My top 10 things to watch Friday, April 10 1. We’re tracking for a tame open this morning. Oil prices are down marginally. The March consumer price index report rose 0.9% for the month and 3.3% on an annual basis, in line with expectations. That captures the Iran war-driven spike in oil prices. Vice President JD Vance is headed to Pakistan for peace talks with Tehran this weekend. 2. Taiwan Semiconductor Manufacturing Co. reported big numbers overnight. First-quarter revenues were up 35% from a year ago. March alone saw a 45% jump. Will it be enough to allow Nvidia shares to break free and join the sainted club of memory stocks? Taiwan Semi is Club name Nvidia’s go-to manufacturer. 3. Melius Research’s Ben Reitzes raised his price target on Intel for the third time this year, going to $75 from $58. Kept buy rating. Just this week, Intel announced a partnership with Elon Musk for his Terafab project and an expanded collaboration with Google on data center CPUs. It’s also reportedly in talks with Amazon for advanced packaging services. CEO Lip-Bu Tan has returned Intel to greatness. 4. UBS downgraded ServiceNow to hold from buy, saying its previous confidence that the automation software maker was better positioned to withstand AI disruption than peers has weakened. This had been UBS’ only buy-rated application software stock. Now analysts are throwing in the towel despite shares already down 41% year to date. I knew someone would break ranks. 5. The divergence this week between hardware winners and software losers has been remarkable, and we need to get used to it . Software analysts at Citi don’t see a lot of catalysts for the group either, so they downgraded the likes of DocuSign and Veeva to buy from hold. Also took their price target on hold-rated Adobe to $253 from $287. 6. Club name Nike was downgraded to hold from buy at Piper Sandler. Price target to $50 from $60. Stock in the low $40s. Analysts said the company needs more innovation to fill the void created by selling fewer of its classic shoes like Air Force 1s. They’re also worried about saturation in athleisure and tough comparisons for its running business. Do we admit a mistake and move on? 7. Bank of America lowered its Procter & Gamble price target to $167 from $171. Analysts trimmed fiscal 2026 and 2027 earnings estimates due to increased costs of oil-derived materials used in packaging and product mixes. P & G is our safety stock. Can’t give up on safety. BofA also trimmed its PT on Colgate-Palmolive to $102. Kept PG and CL as buys. 8. Robinhood got a price target cut at Citizens to $155 from $180. Analysts cited a slowdown in crypto. Kept buy. Was this stock always just a crypto play? Robinhood did get a government endorsement in the Trump Accounts gambit . Morgan Stanley is less optimistic, cutting its price target to $95 from $147. Maintained hold. 9. Goldman Sachs resumed coverage of medtech company Becton Dickinson with a neutral rating and a $167 price target. The company completed the spin-off of its biosciences and diagnostic solutions business in February. I thought the restructuring would help the stock. Not so far. 10. Power utility Southern Company got a price target increase to $114 from $107 at Citi. Analysts see more upside and kept their buy rating. The call is definitely right. The U.S. needs way more electricity with the boom in AI data centers. Southern is the grid. I also like Sempra , AEP , and Entergy . 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
Apr 10, 2026
