My top 10 things to watch Thursday, Aug. 28 1. Nvidia is accelerating when others say slowing. Beat and raise quarter . Who is right, the company or the critics who want you to trade it, not own it? The concept of “long-thinking” driving compute demand. New verticals galore. Core growth is extraordinary. On the earnings call, CFO Colette Kress said the GB300, in the Blackwell architecture, has been “seamless for major cloud service providers.” Vera Rubin will be ready next year. CEO Jensen Huang said that bringing a Blackwell AI chip to China is a “real possibility.” The Club stock was down modestly this morning. 2. Did you catch the mention of Club name Eli Lilly on the Nvidia earnings call? Kress said Lilly is using RTX PRO servers for drug discovery. That’s about looking through every written piece of information and then putting through every permutation to come up with initiatives. 3. CrowdStrike reported clean beats for the quarter . The cybersecurity company guided full-year earnings per share but not revenue. The stock dropped 3%. The key metric for the Club name is annual recurring revenue (ARR), and management said the quarter increased their conviction in achieving at least 40% year-over-year net-new ARR growth for the back half of the fiscal year. 4. How did Snowflake steal the night on earnings? Because not everyone knows how to use AI, and Snowflake does, which is why it has so many clients. They, too, are championing Microsoft’s Azure as a faster growing AI business than Amazon’s cloud. I think Amazon Web Services was accelerating. Time will tell. Snowflake shares were soaring 13.5% this morning. 5. Chipotle is working hard to get to where other restaurants are whether casual, sit-down, or take-out. But do they have a plan? Very tough to tell. The stock’s multiple can’t expand in these circumstances. Must the hammer come down? On “Mad Money” last night , CEO Scott Boatwright said, “We’re confident in our strategy and our plan.” 6. CSX has been the best-performing rail stock since CEO Joe Hinrichs took over; sans Norfolk Southern’s run up to the takeover, as it was reported by us that it could happen. Yet he is ridiculed by Ancora, a hedge fund even nastier than I was in “Confessions of a Street Addict.” I thought I was the benchmark. Hinrichs said on “Mad Money” last night : “We’ll open all possibilities to create value for shareholders.” 7. Williams-Sonoma is a textbook case of overcoming pretty much everything President Donald Trump has thrown at private industry and yet keeps on ticking. Lots of analyst price target hikes after last night’s quarterly beat and guidance raise. JPMorgan goes to $215 per share from $168 and kept its neutral rating. The analysts said guidance looks conservative. 8. Urban Outfitters ‘ quarter was great. But can “great” propel a stock up more than 40% year to date? I would say it might have to rest. Shares were down 3% this morning. Still, I like the stock and Urban Outfitters’ model, as all segments have turned up. 9. The turnaround at the most unlikely Five Below continues through dint of great management. Really extraordinary turn. The discount retailer reported a quarterly earnings and revenue beat and forward guidance on both that was above expectations. Shares rose nearly 4% this morning. 10. Dollar General blew out the numbers and raised guidance. The stock jumped more than 4%. How could the analysts be so wrong? They are wrong on all of the so-called value stocks like Dollar General, Dollar Tree , and the aforementioned Five Below. They were wrong on Club name TJX Companies , too, I might add. 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.
