My top 10 things to watch Friday, Aug. 1 1. We’re headed for a big down open. President Donald Trump issued a late-night series of new tariff orders , including raising the duty rate on Canadian imports to 35% from 25%, effective today. Trump also hit Switzerland with a 39% tariff rate, effective Aug. 7. 2. July jobs growth was weaker than expected, and there were also huge negative revisions to the June and May reports. For July, the U.S. economy added 73,000 jobs versus the Dow Jones consensus of 100,000. Unemployment rate ticked up to 4.2% from 4.1%. A September Fed interest rate cut is back on the table. 3. Club name Apple shares rose nearly 2% after a strong quarter . Tariffs and struggles with artificial intelligence were not negative factors in this print, at least. CEO Tim Cook said Apple was open to M & A that speeds up its AI roadmap, something I’ve urged them to do. 4. The sell-off in Amazon is overdone. In our earnings analysis for Club members last night, we kept our buy rating on the name. CEO Andy Jassy’s wistful answer on the growth rate of cloud unit AWS threw us off. It’s still business as usual at Amazon. 5. Reddit shares are flying on earnings, up 14% to around $183. Second-quarter revenue and earnings crushed expectations, and current quarter guidance beat, too. Morgan Stanley hiked its price target on Reddit to $230 a share from $170 and kept its overweight buy rating. 6. Club name Linde shares were up about 1% this morning after the industrial gas giant delivered better-than-expected revenue and profit. Adjusted operating margin was also strong. 7. Bank of America raised its price target on Boeing by $10 to $270. I like this call. With the way the stock has traded, it’s like people forgot what a good quarter Boeing reported Tuesday morning. 8. Kimberly-Clark , the star of the show? Shares are up nearly 5%. The Kleenex maker’s adjusted operating margin was better than expected, and organic growth of 3.9% trounced the 2.3% consensus. Nice change of pace. It embarked on a reorganization last year. 9. A number of price target boosts for Roku after its quarterly numbers surpassed expectations. The current quarter revenue guide was solid too. But the stock is falling more than 4% this morning. 10. KLA Corp. reported an “underwhelming” quarter, in the words of Citigroup. Still, analysts at the firm edged up their price target to $1,060 from $1,035 and kept their buy rating on the stock. 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.
