My top 10 things to watch Friday, Jan. 9 1. Stocks were headed for a higher open this morning after tepid December jobs growth data supported the case for more Federal Reserve interest rate cuts. The government said 50,000 nonfarm jobs were added last month, lower than estimates and November’s downwardly revised total. The unemployment rate in December dipped. Two other big events today: Watch for a Supreme Court decision on tariffs and a meeting of top oil executives at the White House on Venezuela. 2. President Donald Trump directed his “Representatives,” later confirmed as Fannie Mae and Freddie Mac, to buy $200 billion in mortgage bonds. It gets the ball rolling ahead of further Fed rate cuts. Homebuilders Lennar and D.R. Horton were up again this morning, and so was Club name Home Depot , which is our best play on lower rates. They all soared yesterday, too, after Trump’s afternoon social media post. 3. Club name Meta Platforms reached deals with energy firms, including Oklo and Vistra , to work on nuclear. The companies aim to power Meta’s Prometheus supercluster computing system. Mark Zuckerberg is relying on Oklo? Give me a break. Shares of Oklo and Vistra soared roughly 18% and 16%, respectively, on the news. Meta stock move modestly higher. 4. Baird downgraded Club name GE Vernova to a hold from buy and cut its price target to $649 from $816. The stock closed yesterday under $630. So, the new PT is still above. The analysts cited power oversupply. Are you kidding me? Baird still sees GE Vernova as a leader in energy generation and as a core holding, but “moving to the sidelines near term.” 5. Mizuho raised its price targets on Club holdings Nvidia ($275 from $245) and Broadcom ($480 from $450). Analysts, who kept buy ratings on both, see more upside for the semiconductor equipment group in 2026. Mizuho described their valuations as “attractive,” but more modest than last year. We explained yesterday why Nvidia has a lot more room for growth. 6. Evercore ISI raised its price target on Apple to $330 from $325 and maintained its buy rating. The Club stock has been straight down since the year began, falling nearly 5%. The analysts cited near-term upside to Apple estimates, driven by strong iPhone demand and minimal headwind from memory cost pressures. The firm is raising estimates for Apple’s December quarter. 7. Mizuho raised its price target on Club name Alphabet to $365 from $325 and kept a buy rating on the shares, citing “significant potential sales upside at Google Cloud.” Alphabet’s market cap yesterday surpassed Apple for the first time since 2019 — a move driven by its emergence as a leader in the AI race. We added Alphabet back to the portfolio in late 2025. 8. JPMorgan analysts Matt Boss said the U.S. had the strongest holiday shopping season since 2021, and said trends point to a “positive” year for 2026. He likes Macy’s and Kohl’s for the surprise factor. 9. KeyBanc raised Club holding DuPont ‘s price target to $51 from $45, and maintained a buy rating on shares. The call wasn’t that positive, though. Analysts say that the industry is under cyclical pressures, citing the downturn in construction as an example. 10. Johnson & Johnson said that it has reached a deal with the Trump administration to lower drug prices for Americans in exchange for U.S. tariff exemptions. This follows the White House’s pricing agreement announcements with nine other pharmaceutical giants last month, including Club holding Eli Lilly . I’ll be at JPMorgan’s Healthcare Conference next week, where I’ll interview management teams across the industry. 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.
