The Club’s 10 things to watch Friday, Aug. 29 — Today’s e-newsletter was written by Jeff Marks, the Club’s director of portfolio evaluation. 1. The S & P 500 is on tempo for a decrease open to end out the week after closing yesterday at a report excessive. There have been no main fireworks from the launch of the private consumption expenditures (PCE) index, which is the Fed’s most popular measure of inflation, with July’s figures rising in line with expectations. 2. Dell shares fell 7% this morning regardless of reporting a high and backside line beat. It additionally raised its full-year income outlook by $4 billion and the midpoint of its full-year earnings outlook to $9.55 a share from $9.40. Both have been above consensus. However, Dell booked $5.6 billion of AI server orders, down from $12.1 billion final quarter, and working margins in its infrastructure enterprise have been under consensus. 3. Marvell Technology shares tumbled virtually 14% in the premarket after the chip firm reported lackluster outcomes, with income and adjusted earnings per share matching expectations. Data middle income elevated 3% quarter over quarter, lacking steering of mid-single-digit progress. Bank of America downgraded to the stock impartial on decrease confidence in its progress runway. 4. Shares of retailer Gap Inc. have been risky since reporting a blended quarter yesterday evening, however are increased this morning. Comparable gross sales elevated by 1%, lacking estimates, however the weak point was virtually completely due to Athleta. Monthly gross sales cadence additionally improved as the quarter went on, a optimistic signal. Banana Republic circled from final quarters. Tariffs are anticipated to be an even bigger headwind than beforehand thought. 5. Caterpillar mentioned in a securities submitting yesterday night it now sees its full-year adjusted working revenue margins to be close to the backside of the goal vary after updating the affect of tariffs. Oppenheimer lowered its worth goal to $480 from $493. Shares slipped round 2.5% in the premarket. 6. Chinese tech big Alibaba missed on whole gross sales however the market is concentrated on its accelerating cloud income progress, sending NYSE-listed shares up over 4% this morning. The Wall Street Journal can also be reporting the firm has developed a extra versatile AI chip, in half to fill a void left by Club title Nvidia , which faces geopolitical challenges promoting into the nation. 7. PepsiCo is rising its stake in the vitality drink firm Celsius Holdings . Pepsi will now personal 11% of the firm by means of its buy of convertible most popular stock. Also as a part of the settlement, its lately acquired Alani Nu model will transfer into Pepsi’s distribution system in the U.S. and Canada. 8. Affirm shares soared 16% this morning after the purchase now, pay later firm reported robust quarterly outcomes and guided fiscal 12 months 2026 gross merchandise quantity above estimates. The stock has already greater than doubled off its April lows. 9. Elastic , which calls themselves the “Search AI company,” reported better-than-expected gross sales and a wholesome adjusted gross margin beat, main to robust earnings. The Netherlands-based agency, which went public in 2018, additionally lifted its full-year steering. Shares added greater than 8% this morning. 10. Ulta Beauty shares rose after reporting a better-than-expected quarter. Comparable gross sales elevated by greater than 6%, topping estimates of about 3%. The cosmetics retailer additionally raised its full-year outlook. Analysts had been more and more optimistic on this title into the print. Sign up for my Top 10 Morning Thoughts on the Market e mail e-newsletter totally free (See right here for a full listing of the shares at Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you’ll obtain a commerce alert earlier than Jim makes a commerce. Jim waits 45 minutes after sending a commerce alert earlier than shopping for or promoting a stock in his charitable belief’s portfolio. If Jim has talked a few stock on CNBC TV, he waits 72 hours after issuing the commerce alert earlier than executing the commerce. 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.