. 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.
