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Stocks rose on Wednesday, Jan. 31, erasing much of the previous day's losses following a promising outlook from from Boeing Co. (BA)  and ahead of a big day of tech earnings after the bell on Wednesday and Thursday.

Dow component Microsoft Corp. (MSFT)  , social media network Facebook Inc. (FB)  and telecommunications giant AT&T Inc. (T)  reported after the closing bell today, while Apple (AAPL)  , Amazon (AMZN)  and Alphabet (GOOGL)  will report tomorrow. Microsoft, Facebook, Apple and Alphabet are all holdings in Jim Cramer's AAP portfolio, by the way, if you are looking for more read-throughs on those specific stocks.

Speaking of the FANG stocks, one company that some sell-sides say could be either the next target for a big tech company or the next FANG-like investment was on the move Wednesday.

Shares of scrapbooking website Shutterfly Inc. (SFLY)  gained more than 20% after the company reported strong earnings and announced a deal to acquire Lifetouch school photography company for $825 million in cash.

"We believe the revenue and cost synergies are real, it will be accretive overtime, it expands the scale of the company, and in our view, raises the spector of an acquisition of SFLY in the future," wrote Aegis Capital's Victor Anthony in a note Wednesday morning. Anthony also has Shutterfly on its list of companies it envisions could delivery FANG-like returns.

The other three, you ask? Barry Diller's IAC/InterActiveCorp (IAC)  , Match Group (MTCH)  (formerly part of IAC) and eBay (EBAY)  .

Following the president's State of the Union address on Tuesday evening, shares of infrastructure stocks were on the move as investors steer into Trump's comments on a $1 trillion infrastructure spend.

But before you go piling your money into Caterpillar (CAT) , Cemex (CX)  or Deere (DE)  or even the iShares Global Infrastructure ETF (IGF)  you should probably give Bruce Kamich, our resident technical analyst, a ring.

Today, Bruce walks investors through the charts for the iShares Global Infrastructure ETF and the infrastructure segment as a whole. His findings might surprise you.

Also today, we watched as Janet Yellen presided over her final press conference as Fed Chair.

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Jim Cramer and the AAP team hold positions in Microsoft, Apple, Alphabet and Facebook for their Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells MSFT, AAPL, GOOGL or FB? Learn more now.

Photo of the day: Flying high

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If you're an investor in Boeing you must be feeling pretty good about yourself over the last 12 months as the aircraft maker soared more than 100% over that time. Well, Boeing investors were flying high like a Boeing B-17 over the Hudson (picture above circa 1940) on Wednesday as the company reported stronger-than-expected earnings and a robust outlook for 2018 and beyond. Meanwhile, the company is still in growth mode, as it continues to work toward an acquisition of Brazilian counterpart Embraer SA (ERJ) . Read More

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