My top 10 things to watch Friday, March 20 1. Stock futures are down this morning as oil works its way back up after a brief move lower on Thursday. The major averages are pacing for their fourth losing week in a row, with the S & P 500 and Dow down 0.4% and 1.2%, respectively, and the Nasdaq Composite off by 0.1%. Friday is a quadruple witching event — the quarterly expiration of stock options, index options, index futures, and single-stock futures — which could add some volatility. 2. Dell is the big winner from the fallout over the Super Micro Computer investigation. U.S. prosecutors on Thursday charged Super Micro employees, including a co-founder, with smuggling Nvidia chips to China. Shares of Super Micro fell more than 26%; Dell is up roughly 4%. 3. FedEx has much more earnings power than thought, as the restructuring shines through. Pharma and the data center are good businesses. Europe is relatively strong. Costs to unload are lower. Supply chain management is superb. Freight spinoff on time. Shares popped 9%. Would be up even bigger if the overall market wasn’t down. Is UPS the loser? 4. Mizuho cut its price target on Alibaba to $190 from $195 but kept its buy rating. The firm cited soft demand and investments in AI. Alibaba is launching its own version of the OpenClaw AI platform. Nvidia CEO Jensen Huang told me this week that OpenClaw is “definitely the next ChatGPT.” 5. Big call: Mizuho sees an inflection at Chipotle , goes to buy from hold, and raises its PT by a few bucks. CMG. Analysts see positive catalysts, citing strong channel checks, traffic, and comp upside. Stock valuation is “overly pessimistic.” 6. McCormick in talks to buy London-listed Unilever food business, valued at about $33 billion, Reuters reports . The U.S. spice maker is less than half the size of that division, with a market cap of $14.5 billion. 7. Verizon PT lifted to $55 from $50 at Citi, which noted streamlining cost structure and return to growth. Maintained buy rating. 8. Guggenheim lowers its price target on Accenture to $250 from $275, maintains a buy rating. The firm says the stock is down due to “negative investor sentiment,” but argues it will be an eventual winner given its positioning in AI. 9. Planet Labs PT going higher at Needham, to $40 from $35. Keeps it a buy. Shares of the satellite imagery company jumped 15% on better-than-expected Q4 results. First quarter and full-year revenue guidance also beat. 10. Mizuho increased its Five Below PT to $240 from $205, keeps hold rating, after the discount retailer posted strong Q1 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.
Jim Cramer’s top 10 things to watch in the stock market Friday
Mar 20, 2026