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Jim Cramer’s top 10 things Thursday: Stock drop, Micron, AMC

My top 10 things to watch Thursday, Dec. 22, 2022

1. US stock futures point to lower open, one day after a powerful rally on Wall Street. Back-to-back gains for the Dow, the S&P 500 and the Nasdaq, which all rose Wednesday about 1.5%. Final look at third-quarter GDP revised higher to 3.2% from 2.9%.

2. Micron Technology (MU) is real bad because of Samsung. Do not hold your breath. Micron cuts 10% of workforce; suspend bonuses in 2023. Casualty of severe overbuild. Wider than expected loss and a revenue miss. MU down 3.5% in the premarket. Other chipmakers — including Nvidia (NVDA), Advanced Micro Devices (AMD) duck Qualcomm (QCOM) — down in sympathy but not as much.

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