Jim Cramer's top 10 things to watch in the stock market Friday

CNBC Finance

4 min read

My top 10 things to watch Friday, Feb. 6 1. Stocks were looking at a higher open after three sessions of sharp losses for the S & P 500 and Nasdaq on a rotation out of tech names. Nasdaq futures this morning were in the green despite heavy post-earnings losses in Amazon. Both of the indexes were headed for their worst weeks since April 2025. 2. Bitcoin on Friday morning bounced off lows last night that almost saw the world's largest cryptocurrency drop below $60,000. Volatility in tech stocks and precious metals, particularly silver, has sparked exchange-traded fund sales and forced liquidations. Bitcoin hit a record high above $126,000 back in October. 3. Is Amazon spending beyond its means? Or spending to win the AI race? Low-cost producer of compute because it owns its chips. Amazon's $200 billion capital expenditures plan for 2026, coupled with a current-quarter profit forecast miss, sent Club stock down 8%. Otherwise, the final quarter of 2025 was solid as cloud growth continued to reaccelerate and beat estimates. 4. Barclays kept its buy rating on KKR despite the private equity firm's exposure to investments in enterprise software companies. Enterprise software stocks have been crushed this week amid fears that AI will replace what they do for companies, helping them run their businesses. Club name Salesforce was bouncing this morning, but headed into Friday's session on a 10.5% weekly loss. 5. JPMorgan downgraded its rating on industrial gas giant Linde to hold from buy on pricing pressure. Maybe lower helium prices. Multiple will be constrained. Linde beat on quarterly earnings and revenue, but softer guidance put mild pressure on the Club stock this morning. We view the guide as conservative and likely to be beaten and raised. 6. The FDA last night said it will block Hims & Hers GLP-1 copycat drugs, citing safety risks. Hims & Hers sank nearly 9%, one day after announcing a knock-off of Novo Nordisk 's weight loss treatment Wegovy. Novo Nordisk shares, which plunged on yesterday's news about Hims & Hers , popped 7% this morning. GLP-1 rival and Club stock Eli Lilly sank yesterday and got some of those losses back this morning. 7. Stellantis took a massive $26 billion restructuring charge in a business overhaul that included pulling back on electric vehicle plans and reintroducing V8 engines to U.S. models. CEO Antonio Filosa said Friday that the automaker is better as one company. Shares of Stellantis â which houses many car brands such as Chrysler, Dodge, and Ram â sank 24% this morning. 8. Goldman Sachs upgraded electricity and power generation company Vistra to hold from buy, citing the stock's recent pullback and its higher estimates for the upgrade. The firm added that the firm's recent deal with Meta Platforms shows it can "secure sizeable power purchase agreement contracts with a shorter ramp." Shares rose more than 5%. 9. Wells Fargo raised its PT on Bloom Energy to $130 from $95, noting fourth-quarter earnings results beat estimates, as did its backlog. Shares soared more than 13% on the call. This data center power play is for real. 10. Reddit 's price target was cut to $205 from $290 at Piper Sandler. The firm noted that the social media company delivered another strong quarter â including upbeat guidance for 2026 and a $1 billion share buyback program â but that the beat was smaller than expected. Nevertheless, shares rose 7% on the results. 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.

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Jim Cramer's top 10 things to watch in the stock market Friday

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