My top 10 things to watch Thursday, Jan. 29 1. Stocks were little changed this morning after post-earnings gains from Meta and post-earnings losses from Microsoft were kind of canceling each other out. The big earnings event after the bell this evening is Apple . That will round out our megacap names for this week. 2. Meta posted much better revenues using AI, so much better campaigns, including Reels. The Ray-Ban Meta glasses delivery system is working, said CEO Mark Zuckerberg. Raising numbers from ads that wouldn’t be as effective without AI, so the monetization is working. Costs soar, but strong earnings beat and raise , and a sharp acceleration is on the way. Multiple stats showing an increase in value, agentic coding makes things cheaper. The market loves it, with shares up 9%. 3. It is not clear that the monetization is working for Microsoft . Shares fell 6%. The company is spending without getting much bang for the buck, and Azure revenue isn’t growing and failed to meet expectations. The company has to get its growth-to-spending ratio right. Frankly, I have no idea what OpenAI is, but it isn’t making it any easier, and it doesn’t seem to matter that the rest is good. Lost in the shuffle: How well is Copilot doing? 15 million paid seats is not enough. PC-related business is down. No pricing power. 4. Tesla completes the transition from EV company to cybercab-and-robot company at scale. It also plans to invest $2 billion in CEO Elon Musk’s xAI, which is developing the brain for the Tesla robot and FSD (full self-driving), the two most important divisions. The company reported better-than-expected fourth-quarter earnings on Wednesday evening. 5. When will the bleeding end? ServiceNow shares sank 9% despite a strong quarter, and its enterprise software companies need to manage their AI integration and cybersecurity in a centralized way. Investors are also getting a $5 billion stock buyback. 6. IBM delivered a clean quarter, accelerating growth, and the hybrid cloud message is resonating. The stock jumped more than 8.5% on the print. The company’s acquisition strategy is working. Quantum is a 2029 event. It didn’t matter that RedHat was weak. IBM stock jumped 8%. 7. Lam Research shares jumped more than 3% after the semiconductor equipment company told us it has far more business than it can handle. Lam is also at the heart of meeting the demand for memory, and it is profiting from it. 8. In storage, will SanDisk be a star in tonight’s earnings show? The stock has more than doubled already this year to date. Shares rose 2% this morning. I have said companies like Lam are safer ways to play the incredibly hot data storage/memory trade. 9. Two more Club names reported earnings this morning. Honeywell delivered a mixed quarter: beating on EPS but missing on revenue. Full-year 2026 earnings guidance beat. Dover , meanwhile, reported small beats with quarterly revenue and earnings. Full-year EPS outlook was short at the midpoint. Neither stock was moving that much. 10. One day after Starbucks reported a quarter that showed CEO Brian Niccol’s brand revival is working , the coffee giant is holding its Investor Day. The company released a fiscal 2028 framework that was being well-received on Wall Street. The stock popped 3% this morning. 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 Thursday
Jan 29, 2026
![i’m-nervous,-too!-[part-2]](https://10xwealthreport.com/wp-content/uploads/2026/03/177042-im-nervous-too-part-2-1568x784.jpg)
