Jim Cramer’s top 10 things to watch in the stock market Friday

1. Job growth was stronger than expected in April despite worries over the impact of President Donald Trump’s trade policy. Nonfarm payrolls increased 177,000, slightly below the downwardly revised 185,000 in March but above the Dow Jones estimate for 133,000. The unemployment rate held at 4.2%. Stock futures are up on these really strong numbers. The S&P 500 is going for its ninth consecutive day of gains.

2. Apple on Thursday evening delivered good quarterly numbers, but can’t estimate beyond the “small” $900 million in added costs expected in the June quarter due to tariffs. Also worried about services miss —$26.65 billion reported versus the $26.7 billion estimate — and overhang of the Epic Games case and Google payments. Jeffries downgraded Apple shares to sell from hold, Rosenblatt to hold from buy. Bank of America trimmed its price target by 5 bucks to $240. Shares were down 3% in the premarket.

3. Amazon was just sensational and the alleged slowdown in cloud unit AWS had more to do with lack of capacity (more Nvidia please) than a lack of demand. This is definitively not like it was a few years back when there was a thought that it could go below 10% growth. Retail is strong and could get stronger in a recession. Amazing that China didn’t hurt it. Advertising coming on …

4. Chevron posted an earnings beat for the first quarter but cash flow from operations looked light: $5.2 billion vs. $6.8 billion estimate. The oil major said it would reduce is stock buyback by 30%. Net income also declined more than 30% from the comparable three-month period a year earlier. Shares declined 2%.

5. DuPont‘s quarter was better than expected on all cases. The electric business is doing very well, reminds me of Entegris, which sells at 24 times. That unit does materials management products and services to the microelectronics industry. Check your inboxes later for our full analysis of the Club stock’s quarter.

6. Reddit was the star of last night’s show with a beat and raise. The leverage here is immense. The social media company can keep adding pages and not have to add staff and its stuff is vital to the scraping of data for the bots. I think it needs bigger training deals, has one with Google and Open AI. Could be incredibly lucrative. Google pays it $60 million. Reddit has made about $200 million licensing its data. The stock jumped 6%.

7. Is Duolingo the best growth story out there? Shares of the language learning platform jumped 10% after it issued a better-than-expected revenue forecast. Piper Sandler raised its price target to $465 from $390.

8. Take-Two fell nearly 12% after announcing it will push out Grand Theft Auto VI’s release date to May 2026. It will cause selling, but I would buy the stock because the schedule is good anyway.

9. Eli Lilly defended by JPMorgan, says the sell-off on CVS-Novo news was way overdone. CVS is just not that important. Lilly’s oral GLP-1 pill is important. 

10. Wells Fargo downgraded Block to hold from buy. This was a very weak story, cash app doing badly, too. The financial technology stock plunged nearly 22% following softer-than-expected first-quarter revenue.  

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