My Top 10 to Watch for Friday, February 6th 1. After three sessions in which the S&P 500 and Nasdaq fell sharply on a rotation of tech stocks, stocks were looking at an uptrend. Nasdaq futures rose this morning, despite heavy losses after Amazon’s earnings. Both indexes had their worst week since April 2025. 2. Bitcoin on Friday morning rebounded from overnight lows when the world’s largest cryptocurrency nearly fell below $60,000. Volatility in tech stocks and precious metals, especially silver, led to sell-offs and forced liquidations of exchange-traded funds (ETFs). Bitcoin hit an all-time high of over $126,000 in October. 3. Is Amazon spending beyond its means? Or is it spending to win the AI race? Because they own the chips, they provide computing at a low cost. Amazon’s $200 billion capital spending plan for 2026, coupled with a disappointing profit outlook for the current quarter, sent the club’s shares down 8%. Otherwise, the final quarter of 2025 was strong as cloud growth reaccelerated and exceeded expectations. 4. Barclays maintained a buy rating on KKR despite the private equity firm’s exposure to investments in enterprise software companies. Enterprise software stocks have tumbled this week on concerns that AI will replace and help companies run their jobs. Club name Salesforce rebounded this morning, but entered Friday trading down 10.5% for the week. 5. JPMorgan downgraded industrial gas giant Linde’s rating from buy to hold due to price pressure. Maybe the price of helium will drop as well. Multiple is constrained. Linde posted quarterly profits and sales, but soft guidance put some pressure on the club’s shares this morning. We view this guide as conservative and likely to be beaten and lifted. 6. The FDA announced last night that it is blocking Hims & Hers’ GLP-1 mimic drug, citing safety risks. Hims & Hers fell nearly 9% a day after Novo Nordisk announced a counterfeit version of its weight-loss drug Wegoby. Novo Nordisk shares, which tumbled yesterday on news about Hims & Hers, soared 7% this morning. GLP-1 rival and club stock Eli Lilly fell yesterday but regained some of its losses this morning. 7. Stellantis incurred a huge $26 billion restructuring charge in a business overhaul that included scrapping its electric vehicle plans and reintroducing V8 engines to U.S. models. Chief Executive Officer Antonio Filosa said Friday that the automaker excels as a company. Shares of Stellantis, which owns many car brands including Chrysler, Dodge and Ram, fell 24% this morning. 8. Goldman Sachs upgraded power and generation company Vistra from buy to hold, citing the recent decline in the stock price and an increase in expectations for an upgrade. The company added that its recent agreement with Meta Platforms shows that it is “able to secure sizeable power purchase agreements on short-duration ramps.” The stock price rose more than 5%. 9. Wells Fargo raised Bloom Energy’s PT to $130 from $95, citing better-than-expected fourth-quarter earnings and better-than-expected order backlog. The call sent the stock soaring more than 13%. This data center power play is real. 10. Reddit’s price target was lowered from $290 to $205 on Piper Sandler. The company noted that the social media company had another strong quarter this year, including a positive outlook for 2026 and a $1 billion share buyback program, but it was smaller than expected. Nevertheless, the stock rose 7% following the results. 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.
