The CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream every weekday at 10:20 a.m. ET, where key moments from the market are discussed. Wall Street was lower after a wild week that featured rotations in and out of tech stocks. It’s a busy week ahead with a Fed meeting, earnings reports from 14 Club names, and the government’s jobs report on the schedule. Some of the key earnings to watch this week include Microsoft, Meta Platforms, Apple, and Amazon. Jim Cramer said these earnings will be impactful situations and previewed what to expect in his Sunday column.
On Monday, the Investing Club completed a number of trades, including one involving Starbucks, which is set to report earnings this week. Ahead of Apple’s earnings, Bloomberg reported that the tech giant is delaying its artificial intelligence software features, which will not be available when the new iPhone launches. Jim Cramer sees this delay as a positive for Apple, as it will elongate what is expected to be a robust upgrade device cycle. He also mentioned that Apple is not paying as much for AI compared to other companies, as many are eager to provide their AI technology to Apple.
Following a nearly $500 million verdict against Abbott Laboratories in a trial over the dangers of formula for premature babies, Jim Cramer called the situation a disaster but noted that the full impact is not yet priced into the company’s stock. Abbott has lost around $30 billion in market cap since a similar verdict against a competitor’s brand. Despite criticizing the verdict as “insane,” Jim advised investors to hold the stock for now. Subscribers to the CNBC Investing Club with Jim Cramer receive trade alerts before Jim makes a trade. Jim has specific waiting periods before executing trades after issuing trade alerts, such as waiting 45 minutes after sending a trade alert, or 72 hours after discussing a stock on CNBC TV.
It’s important to note that the information provided by the Investing Club is subject to the club’s terms and conditions, privacy policy, and disclaimer. There is no fiduciary obligation or duty created by receiving information from the club, and no specific outcome or profit is guaranteed. Investors should be aware of the risks involved in trading and always conduct their own research before making investment decisions. Overall, the CNBC Investing Club with Jim Cramer provides valuable insights and analysis for investors looking to navigate the complexities of the market.
