My top 10 things to watch Friday, Nov. 13 1. Futures are higher this morning after the October producer price index came in lighter than expected, rising 0.3% month over month versus the 0.4% consensus. Dow futures are up 200 points, while the S & P 500 and Nasdaq are also set to open higher. Still, the hottest annual PPI in nearly four years. Bond yields are up. 2. Colette Kress is not a "deer in the headlights," contrary to what Jensen Huang, according to The Wall Street Journal, said about her during a meeting. The Nvidia CFO and now-interim CEO is a heavyweight finance executive. What if Kress was just asking questions of Huang around all these backstops and financing deals that nobody else was willing to ask? 3. After dropping 4% yesterday on news of Huang's resignation, Nvidia shares are trying to mount a little rally this morning. Up over 2% premarket. Still plenty we don't know about the affair scandal, specifically around Huang's relationship with a suspected Chinese spy. But what I know for sure is that…
Jim Cramer's top 10 things to watch in the stock market Friday
In short
U.S. stock futures pointed toward a positive open after October's producer price index increased by 0.3%, coming in below market forecasts despite reaching its hottest annual pace in nearly four years. Technology equities are seeing volatile moves, with Nvidia rebounding under interim leadership following executive departures and Cerebras Systems surging after securing a Microsoft partnership. Meanwhile, retail stocks face a mixed landscape as analysts adjust targets due to slowing discretionary home improvement spending.
Key points
- Wholesale inflation data showed a cooler monthly pace but reinforced underlying pressures…: Wholesale inflation data showed a cooler monthly pace but reinforced underlying pressures with the hottest annual rate in nearly four years.
- Executive shakeups and new commercial partnerships are driving significant premarket pric…: Executive shakeups and new commercial partnerships are driving significant premarket price dispersion among prominent semiconductor companies.
- Wall Street analysts are taking a more cautious stance on home improvement retailers as c…: Wall Street analysts are taking a more cautious stance on home improvement retailers as consumer spending on residential projects slows down.