Our top 10 things to watch on Friday, July 10 1. S & P futures are flat on Friday morning, but the broad-based index is on pace for a weekly gain. Stocks rallied on Thursday after President Donald Trump said Iran had called to make a deal . Despite the U.S. saying it remained committed to finding a solution to the conflict, oil prices are slightly higher. Treasury yields are relatively unchanged. 2. Chip stocks are taking a breather as the market makes room for South Korean memory-chip giant SK Hynix , which is set to begin trading on the Nasdaq on Friday. Jim Cramer said Thursday that the debut will give U.S. investors a new way to bet on the AI boom, but warned of significant risks . 3. Delta Air Lines beat on the top and bottom lines for the second quarter, with adjusted EPS of $1.56 vs. $1.48, and revenue of $17.67 billion adjusted vs. $17.53 billion expected. Delta said on Friday that it expects mid-teens sales growth for the current (third) quarter and adjusted EPS of $2 to $2.50, vs. estimates of $2.04, and maintained its full-year outlook. CEO ED Bastian told CNBC that demand remains strong , noting that Delta caters to higher-income customers in the K-shaped economy. The stock fell 3% in the premarket. 4. KeyBanc raised its price target on Meta Platforms to $790 from $760 and maintained its buy rating. The analyst said Meta is the firm’s preferred megacap name for the second half of the year, driven by new products that show its AI strategy is working. While the market is split on Meta’s AI roadmap, shares rose Thursday after the social media giant unveiled a major update to its Muse Spark artificial AI model and offered pricing details. 5. JPMorgan initiated coverage of Club stock Honeywell Aerospace with a hold rating and a $255 price target. We recently shared our rating, price target, and outlook for the company, which was spun off from Honeywell in June. 6. Bank of America updated its price targets in its second-quarter pharma preview. Abbvie was raised to $276 from $234, Bristol Myers cut to $66 from $67, Johnson & Johnson dropped to $263 from $254, Eli Lilly to $1,334 from $1,251, and Pfizer to $26 from $27. We wrote on Thursday about the impressive growth of Eli Lilly’s obesity drugs overseas, with sales of GLP-1s more than tripling in 2025 and again in the first quarter of 2026 7. BofA also lowered its PT on Procter & Gamble to $166 from $170 but kept its buy rating. The firm noted that overall P & G consumption improved in June relative to April and May, but reduced estimates for its fabric care products. We have held the stock as a hedge against a possible slowdown. 8. Stifel raised its PT on AMD to $635 from $450 and kept it a buy, noting that its strong backlog and capacity commitments support continued growth. It also raised Intel to $120 from $75, but maintained a hold rating. We made a trade in this chip stock earlier this week. 9. PepsiCo was downgraded to hold from buy at Citi, which also cut its price target to $145 from $170, following lackluster earnings on Thursday. Citi is worried about prolonged weakness in North America. Jim said on Thursday that consumers have had enough of the company’s price hikes. 10. Shopify was upgraded to buy from hold at Stifel. Analysts said there is a realistic path to 30%-plus revenue growth in 2026 and sustained mid-20% growth in 2027 and beyond. 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.
The Club’s top 10 things to watch in the stock market Friday
Jul 10, 2026
