My top 10 things to watch Friday, Jan. 30 1. The S & P 500 was headed for a lower open. But stocks trimmed their declines after President Donald Trump nominated Kevin Warsh to be the new chair of the Federal Reserve. The Friday morning selection of Warsh was likely to ease concerns about Fed independence, and recently soaring gold and silver prices sank. The new Fed chief faces a tough balancing act on the dual mandate of fostering employment and keeping prices stable. This morning, the producer price index, the latest read on inflation, came in higher than expected for December. 2. Club holding Apple posted a terrific quarter last night. Demand for the iPhone was great and the services unit was strong. The China market was fantastic, but watch India as it grows. Will the memory shortage cause a problem for the company? It will, but it will be an even bigger problem for all the non-subsidized players. Own, don't trade Apple, whose stock was solidly higher for the week and set to break an eight-week losing streak. 3. Red-hot stock Sandisk soared another 22% this morning after the data storage company reported a tremendous quarter. As of yesterday's close, Sandisk stock was up an incredible 175% year to date. Goldman Sachs hiked its price target to $700 from $320. Analysts see more upside for the stock after guidance significantly beat already sky-high expectations. Bernstein took its PT to $1,000 from $580 for the same reason. Citi, Morgan Stanley and Jefferies all hiked as well. 4. Wolfe Research upgraded Broadcom to a buy from hold. Analysts, who issued a $400 price target, said artificial intelligence revenue in 2027 could double for the chipmaker. "We can no longer ignore" the company's growth in tensor processing units, the firm wrote. It's welcomed news. This Club stock has been lagging as there is no shortage. 5. Club name Honeywell received a price target increase from Barclays. Analysts took the industrial stock up to $259 from $250 and kept a buy rating. With Honeywell's aerospace division split only six months out, Barclays said investors will increasingly focus on the company's valuation discount to its sum-of-the-parts. Honeywell ended 2025 strong as we reported yesterday. 6. Lots of price target increases for Caterpillar after yesterday's solid quarter. Strong sales of power generators for data centers were a major driver. Bank of America took its Caterpillar PT to $735 from $708 on higher than normal visibility into years to come due to a record backlog. The analysts kept their buy rating. 7. Goldman Sachs raised its Gap price target to $32 from $29 and maintained their buy rating. The analysts expect strong holiday quarter results but a choppy start to the current quarter due to rough weather and questions about consumers' confidence in the economy. 8. UBS increased its price target on Club name Starbucks to $100 from $94. The analysts, who kept their hold rating, came away from yesterday's Investor Day and earnings on Wednesday evening optimistic in the near-term about CEO Brian Niccol's turnaround but feel further progress is needed to get more excited down the road. Don't be impatient with Starbucks. 9. Deckers Outdoor shares soared more than 12% premarket on last night's huge quarterly beat and full-year guidance raise. Barclays boosted its price target on the company behind the UGG and Hoka brands to $143, up from $113, which was around where the stock will open this morning. They kept their buy rating. Goldman Sachs was not as confident in Deckers' comeback, raising its PT to $92 from $81 but maintaining their sell. 10. Citi sees the recent sell-off in online used car platform Carvana as a buying opportunity. On Wednesday, shares sank 14% after a short-seller report, claiming that a related business is subsidizing Carvana. The stock rose 4.7% yesterday as Wall Street expressed doubt about the report. Citi analysts said they don't believe the allegations and maintained their $550 price target. 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.
