Jim Cramer’s top 10 things to watch in the stock market Thursday

My top 10 things to watch Thursday, Oct. 12 The consumer price index for September comes in hotter than expected. (Much like producer prices did Wednesday.) CPI sends bond yields higher and puts some pressure on futures tied to the Dow , the S & P 500 and the Nasdaq . The Fed on Wednesday released minutes from its September meeting, saying interest rates will stay “restrictive” until inflation eases. Delta Air Lines (DAL) lowers full-year earnings guidance and cut free cash flow estimate. But we knew that would happen due to rising fuel prices. The reported quarter beat on earnings and revenue, boosted by summer travel. Walgreens (WBA) makes quarterly revenue number. But they are from the previous regime under Roz Brewer who abruptly left. Misses on earnings. Cuts estimates as it should. Health industry veteran Tim Wentworth announced Wednesday as new CEO. Officially takes over Oct. 23. Club name Estee Lauder (EL) price target cut at Barclays to $137 per share from $162. I said Wednesday during the Club’s October Monthly Meeting that patience is required but bet on CEO Fabrizio Freda to turn things around. Here’s a rapid-fire update on the 35 other stocks in our portfolio. The United Auto Workers union expands Ford (F) strike, with a work stoppage at the company’s largest plant. The Kentucky facility makes highly profitable SUVs and pickups. Bank of America estimates the walkout there will have a 5-cent per week drag on earnings per share. Truist upgrades Exxon Mobil (XOM) to buy from hold and raises price target to $131 per share from $110. Cites longer benefits of the acquisition of Pioneer Natural Resources (PXD). After the deal was announced Wednesday, we revealed why we’re going to move on from PXD as soon as our Club trading rules allow. Goldman Sachs lowers Amazon (AMZN) price target to $175 per share from $180. We addressed the great strides Club name Amazon has made in cutting costs. I think the FTC antitrust lawsuit is baseless. Jeff Marks, director of portfolio analysis for the Club, and I answered this and nine other member questions during the Monthly meeting. Check it out . Barclays raises Johnson & Johnson (JNJ) price target to $162 per share from $158. J & J paid $16 billion for heart pump maker Abiomed in December. Questionable how many procedures it will do now because of GLP-1s, those new diabetes/weight-loss drugs. Procter & Gamble (PG), also a Club holding, gets price target cut to $154 per share from $166 at Barclays. Bernstein also cut PT to $153 from $162. GLP-1 concerns about snack food impact. But P & G has grooming, cleaning and personal health products that are insulated. Domino’s Pizza (DPZ): U.S. same-store sales down 0.6% in the third quarter. International up 3.3%, excluding currency. Store growth on plan or slightly below. Not good as growth of franchisees is where the money is. Q3 earnings beat but revenue missed. 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.

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.