Jim Cramer’s top 10 things to watch in the stock market Thursday: Fed, peak earnings, META

My top 10 things to watch Thursday, Feb. 2, 2023

1. The Federal Reserve is saying exactly what it should say, allowing all people to dream what they want to dream.

2. Bears at pivot as we are back to where we were at Jackson Hole moment in August when Powell pledged to continue to use its tools to attack inflation.

3. Thursday is the biggest single day of earnings this season for the Club, with nine of our holdings reporting — three before the bell and six after the close. $Apple(AAPL.US)$ $Alphabet-A(GOOGL.US)$ $Amazon(AMZN.US)$ $Starbucks(SBUX.US)$

4. Momentary tech ascendance in the market as quarterly results have not been as bad as feared. $Advanced Micro Devices(AMD.US)$

5. Meta Platforms $Meta Platforms(META.US)$ sounded like the mature company that we have been waiting for when it reported earnings on Wednesday after the bell. Beats on top and bottom lines.

6. Honeywell $Honeywell(HON.US)$ shares fell in the premarket on Thursday after reporting slight miss on revenue and a beat on adjusted earnings per share.

7. Brinker $Brinker International(EAT.US)$ , which owns and operates Chili’s, reported a strong quarter with margins returning to double digits.

8. Multiple price target boosts for Peloton $Peloton Interactive(PTON.US)$ .

9. Elevator company Otis Worldwide $Otis Worldwide(OTIS.US)$ says business in the eurozone is the strongest of any right now.

10. Merck $Remark Holdings(MARK.US)$ not good enough? Shares dipped more than 1% this morning despite beating estimates on the top and bottom lines.