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

1. Is the comeback for real? The market was headed for a lower open after the S&P 500 just had its best day since November 2022. Watch Apple and Nvidia. Those Club stocks are the two most important fallen leaders in this volatile market. For the week, the S&P, Nasdaq and Dow are still in the red, thanks in large part to Monday’s plunge.

2. Barclays upped its price target on Club holding Palo Alto Networks ahead of the cybersecurity provider’s earnings report set for Aug. 19. The firm went to $350 a share from $325 and maintained its buy-equivalent rating. Going into earnings, remember that CEO Nikesh Arora has said remaining performance obligation trends is now a more meaningful metric than billings. We added to our Palo Alto position last week.

3. Eli Lilly scored a round of price-target hikes after the Club name’s home-run quarter Thursday proved demand for weight-loss drugs is still booming. A lot of the analysts are now at $1,000 a share or higher. BMO Capital Markets went to $1,101 from $1,001. Wells Fargo upped to $1,000 from $875. Bank of America hiked to $1,150 from $1,000. During the stock’s swoon in recent weeks, we’d been urging Club members to hold onto it.