My top 10 things to watch Thursday, Oct. 16 1. Salesforce issued better-than-expected 2030 guidance and said it will return to double-digit organic revenue growth. Very important. It was perceived to be impossible because AI was hurting its other businesses while its own AI product, Agentforce, wasn’t catching on one year later. Shares jumped more than 6% this morning. 2. Strong quarter from chipmaking giant TSMC , which raised its 2025 revenue growth outlook to the mid-30% range, up from the 30% expected in July. The maker of Nvidia and Apple’s chips is also expecting Q4 operating margin in the 49% to 51% range. That’s where you get a stupendous return. AI demand is stronger than where it was three months ago. 3. Bank of New York Mellon delivered a great third quarter, as we thought. It grew earnings per share by 25% and revenues by 9%. It’s a genuine technology powerhouse, not just an old-fashioned clearing firm. That is the doing of CEO Robin Vince. BNY is a player in crypto, just like Club name BlackRock , which has deepened its push in digital assets . 4. Wall Street is looking for its second winning day in a row. Another strong batch of earnings this morning is providing additional support for a market on edge about rising U.S.-China trade tensions. There remains no end in sight for the government shutdown. The Philly Fed manufacturing index for October came in soft. 5. J.B. Hunt turned in a surprisingly good quarter last night, fueled by margin-driven strength. The trucking and logistics firm landed a slew of price target bumps in response. Bank of America went to $175 a share from $153 and kept its buy rating. 6. Meta Platforms poached another AI specialist from Apple, Bloomberg reported . Only a few weeks ago, Ke Yang had been elevated to lead a team working on improving the AI capabilities of voice assistant Siri. Meta chief Mark Zuckerberg is aggressively courting AI talent. We own both Meta and Apple for the Club. 7. Wells Fargo was incredibly negative about Starbucks in an analyst note rounding up its top Q3 restaurant picks, noting low expectations and “rising doubts.” However, the firm did say the coffee giant’s restructuring puts a floor on EPS downside, meaning the downside may be overdone. I talked to CEO Brian Niccol on “Mad Money” last night, and he assured me the company is making progress and that the stock price will follow. 8. Goldman Sachs started Celestica with a buy rating and a $340 price target. This is the strongest manufacturer in the world. The analysts pointed out that Celestica also supplies equipment for data centers, making it a beneficiary of the AI boom. Shares have gained nearly 200% year to date. In February, I said its pullback was overdone . 9. Mizuho raised its price targets on semiconductor equipment providers Applied Materials and Lam Research . The analysts kept a neutral rating on AMAT and an outperform buy on Lam. The reason for the PT bumps on each was the same: The analysts see upside to wafer fab equipment and raised their 2026 earnings estimates. 10. Bernstein downgraded Lululemon to hold from buy. Analysts are moving to the sidelines on the athleisure maker until they see a clear uptick in average selling prices or signs that its new product assortment is resonating. Lulu’s star has dimmed and competition is fierce. 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.
