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Quarterly earnings reports for our industrial stocks begin this week amid an uncertain operating environment. HON YTD mountain Honeywell (HON) year-to-date performance Honeywell and Linde are the first two of the group to report — on Thursday before the bell. This was positive to see and it's reasonable to expect a clean quarter led by aerospace, Honeywell's largest business. Linde has beat and raised for 18 consecutive quarters, and history is likely to repeat itself when the industrial gas company reports. EMR YTD mountain Emerson Electric (EMR) year-to-date performance Emerson Electric is the last of our industrial names to report, on Nov. 7 before the opening bell.

Persons: we're, Stanley Black, Decker, —, CNBC's Jim Cramer, it's, Jim, You've, Vimal Kapur, Linde, Jack Umpleby, Emerson, Jim Cramer's, Jim Cramer, Wang Chun Organizations: Caterpillar, Honeywell International, Emerson Electric, Linde, LIN, DuPont De Nemours, Honeywell, LSEG, Aerospace, Electric, GE, Club, U.S, Management, CAT, Act, DuPont, Electronics, Emerson, National Instruments, SWK, CNBC, Future, Getty Locations: North America, China, Lianyungang, East China's Jiangsu

The moves should bolster efficiency at both firms, amid an already-stellar year for the two Club holdings. Apple surpassed a $3 trillion market capitalization last month, but has since pulled back to a valuation of $2.94 trillion. Meanwhile, WedBush recently forecasted that Microsoft could also join the $3 trillion club by early 2024 on the back of its artificial intelligence capabilities. This round of Microsoft layoffs is much smaller than the cuts the company announced earlier this year, so it probably doesn't move the needle. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: WedBush, ChatGPT, Tencent, Jim Cramer's, Jim Cramer, Jim, RYU Organizations: Microsoft, Apple, Nasdaq, CNBC, Federal Trade Commission's, Activision, Getty, Visual China Locations: China, Washington, India, Seattle , Washington

Here's a breakdown of two analyst calls targeting Microsoft and Palo Alto, along with our take, too. "In this 'Game of Thrones' battle for AI market share we view the enterprise as the golden-goose opportunity, as we estimate the AI market opportunity is an $800 billion market over the next decade," the analysts argued. Palo Alto Networks The news: RBC Capital Markets on Wednesday bumped Palo Alto Networks' price target to $277 a share, from $232. Morgan Stanley said last week that Palo Alto was on its way to becoming the first cybersecurity company to notch a $100 billion market valuation. Privately held companies have been left to develop AI technology at breakneck speed, giving rise to systems like Microsoft-backed OpenAI's ChatGPT and Google's Bard.

Persons: Palo, Nikesh Arora, WedBush, Morgan Stanley, Jim Cramer's, PANW, Jim Cramer, Jim, Google's Bard, Lionel Bonaventure Organizations: Microsoft, Palo Alto Networks, Palo Alto, Alto, CNBC, Palo, RBC, Markets, Privately, Getty Locations: Palo Alto, OpenAI

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