My top 10 things to watch Thursday, Jan. 15 1. Stocks were heading for a higher open this morning, with chip stocks leading the way on signs of solid demand and bank stocks mixed on a new batch of earnings. The S & P 500 and Nasdaq closed lower yesterday as tech and financials were under pressure for the second straight session. Elsewhere, President Donald Trump said he won’t fire Fed chief Jerome Powell and won’t attack Iran. 2. Goldman Sachs reported a strong fourth quarter, with equities trading and asset and wealth management generating nearly $900 million more in revenue than expected. Earnings per share beat even without the preannounced 46-cent-per-share gain from the sale of its Apple Card business. Investment banking fees jumped 25% to $2.58 billion. Club stock Goldman dropped 1.5%. We took some profits on Tuesday in Goldman and Wells Fargo. 3. We said quarterly earnings this morning from BlackRock were make-or-break for its future in the Club portfolio after we took some profits in this position earlier this month. The company delivered with beats everywhere. The world’s largest asset manager is a leader in public and private markets, technology, and data. BlackRock saw a 22% increase in assets under management to $14 trillion in Q4. The stock jumped 2%. 4. Morgan Stanley reported solid EPS and revenue beats in the fourth quarter. Wealth management sales were particularly strong in Q4 and delivered a record $31.8 billion in net revenue for all of 2025. Investment banking was also a standout, with a 47% jump in net revenue to $2.41 billion in Q4. Morgan Stanley shares were modestly lower. 5. Wells Fargo, Bank of America , and Citigroup were the big earnings yesterday, with JPMorgan kicking things off on Tuesday. Bank stocks have been under pressure this week as the sector came into earnings hot, with shares priced for perfection that did not materialize. Wells Fargo got some price target cuts. The Club raised our PT . 6. Taiwan Semiconductor Manufacturing Company increased its capital budget to meet demand, mostly for hyperscalers but also for high-end cellphones. Read out: That’s good for Apple on devices and Nvidia on high-performance computing. Both Club names. No bubble on AI. TSMC is responding to demand. It also mentions how much social media needs: That’s portfolio holding Meta Platforms . 7. Trump signed a proclamation imposing a 25% tariff on certain semiconductors. It won’t apply to chips imported to contribute to the buildout of America’s technology supply chain. The action said that after trade talks conclude, a “rate of duty that is significant” could be applied more broadly. 8. In the meantime, the whole semiconductor complex is being raised over and over again. Wells Fargo upgraded Broadcom to a buy from hold and boosted its price target to $430 from $410. The analysts said gross margin worries are overdone. They see the upside of Google TPUs and a big ramp for custom chips at Broadcom. This stock, a Club name, is way oversold. 9. Big call on Boeing : Bernstein raised its price target on the aircraft maker to $298 from $277 and maintains a buy rating. The analysts chose Boeing as Bernstein’s top aerospace and defense pick for 2026. They said they have increasing confidence in Boeing’s growth potential. I have been this for a while now. 10. First-time filings for unemployment benefits totaled 198,000 last week. That was 9,000 fewer than the prior week and below the Dow Jones estimate of 215,000. The four-week moving average on jobless claims fell to 205,000, the lowest level in nearly two years. The numbers following last week’s monthly look at job growth , which came in lower than expected for December. 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.
Jim Cramer’s top 10 things to watch in the stock market Thursday
Jan 15, 2026
