My high 10 issues to look at Thursday, Oct. 16 1. Salesforce issued better-than-expected 2030 steerage and stated it should return to double-digit natural income progress. Crucial. It was perceived to be unattainable as a result of AI was hurting its different companies whereas its personal AI product, Agentforce, wasn’t catching on one yr later. Shares jumped greater than 6% this morning. 2. Sturdy quarter from chipmaking big TSMC , which raised its 2025 income progress outlook to the mid-30% vary, up from the 30% anticipated in July. The maker of Nvidia and Apple’s chips can be anticipating This autumn working margin within the 49% to 51% vary. That is the place you get a stupendous return. AI demand is stronger than the place it was three months in the past. 3. Financial institution of New York Mellon delivered an ideal third quarter, as we thought. It grew earnings per share by 25% and revenues by 9%. It is a real know-how powerhouse, not simply an old style clearing agency. That’s the doing of CEO Robin Vince. BNY is a participant in crypto, similar to Membership identify BlackRock , which has deepened its push in digital property . 4. Wall Road is on the lookout for its second successful day in a row. One other sturdy batch of earnings this morning is offering further assist for a market on edge about rising U.S.-China commerce tensions. There stays no finish in sight for the federal government shutdown. The Philly Fed manufacturing index for October got here in gentle. 5. J.B. Hunt turned in a surprisingly good quarter final evening, fueled by margin-driven energy. The trucking and logistics agency landed a slew of value goal bumps in response. Financial institution of America went to $175 a share from $153 and stored its purchase ranking. 6. Meta Platforms poached one other AI specialist from Apple, Bloomberg reported . Only some weeks in the past, Ke Yang had been elevated to steer a staff engaged on bettering the AI capabilities of voice assistant Siri. Meta chief Mark Zuckerberg is aggressively courting AI expertise. We personal each Meta and Apple for the Membership. 7. Wells Fargo was extremely adverse about Starbucks in an analyst be aware rounding up its high Q3 restaurant picks, noting low expectations and “rising doubts.” Nonetheless, the agency did say the espresso big’s restructuring places a ground on EPS draw back, which means the draw back could also be overdone. I talked to CEO Brian Niccol on “Mad Cash” final evening, and he assured me the corporate is making progress and that the inventory value will observe. 8. Goldman Sachs began Celestica with a purchase ranking and a $340 value goal. That is the strongest producer on this planet. The analysts identified that Celestica additionally provides gear for knowledge facilities, making it a beneficiary of the AI growth. Shares have gained almost 200% yr thus far. In February, I stated its pullback was overdone . 9. Mizuho raised its value targets on semiconductor gear suppliers Utilized Supplies and Lam Analysis . The analysts stored a impartial ranking on AMAT and an outperform purchase on Lam. The rationale for the PT bumps on every was the identical: The analysts see upside to wafer fab gear and raised their 2026 earnings estimates. 10. Bernstein downgraded Lululemon to carry from purchase. Analysts are transferring to the sidelines on the athleisure maker till they see a transparent uptick in common promoting costs or indicators that its new product assortment is resonating. Lulu’s star has dimmed and competitors is fierce. Join my Prime 10 Morning Ideas on the Market e-mail publication free of charge (See right here for a full checklist of the shares at Jim Cramer’s Charitable Belief.) As a subscriber to the CNBC Investing Membership 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 inventory in his charitable belief’s portfolio. If Jim has talked a couple of inventory 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.