The Club's top 10 things to watch in the stock market Friday

My top 10 things to watch Friday, Aug. 14 — Club portfolio director Jeff Marks wrote today's newsletter. 1. Stocks are headed for a mixed open following Thursday's record S & P 500 close. Oil is slightly higher after Treasury Secretary Scott Bessent said in an interview with Newsmax that the U.S. is preparing economic measures against Iran that "have never been seen." Bond yields are steady after yesterday's second tepid inflation report of the week. 2. Applied Materials posted strong earnings but failed to meet high short-term expectations, sending the stock down nearly 6% this morning. Sales were up 25% year over year, and adjusted earnings per share (EPS) came in at $3.50 versus the $3.42 expected. The semiconductor equipment maker guided revenue to $10.25 billion and adjusted EPS to $4.02. 3. Sandisk shares are extending Thursday's big gains after a bullish analyst meeting. The stock is up another 6% after yesterday's 13.7% surge. JPMorgan put a buy rating on Sandisk, citing how the company's long term agreements reset margins higher and reduce cyclicality. The stock was previously not rated at JPMorgan. Our newest Club stock Micron is also up this morning in the memory trade. 4. Reddit shares are surging 11.5% in the premarket this morning after getting the call to the show. It will replace AvalonBay Communities Inc. in the S & P 500 on Aug. 18. It's a welcome rally for Reddit, which has been struggling this year. The stock was down more than 30% year to date as of…