10 issues to observe Friday, July 25 — CNBC’s Jeff Marks wrote at present’s e-newsletter. 1. Shares had been regular this morning as we head into the final session earlier than the weekend. The S & P 500 posted a slight achieve yesterday and closed at a file excessive. 2. Intel reported a messy quarter. The chipmaker plans to cancel foundry tasks that new CEO Lip-Bu Tan referred to as “extreme and unwise.” The inventory dropped 8%. 3. Forward of earnings, JPMorgan downgraded Procter & Gamble to impartial on “lackluster” expectations and upgraded Estee Lauder to an obese purchase on hopes for higher than feared outcomes. 4. Deckers Out of doors reported a better-than-expected quarter due to gross sales of Uggs and Hoka. The inventory soared 11.5%. 5. Centene shares initially plummeted after reporting a loss within the second quarter. However the inventory reversed 6% increased this morning. Analysts had been on the lookout for a revenue. 6. Edwards Lifesciences reported a beat and lift. The inventory jumped 7.5%. 7. Jefferies downgraded Norfolk Southern to carry and upgraded Union Pacific to purchase as the 2 railway firms interact in merger talks. 8. Ulta Magnificence was downgraded to carry at Loop Capital on account of valuation. The analysts aren’t bearish on the basics. 9. Piper Sandler initiated protection on Palantir , beginning with an obese purchase score and $170-per-share value goal. The analysts mentioned it has a “one-of-a-kind progress + margin mannequin.” 10. Financial institution deal: Pinnacle Monetary to merge with Synovus Monetary . Each shares had been down. However, it’s one other optimistic signal for M & A in a deregulatory surroundings underneath the Trump administration. Join my Prime 10 Morning Ideas on the Market electronic mail e-newsletter without cost (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 few 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.