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

My top 10 things to watch Thursday, June 4 1. The S & P 500 is headed for a lower open, led by a decline in chip stocks after Broadcom failed to raise guidance enough. The Club stock is sinking 15% this morning. Investors are also monitoring developments in the Middle East as the U.S. and Iran exchanged airstrikes. The S & P 500 is on track to have its first down week in the past 10. 2. On Broadcom , the reason we sold some earlier this week is that we knew that there was nothing management could do that would be good enough to please the Street's lofty expectations. The issue was AI conservativism. Why did Broadcom CEO Hock Tan hold back? Oppenheimer and JPMorgan hiked their price targets; we did, too. UBS analysts cut theirs. 3. CrowdStrike 's beat-and-raise quarter was actually great despite a nearly 10% stock drop. The key stat was a full-year guide to 27.7% growth in net new annual recurring revenue, a 5.2-percentage-point increase over prior guidance, which is extraordinary. I think that the Club stock would have sold off no matter what the company said. There are tons of price target increases on Wall Street, including our own . 4. With Anthropic announcing its intention to go public , many stocks must be sold to raise enough money to fund this massive offering, and those coming up from SpaceX and OpenAI. The Street is oblivious to this fundraising problem, which I have been talking and writing about. It will take the market down. 5. …