The Club’s top 10 things to watch Friday, Feb. 13 — Today’s newsletter was written by Jeff Marks , the Club’s director of portfolio analysis. 1. Stock futures are little changed this morning after the January consumer price index report came in slightly cooler than expected. CPI rose 2.4% year over year, down from 2.7% in December and below expectations of 2.5%. Stripping out energy and food, core CPI rose 2.5%, matching expectations but down from 2.6% in December. 2. President Donald Trump is planning to roll back some tariffs on steel and aluminum, the Financial Times reported . Shares of U.S. steelmakers Nucor and Cleveland-Cliffs fell in premarket trading, as did aluminum producer Alcoa . 3. Applied Materials shares jumped 10% this morning after the semiconductor equipment maker reported a big sales and earnings beat and issued a strong outlook. Shares of Arista Networks , a competitor to Club name Cisco , rose 8% after a better-than-expected quarter. 4. Dutch Bros delivered fourth-quarter results that beat Street expectations, with same-store sales up 7.7% versus the 4.4% consensus. We prefer Starbucks at the Club, but Dutch Bros is also doing well as the Oregon-based coffee chain expands nationwide. 5. Bill Newlands is stepping down as CEO of Corona and Modelo brewer Constellations Brands , effective April 13. Nicholas Fink, who’s been chief executive at home-products maker Fortune Brands Innovations and on Constellation’s board, will succeed Newlands as CEO. 6. DraftKings shares plunged more than 15% after the sportsbook operator provided a disappointing 2026 revenue outlook and missed expectations on monthly users. The company is facing competitive threats from prediction markets. 7. HSBC upgraded Club name CrowdStrike to a buy from hold, and left its price target of $446 unchanged. Analysts pointed to the cybersecurity company’s AI growth and the stock’s attractive valuation. HSBC argued that CrowdStrike has a “leadership position in a mission critical, high growth area of cybersecurity and has multiple avenues to expand.” At the Club, we have a buy-equivalent 1 rating on shares. 8. Wells Fargo was upgraded to hold from sell at Baird. Analysts said the risk/reward in the bank stock looks better after the recent sell-off, with shares down over 7% year to date. Still, it’s not attractive enough for fresh money. Baird left its price target of $85 unchanged. 9. Coinbase ‘s fourth-quarter revenue slightly missed expectations amid a swoon in crypto prices, while reporting a net loss of $667 million. The profit figure was dented by a $718 million hit to the value of the company’s crypto asset portfolio. There was also a $395 million hit on strategic investments, which includes stablecoin issuer Circle. 10. A lot of quarterly reports in the travel and leisure markets. Casino operator Wynn Resorts missed on earnings yesterday. At the same time, Expedia beat Street expectations for earnings, but the online travel agency warned of “emerging AI-powered platforms” as a risk. Meanwhile, Airbnb delivered an upbeat revenue guide that prompted Deutsche Bank to upgrade the stock. 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.
