My top 10 things to watch Tuesday, Oct. 28 1. Amazon this morning announced 14,000 corporate job cuts. UBS raised price target on the Club stock to $279 from $271. The analysts expect Amazon Web Services cloud unit growth of 18%. The previous quarter revenue was up 17%. Amazon reports earnings Thursday evening. 2. Will CEO Jensen Huang move up Nvidia stock with his GTC Washington keynote at noon ET today? In other chip news, Advanced Micro Devices won a key contract with the Energy Department for super computers. Meanwhile, Citi doubts Qualcomm’s big initiatives in artificial intelligence. 3. PayPal signed a deal with OpenAI to be the first payments service on ChatGPT Wallet. This is all part of OpenAI looking to build out ChatGPT into all verticals. PayPal reported a beat on earnings and revenue and raised guidance. The stock soared more than 16% on all the news. 4. The turnaround at United Parcel Service is taking hold. UPS crushes estimates with quarterly earnings; also beats on revenue. Current quarter revenue guidance also exceeded expectations. The company said it has cut 34,000 jobs in its operational workforce as part of its overhaul of the business. Shares jumped 12% this morning. 5. Celestica shares rose 11% this morning after the premier data center contract manufacturer blew out quarterly numbers. Raised full-year 2025 guidance and set a 2026 outlook that beat estimates. CEO Rob Mionis will be on “Mad Money” tonight. 6. High-tech glass maker Corning reported slight beats on quarterly earnings and revenue. The Club’s newest stock, however, fell more than 5% — perhaps because the beats were not as big as previous quarters. Plus, shares are up more than 80% year to year. We bought it for its promise in data center cabling and its expanded partnership with Apple . 7. Carrier beat on quarterly earnings not sales. It sees a $20 billion data center opportunity but cut forecasts. President Donald Trump thanked Carrier for offering to donate HVAC systems for the new White House East Wing. Carrier has been doing HVAC for the White House since 1930. 8. Citi raised its Palantir price target to $190 from $177 and kept its neutral rating. The analysts said it might be tough for the big data company with lots of government contracts to match last quarter’s upside. I totally disagree with this call. 9. UnitedHealth beat on quarterly earnings and revenue and raised forecasts. The Dow stock delivers after real turmoil. Has the company put the problems behind them? Durable growth. I have to believe the big investigations won’t be hurting them. Wall Street seems to think so, too, with the stock up more than 4% this morning. 10. Wayfair shares surged more than 14% after the online retailer reported much better than expected quarterly revenue and earnings. The company had been hurt by a belief that China tariffs will hurt. So far, not so much. Wayfair sees current quarter revenue up mid-single-digits year over year versus estimates of up 3.3%. 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.
