Jim Cramer’s top 10 things to watch in the stock market Thursday

1. The S&P 500 and Nasdaq were headed for slightly higher opens Thursday, one day after their worst single-session performances since 2022. Tech stocks again led the way lower Wednesday.
2. Thursday morning the government reported the U.S. economy grew at a 2.8% pace in the second quarter, which was much more than expected. The Fed’s favorite inflation gauge is out Friday.
3. West Texas Intermediate crude fell 1.5% to just over $76 per barrel on demand concerns. WTI, the American oil benchmark, broke a four-session losing streak Wednesday.
4. Ford delivered an extremely disappointing quarter late Wednesday. The Club stock dropped 13%. No more excuses. Two things: Warranty issues again and no stock buyback like General Motors. The company favors the dividend over appreciation.
5. Stellantis cut guidance and saw weak demand. Shares of the Chrysler and Jeep parent company dropped 8%. Prices too high. The story Tuesday at GM was more favorable yet the stock still fell as investors worried that the automaker’s earnings power has peaked.
6. Honeywell cut numbers for 2024, and the Club stock fell 4.5%. Next year is looking good. I see the dip in shares as a buying opportunity. Second-quarter earnings and revenue beat. Aerospace continued to lead but all four segments saw sequential growth.
7. Dover reported better-than-expected second-quarter earnings Thursday morning and bumped up its full-year guidance, too. Order trends stayed positive. The Club stock has been beaten up in recent days after setting an all-time high July 16.
8. American Airlines missed on second-quarter revenue. Sales strategy backfired. Forecast earnings per share as breakeven for the current Q3 versus the 44 cents expected. Shares dropped 6%.
9. Southwest Airlines reported a 46% drop in its quarterly profit and said it’s taking “urgent” steps to increase revenue. The stock sank nearly 5%.
10. Club stock GE Healthcare is working with Amazon Web Services to build new generative AI models and applications that are specialized for medical use cases.

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