Latest news with #CNBCInvestingClub
CNBC
21 hours ago
- Business
- CNBC
Jim Cramer says buy this bank stock — plus Street analyst names Meta a top pick
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Friday's key moments. 1. The S & P 500 hit a new record high on Friday as investor optimism builds that trade deals are coming. The U.S. and China confirmed an agreement that would allow for rare earth exports along with easing of technology restrictions. Core PCE, the Federal Reserve's favorite measure of inflation, came in slightly ahead of expectations and bond yields are unchanged. "Basically, the data is not going to impact the market," Jim Cramer said. "We continue just to levitate higher in the market, [with] a lot of it being driven by AI," said Jeff Marks director of portfolio analysis for the Club. Magnificent Seven stocks are also making a big comeback, with portfolio name Amazon now in positive territory for the year. We took some profits in Disney Friday morning with the stock's return this year double that of the S & P 500. 2. Capital One acquisition of Discover puts it in a position to make more money from debit cards than its peers, according to a report in The Wall Street Journal. And yet, Capital One still trades at a major discount to rival American Express . "I think people should still be buying the stock," Jim said. The Club initiated a position in Capital One back in March, with a $250 price target. 3. Piper Sandler named Meta a top large cap pick and raised its price target on shares to $808 from $650. According to the analysts, Meta's AI investments are transforming advertising technology with tools that can push mid-teen revenue growth for multiple years. We recently wrote about the secret AI sauce behind Meta's huge stock rally since 2022. "It's my favorite right now of the mega caps," Jim said. "I don't think people realize how powerful this [Meta's ad tech] is." 4. Stocks covered in Friday's rapid fire at the end of the video were: Nike , JP Morgan , Bank of America , and Molson Coors . (Jim Cramer's Charitable Trust is long AMZN, COF, DIS, META. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
CNBC
2 days ago
- Business
- CNBC
Jim Cramer: These S&P 500 winners demonstrate the market's broad success
CNBC's Jim Cramer on Thursday said he wanted to demonstrate that a broad group of stocks are seeing gains, reviewing some of the day's best S&P 500 performers. "Everyone who warned you that the market was too narrow to go higher is now either closing out their short positions or getting their faces ripped off," he said. "Neither's a good thing." Here are stocks that helped lead the broad market index on Thursday: "For years, we were warned that our rallies were too narrow," Cramer said. "Now we've got a broad leadership group — today it was a solar, a couple of minerals, a crypto platform, two data center stocks, a utility, a biotech and a natural gas producer. That's what I call a real broad, bullish rally." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest The CNBC Investing Club holds shares of Nvidia.
CNBC
2 days ago
- Business
- CNBC
Tests of all the power needed to run AI chatbots back our case for 3 data center plays
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market moves: Stocks were trading higher again, and the S & P 500 was nearing its record close of 6,144 from Feb. 19. The Nasdaq 100 – an index made up of the 100 largest non-financial stocks listed on the Nasdaq stock market – has already hit record highs, powered by the recent surge in stocks tied to AI infrastructure and technology. Club stock Nvidia closed at a record high Wednesday and was on track to do it again. With only days left in June, Nvidia is our best month-to-date performer with a gain of more than 15%. Outside of tech, Club name Goldman Sachs ' over 14% monthly gain is a close second. AI power needs: Joanna Stern, technology reporter at The Wall Street Journal, wrote a fun article exploring the energy demands of AI prompts run on large language models like ChatGPT. Her process included visiting an Equinix -run data center in Virginia, which houses a "SuperPod" of Nvidia H100 graphics processing units (GPUs). The story mentions some rough estimates on the watt-hours used to execute a text, image, and video prompt on some models. The main takeaway from the story is that data centers are being built at an accelerated pace to keep up with demand, and those are going to require a lot of energy sources. The power needs aren't just from running the prompts – technology to keep the temperature of these GPUs cool is another major need. The story does a great job contextualizing why the data center power generation theme has been one of the strongest in the market over the past few years, and we're playing it in the portfolio through GE Vernova for its gas turbines and grid solutions, Eaton for its electrical power equipment, and Dover as a maker of thermal connectors used for liquid cooling. Private markets: BlackRock 's private market solutions are finding their way into retirement portfolios. On Thursday, the company announced it was selected by Great Gray Trust Company to provide an investment strategy across both public and private markets within target-date retirement funds. While the news isn't entirely surprising, it does offer further validation of CEO Larry Fink's long-term strategy. As we've noted before, BlackRock has made a major push into private markets through a series of multibillion-dollar acquisitions. With investors continually seeking ways to enhance returns, BlackRock believes that incorporating private market solutions into target-date funds could boost annual portfolio performance by 50 basis points over the lifecycle of the fund. That's a meaningful lift when projected over a 40-year horizon. For BlackRock, private markets also command significantly higher fees than traditional index funds — underscoring the economic appeal of this strategy. Shares of BlackRock have had a strong week to date, gaining more than 5%. The market's return to its highs may have something to do with it. Higher values in investment accounts translate into more fee income. Up next: Nike reports after Thursday's close, providing a look into the health of the consumer in both the U.S. and China. There are no major earnings reports on Friday morning. On the data side, before Friday's opening bell, we'll get the Fed's preferred inflation gauge in the personal consumption expenditures (PCE) price index. Later in the morning, it's the final read on June's University of Michigan consumer sentiment survey, looking at their feeling about the economy and inflation. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
CNBC
2 days ago
- Business
- CNBC
Why Micron shares are down after the chipmaker's big earnings beat and raise
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Thursday's key moments. 1. Stocks are higher Thursday as the S & P 500 nears a record high . The broad market index is up over 20% from its historic lows back in April after President Donald Trump announced his "Liberation Day" tariffs on trading partners. The latest evidence is durable goods orders for May. They were up 16.4% — nearly double estimates. That was the biggest one-month gain in 11 years. Interest rates are also slightly lower. San Francisco Federal Reserve President Mary Daly told Bloomberg that cuts look promising for the fall if tariff impacts are minimal. 2. Micron shares dipped slightly despite the chipmaker posting strong quarter earnings Wednesday. "It's profit taking," Jim Cramer said. The company's revenue, gross margin, and earnings per share all beat Street estimates. Micron's data center revenue more than doubled in the first quarter due to heightened demand for high bandwidth memory. "People always say it's boom or bust and that's why they're selling it now. It's not because they are in the pole position for Nvidia data centers," said Jim. Broadcom was also up Thursday, as was Nvidia, which is building on a new record high set Wednesday. 3. Analysts at Deutsche Bank raised their price target on Starbucks to $105 from $97, noting the coffee chain's investment in its labor force is the right strategy to improve its performance. "You're not going to wake up one day and see Starbucks up 25% because they delivered a good quarter," Jim said. Instead, Jim said investors can expect slow growth as CEO Brian Niccols tries to execute a successful turnaround like he did at Chipotle . "He [Brian Niccols] continues to simplify, which is very smart," said Jim. 4. Stocks covered in Thursday's rapid fire at the end of the video were: McCormick , Trade Desk , and General Mills , and AeroVironment (Jim Cramer's Charitable Trust is long AVGO, NVDA, SBUX . See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
CNBC
3 days ago
- Business
- CNBC
Jim Cramer lists five market sectors he thinks are working right now and five that are not
CNBC's Jim Cramer on Wednesday picked out five sectors that he thinks are performing well in the current economic environment, and he gave five he thinks are lagging behind. "Things can always change, but for the moment, I expect the winners to keep winning and the losers to keep losing," Cramer said. Here are Cramer's five winners: Here are Cramer's five losers: "Now you know the five ins and the five outs of what's working in this market," he said. "Whenever we have downdrafts — even intraday downdrafts — remember what's been working and what hasn't." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest The CNBC Investing Club holds shares of CrowdStrike, Palo Alto Networks. Broadcom, GE Vernova, TJX and Nvidia.
