My top 10 things to watch Thursday, Aug. 6 1. Mixed bag for futures this morning. S & P and Dow are modestly green. The Nasdaq is lower, weighed down by the post-earnings slides in data-storage makers Sandisk and Western Digital . WTI crude is up slightly to around $76 a barrel despite reports that Iran and Oman are close to finalizing a deal on Strait of Hormuz traffic. 2. Sandisk and Western Digital, two of the biggest winners of the AI chip boom, both issued imperfect outlooks last night. There’s disappointment in Sandisk’s gross margin guide for the September quarter. Western Digital’s revenue growth and margin expansion forecast for this quarter trailed that of peer Seagate . But both companies see durable demand and are leaning into multiyear supply agreements to reduce cyclicality. 3. Almost a billion new shares of SpaceX are free to start trading today, part of the first wave of the IPO lock-up expiration. The stock is up over 3% premarket. Historically, a flood of new supply is bad for prices, but then again, this is an Elon Musk venture and short-term moves are impossible to predict. I do know that I don’t want to bet against him long term. This is the kind of stock you buy and hold for your kids. 4. Bunch of price target hikes for Eli Lilly after another beat-and-raise quarter yesterday. Morgan Stanley, BMO and Wells Fargo all raised. So did Leerink, which touted Lilly’s improving profitability and next-generation obesity drugs. Retatrutide is the one I’m most interested in. Lilly is still my No. 1 pharma stock, followed by fellow Club name Johnson & Johnson . I also like Abbvie and Merck . 5. Honeywell Aerospace’s first earnings report since its June spin-off was shockingly bad. Supply chain issues led to a steep cut to its full-year guidance. Demand isn’t the problem, but restoring credibility with the Street will be an uphill climb from here. Shares are down over 15% premarket. Didn’t see this coming. We downgraded the stock last night and took action this morning. 6. A lot of bullish calls on Shopify after a much better-than-expected quarter and upbeat guidance. Mizuho hiked to $180 from $150. Citi, UBS, Canaccord, and RBC Capital also raised their targets. AI is their friend and not the foe the market once thought it was. Shopify President Harley Finkelstein told me on “Mad Money” last night that ChatGPT and Gemini are “incredibly powerful discovery engines” for Shopify stores. 7. Block posted another better-than-expected quarter. Improved margins, strong Cash App growth, and a raise to full-year gross profit forecast. Just five months ago, Block cut over 40% of its staff due to what it called an AI pivot. Looks like it’s paying off. Stock still down over 1% premarket. Nobody really cares about the fintechs anymore. The only one I really like is Affirm because it is better at lending for buy now, pay later loans. 8. UBS hiked its price target on Duolingo to $150 from $125. Analysts said last night’s earnings showed how the language-learning app is able to keep strong user growth while expanding profitability. Duolingo credited open-source AI models for cutting costs. Is this, again, something that AI was supposed to wipe out that isn’t being wiped out? Still, the third-quarter revenue guide missed estimates. Stock is down over 6% this morning. 9. Multiple price target bumps on Expedia . Oppenheimer took the travel booking platform to $365 from $310. Analysts pointed to a solid second-quarter beat, a full-year guidance raise, and a stable U.S. backdrop. Barclays, BTIG, Cantor Fitzgerald, and RBC also upped their price targets. This and Booking had terrific quarters. Travel demand is proving resilient despite higher air fares from the Iran war. 10. UBS and Barclays both raised their price targets and stood by their buy ratings on CVS Health , despite the stock falling 5% yesterday on earnings. I’ve loved what CEO David Joyner has done with the healthcare and drug-store giant, but there are now concerns about expected membership declines at Caremark, its pharmacy benefit manager. 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
Aug 6, 2026
