Latest news with #MorningMeeting
CNBC
18 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
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
4 days ago
- Business
- CNBC
Our data center buildout stocks are hot — plus, 1 name to own despite China questions
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 Tuesday's key moments. 1. U.S. stocks jumped and oil prices declined again Tuesday as Wall Street speculated that a ceasefire between Israel and Iran would hold. The S & P 500 advanced about 1%, while the tech-heavy Nasdaq rose nearly 1.5%. U.S. crude oil futures dropped another 5% on top of Monday's over 7% decline. "We have to sell some stuff," and book profits after such a big run higher in the stock market, Jim Cramer said. Shortly after the Morning Meeting, we sent out out trade alert on trims to our CrowdStrike and Eaton positions. 2. Wall Street loves our data center plays. Morgan Stanley analysts raised GE Vernova's price target to $511 from $422 apiece on Tuesday. HSBC upgraded chipmaker Broadcom to a buy from a hold rating. Jim pointed to Broadcom as a Club holding he would consider trimming following an "incredible run." Shares of Broadcom jumped more than 3.5% on Tuesday. GE Vernova stock edged slightly higher to just above $500 per share. Jim sees more upside for GE Vernova. "It's going to the moon," he said, but added it's not a meme stock. 3. Starbucks on Tuesday denied a media report that it's considering a full sale of its China operations. Instead, the coffee giant said in a statement that it sees "significant long-term potential in the market." China is Starbucks' second-largest market, but it has struggled as cheaper domestic rivals have been capturing market share. Still, we're not concerned and think the company's turnaround story under CEO Brian Niccol is still underway. "I continue to believe that Starbucks is a stock you want to own," Jim said. 4. Stocks covered in Tuesday's rapid fire at the end of the video were: Amgen , Visa, Lyft , and KB Home (Jim Cramer's Charitable Trust is long SBUX, AVGO, GEV. 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
11-06-2025
- Business
- CNBC
Cramer's advice after Starbucks' parabolic gains, plus Disney stock's next move
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 Wednesday's key moments. 1. U.S. stocks rose slightly Wednesday, the session "defined by a CPI that was very benign," said Jim Cramer. Consumer prices for the month of May came in below estimates, though shelter was a sticking point. Jim cited housing inflation as the reason why bond yields are relatively unchanged. Meanwhile, in trade news, President Donald Trump confirmed via Truth Social that an agreement with China was reached. According to the president, China will supply more rare earth materials and will face a 55% tariff rate. Trump noted the agreement is subject to final approval with himself and China President Xi Jinping . 2. Coffee chain Starbucks is up nearly 4% Wednesday after the Financial Times reported that the Club name has garnered tons of interest in its efforts to sell a stake in its China operations. The stock has made "a parabolic move," Jim said, since he suggested buying it when shares were in the $70's to low $80's. Investors who bought in at the time of his recommendation should "feel free to take some profits," he said. "Maybe you want to sell half up here [roughly $94 at midday] and let the rest run." As long-term owners, "we're not touching it," as we have faith in Brian Nichol's ability to turn the company around. 3. Disney is another Club name that's seeing a bit of momentum on the heels of a price target increase to $125 from $120 at Bernstein, pointing to a sum-of-the-parts valuation at $132 per share. Though Jim sees no path for a break up of the company, he agrees with the price target boost. "I think the stock can go to $125 before it even begins to get too expensive," he said. Disney announced Tuesday that it's taking full ownership of Hulu from NBC. 4. Jim called GE Vernova the best stock for investors who want exposure to the nuclear industry. The stock is up roughly 3% Wednesday. "The only consistent builder, the only one that has a lot of orders is who we own," he said. Jim acknowledged that the stock is expensive, hovering at about $480. "I wish they'd split the stock," he added. The Club first initiated a position in GE Vernova back in May due to its importance in powering data centers. (Jim Cramer's Charitable Trust is long DIS, GEV, 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
10-06-2025
- Business
- CNBC
Texas Roadhouse shares fall after CFO departs. Here's where Jim Cramer stands on the stock now
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 Tuesday's key moments. 1. The stock market is slightly higher on Tuesday. Investors "just want to wait for what happens with the trade talks," Jim Cramer said, as U.S. and Chinese officials meet for a second day in London. "I beg to differ," Jim said, explaining that there are other dynamics in the market to follow closely. That includes tame interest rates and a pickup in oil prices. "The economy may not be hurt as badly as we think," Jim said. "You have to start thinking beyond tariffs and saying that there are a lot of companies that have adjusted to it and that we are pricing them in." 2. Taiwan Semiconductor Manufacturing Co. shares are up a little over 2% after reporting solid May sales Tuesday morning. Wedbush analysts said TSMC's second-quarter revenue is on pace to exceed estimates, a positive sign for Club name Nvidia , which relies on the company to make its leading AI chips. Shares of Nvidia aren't moving much Tuesday, but Jim said that's because the company is "caught in the vortex of the trade talks." Director of Portfolio Analysis Jeff Marks noted that DuPont's electronic business supplies to TSMC, so the sales data is a positive sign for that Club name. "It's a good sign for everything [in the chip industry]," added Jim, citing positive stock reactions from AMD , Texas Instruments , and Micron . 3. Meanwhile, Texas Roadhouse shares fell roughly 2.5% Tuesday after announcing the departure of CFO Chris Monroe. While this kind of news always catches our eye, Jim said the company's statement suggests Monroe was not fired for cause and is simply moving back to Texas after two years at the Kentucky-based restaurant chain. Given the way the stock is reacting, Jim said: "You buy Texas Roadhouse if you don't already own it." The company is searching for a successor, while its vice president of finance, Keith Humpich, serves as the interim CFO. The Club made its last two purchases of Texas Roadhouse in April amid tariff turmoil, then booked some profits in May. 4. Stocks covered in Tuesday's rapid fire at the end of the video were: JM Smucker and Casey's General Stores . (Jim Cramer's Charitable Trust is long AAPL, DD, NVDA, TXRH, 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.
