Jim Cramer’s Top 10 Things to Watch in the Stock Market on Thursday

Jim Cramer’s Top 10 Things to Watch in the Stock Market on Thursday

The price of Bitcoin exceeds $100,000 for the first time, as seen on a screen at a cryptocurrency exchange in Hong Kong on December 5, 2024.

Paul Yeung | Bloomberg | Getty Images

My top 10 things to see on Thursday December 5th

1. Shares of companies that hold and facilitate cryptocurrency trading rose sharply Bitcoin exceeded the $100,000 mark for the first time ever. Microstrategy Shares rose 9%. Robinhood And Coinbase rose by 7.5% and 5%, respectively. Bitcoin’s rally, which is up around 140% year to date, accelerated after crypto supporter Donald Trump won the presidential election.

2. A total of 224,000 initial jobless claims were filed last week, more than economists expected. Thursday’s claims data came a day after weaker-than-expected ADP private payroll data and ahead of the government’s employment figures release on Friday. Bond yields rose on Thursday, putting pressure on stocks one after the other S&P 500 record.

3. CostcoSame-store sales rose 4.9% in November excluding gasoline and excluding currency. E-commerce fell 2.5%. Costco estimates that its online business was negatively impacted by an estimated 15 percentage points due to Black Friday and Cyber ​​Monday occurring later in the year compared to 2023. Shares were trading at all-time highs.

4. Five down Shares rose 15% after the discount retailer reported much better-than-expected earnings per share (EPS) and revenue. Same-store sales rose 0.6% versus an expected 4% decline. The company raised its full-year forecast for earnings per share and sales and expects same-store sales to decline less than expected.

5. Dollar General reported a pretty good quarter. The stock rose. The company said its primary customer was financially constrained. rival Dollar tree Earlier this week, the company delivered a strong quarter and several Wall Street analysts raised their price targets on the company, which includes the Family Dollar chain.

6. American Eagle Outfitters However, shares fell 13% after the clothing retailer’s mixed quarter. Earnings per share exceeded and sales slightly missed. Management said this year’s shift in the holiday shopping calendar weighed on sales in the reported quarter and contributed to a lower forecast.

7. Shares of PVHthe company behind Calvin Klein and Tommy Hilfiger, fell 6% after reporting weaker-than-expected EPS and revenue growth forecasts for the current quarter. The outlook for the full year was also weak. In the reported quarter, Tommy Hilfiger’s sales exceeded sales, but Calvin Klein lagged behind.

8. Discount retailer TJX Analysts have raised their price targets several times, citing positive momentum at the start of the holiday shopping season after a strong quarter. Baird analysts cited robust consumer traffic, a wide variety of inventory and strong marketing as reasons for increasing their price target on Club stock to $138 per share from $133.

9. Disney increased its dividend by 33% after a hugely successful year that included the club holding’s latest blockbuster, “Moana 2.” Summer releases “Inside Out 2” and “Deadpool & Wolverine” have each grossed over $1 billion at the box office. This Christmas, Disney’s “Mufasa” from the series “The Lion King” should be big.

10. Metaplatforms plans to invest $10 billion to build an artificial intelligence data center in Louisiana. The announcement late Wednesday came a day after the club name said it was accepting proposals from nuclear energy companies to advance AI efforts.

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