The Club’s top 10 things to watch Wednesday, Nov. 26 1. Wall Street’s winning streak continues as stocks opened higher this morning. The S & P 500 and Nasdaq are on track for their fourth consecutive sessions of gains. Investors continue to monitor for updates that could impact the Fed’s interest rate decision next month. Reminder: The stock market is closed on Thursday for Thanksgiving. Trading will resume on Black Friday, the unofficial start of the holiday shopping season, but with an early close at 1 p.m. ET. 2. Nvidia stock rose nearly 2% this morning. The Club stock fell to nearly three-month lows yesterday on reports that Meta Platforms is thinking about using Google chips. Jim Cramer said the Nvidia selloff was misguided and investors should stick with it. 3. Goldman Sachs raised its price target on Club holding Broadcom to $435 from $380 ahead of earnings next month. The analysts, who kept a buy rating, cited continued acceleration in AI revenue. We said yesterday that reports of Meta considering Google chips would be a positive for customer chip designer Broadcom. 4. Dell shares surged more than 5% after the tech giant missed expectations for revenue but delivered a better-than-expected guidance for the current quarter. Management cited increased AI sales for its upbeat outlook. 5. PC maker HP Inc. issued weaker-than-expected earnings projections for the new year. HP did, however, beat on earnings and revenue in its fiscal fourth quarter. Shares were down more than 2% early this morning. 6. Deere shares dropped 5% this morning after the heavy equipment maker’s full-year 2026 net income guidance missed estimates. Deere did beat on fiscal fourth quarter earnings and revenue. The company said it looks like next year will “mark the bottom of the large ag cycle.” 7. Urban Outfitters shares advanced 16% after the retailer posted third-quarter earnings and revenue that topped expectations. Same-store sales growth of 12.5% crushed estimates at the company’s namesake chain. Anthropologie also beat, but Free People missed. 8. Total mortgage application volume was essentially flat last week, according to the Mortgage Bankers Association, with purchase loans up 8% and refinances down 6%. A slight rise in mortgage rates last week did not give much incentive for mortgage-seekers to act. Early indications for this week, according to Mortgage News Daily, show a dip in home loans. 9. Workday shares lost 6% this morning. The HR software maker issued underwhelming forward guidance after a solid third-quarter earnings beat and revenue that matched expectations. Workday’s total subscription revenue backlog rose 17% to $25.96 billion, but that was short of estimates. 10. JPMorgan said investors should buy the post-earnings giveback in Club stock Amazon , which is about 10% below its November highs. The analysts feel the weakness is unwarranted after a quarter that answered many questions about Amazon Web Services. At next week’s AWS re:Invent event in Las Vegas, JPMorgan is looking for updates on Amazon’s custom chips and cloud future. 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.
