My top 10 things to watch Wednesday, July 29 1. Futures are flat this morning, with a more than 6% rise in oil capping stocks in the premarket. Oil is up on Iran’s surprise missile attack on U.S. forces in the Mideast. President Donald Trump responded, saying the U.S. will hit Iran hard. The new war developments come ahead of this afternoon’s Fed interest rate decision. Market odds: 64% hold versus 36% hike. 2. Procter & Gamble is down 3% this morning after a mixed quarter. Earnings beat, but revenue missed. Organic sales and volume were flat. Guidance for fiscal 2027 was light too. Just not a lot of growth here. Glad we trimmed some yesterday to protect against an earnings letdown. We made a decision this morning whether to keep the stock. 3. Ford had a great earnings night. I liked it best. The stock up 5% reflects optimism about a full-year guidance bump and the 20 gigawatts annually coming from the company’s new Ford Energy unit to supply large-scale battery storage systems for data centers and the electric grid. Lots of price target hikes, including from Citi, which also upgraded Ford to a buy from hold. 4. SK Hynix stock tumbles overnight, stops, and reverses most of its big slide in the premarket as an incomprehensible earnings report and disjointed conference call made you think there is way too much memory capacity coming on. Concerning points from management: Long-term agreements meant to stabilize pricing hurt high-bandwidth memory, and Chinese competitors hurt low end. 5. Seagate jumps more than 4% after a blowout quarter fueled by the AI infrastructure buildout. The data-storage company delivered a top and bottom line beat and better-than-expected guidance. Unlike SK Hynix, Seagate isn’t putting up lots of new capacity. Battleground stock that was won by the bulls. Wells Fargo upped its price target to $1,180 from $1,100. Susquehanna hiked to $875 from $775. 6. Bloom Energy has been on a wild ride over the past month or so, hitting an all-time high of $351 in late June and closing at $168 yesterday. The stock is jumping to $180 on last night’s powerful quarter. Was it too high? Was the stock of this cleaner energy company (non-combustible engine) broken because of a hedge fund blowup? 7. United Parcel Service posted a beat-and-raise quarter yesterday. Still, they expect domestic third-quarter revenue to come in flat. Stephens cut its price target to $130 from $135 on that outlook. I think that Club name FedEx is taking share. Buy that one instead. 8. GE Healthcare is up more than 10% after delivering higher profit and revenue in the second quarter as orders increased across the business. The healthcare solutions provider reaffirmed their full-year earnings guidance for 2026 as well. This is one of several MedTech stocks that have caught bids, including Intuitive Surgical and Medtronic . 9. Unexpected earnings beat and guidance raise from PayPal. They doubled down on their turnaround plans and detailed cost-savings plans. It was also the first quarter since competitor Stripe and buyout firm Advent International made a takeover offer. Management declined to comment on the proposal during the conference call. A lot of price target hikes. Susquehanna went to $67 from $63. BMO raised to $56 from $46. 10. KLA Corp is down nearly 9% despite a top and bottom line beat for the maker of semiconductor manufacturing equipment. Guidance didn’t live up to high expectations. I thought it was a good call. But composition of demand was not as good, so pricing not as good. Hard to believe. Correction: This post has been updated to reflect that United Parcel Service reported a beat and raise. An earlier version misstated the company’s official name. 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 Wednesday
Jul 29, 2026
