My top 10 things to watch Tuesday, April 28 1. OpenAI recently fell short of internal targets for revenue growth and users, The Wall Street Journal reported , citing people familiar with the matter. That’s bringing down the whole OpenAI and compute complex: Softbank tumbled in Japanese trading. Oracle down in the premarket here. AMD and Nvidia also lower. All of this ahead of tomorrow’s jam-packed tech earnings slate. 2. Strong quarter from Coca-Cola . Revenue of $12.5 billion and earnings per share of 86 cents were both much better than expected. Even with a few extra days in the quarter, 10% organic growth is impressive. Coke continues to defy the mostly sluggish consumer packaged goods industry. New CEO Henrique Braun took over for James Quincey a few weeks ago. 3. Shares of Club name Corning are sliding after a mixed quarter. Headline beat, but margins missed expectations. Revenue guide for the current quarter looks light, too. Tough day to report if you’re a member of the AI trade. We warned Club members that this one had a parabolic move into the print. That sets a high bar to clear. It announced two more long-term supply deals with hyperscalers. 4. William Blair started Cardinal Health with a buy rating. Analysts pointed to the company’s solid position in growth areas outside of its core drug distribution business. This should turn around a good pick that went bad because of the rotation out of health care. Same goes for rival McKesson . We started a position in Cardinal Health back in March. It’s slated to release earnings on Thursday morning. 5. Top and bottom line beat for UPS . The parcel delivery giant backed its full-year guidance. UPS has been in self-help mode, winding down its Amazon partnership and cutting costs by billions. It’s expected to return to growth in revenue and operating profit this year. Still, I prefer the FedEx story ahead of its freight breakup. 6. UBS downgraded Nucor to a hold from buy. Analysts think the steelmaker has had too big a run since March, up over 31% in the past month. I understand the valuation concerns, but I think downgrading the stock here makes little sense. First-quarter results last night were better than expected. CEO Leon Topalian will join me on “Mad Money” tonight. 7. Spotify posted solid first-quarter growth with a beat on the top and bottom line. Earnings per share of €4.04 topped consensus estimates of €3.73. Still, the stock is down over 8% this morning after its current-quarter outlook failed to impress investors. Operating income guide was light versus consensus. Gross margin guidance wasn’t great either, coming in just in line. 8. Cadence Design Systems reported a strong quarter with guidance for the current quarter ahead of expectations, too. The software provider to chipmakers is integral to Nvidia and the whole ecosystem. It is the old firm of Intel CEO Lip-Bu Tan. Wells Fargo and Bank of America both raised their price targets to $400 from $375 and reiterated their buy calls. 9. General Motors upped its 2026 earnings guidance this morning after a big first-quarter profit beat. Tariff relief following the Supreme Court decision is helping there. That may explain why shares are slightly lower this morning. GM’s business in China, where restructuring efforts have been underway, was also profitable. 10. A lot of post-earnings price-target cuts on Domino’s Pizza . RBC Capital took the pizza chain to $350 from $400. Goldman lowered to $430 from $480, while Baird went to $400 from $495. This was a disappointing quarter, no two ways about it. Top- and bottom-line misses, and a cut to its full-year outlook for same-store sales. Tough competition. Restaurant stocks are a bifurcated group right now. 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 Tuesday
Apr 28, 2026
