The CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream every weekday at 10:20 a.m. ET, recapping key moments from the day. On a recent Friday, Wall Street saw modest gains following a strong jobs report, although stocks were losing some momentum. Jim Cramer referred to September’s nonfarm payroll growth as a “no landing” number, suggesting that the economy was not facing a hard landing. However, the Dow, S&P 500, and Nasdaq were still expected to end the week in negative territory. U.S. oil prices rose on concerns about potential attacks on Iran’s oil infrastructure by Israel.
Jim Cramer recommended that investors consider buying Advanced Micro Devices stock ahead of the chipmaker’s upcoming Advancing AI event, citing a strong AI story and quality chips for data centers and personal computers. While AMD stock has not seen the same gains as rival Nvidia, Jim sees potential for growth. Bank stocks, including Morgan Stanley and Wells Fargo, were higher on Friday. Morgan Stanley received an upgrade, while Jim suggested buying Wells Fargo ahead of its quarterly earnings report, noting its performance and potential for improvement after the lifting of an asset cap by the Fed.
Subscribers to the CNBC Investing Club with Jim Cramer receive trade alerts before Jim makes any trades in his charitable trust’s portfolio. Jim typically waits 45 minutes after issuing a trade alert before buying or selling a stock, and 72 hours after discussing a stock on CNBC TV before executing the trade. It is important to note that the information provided by the Investing Club is subject to terms and conditions, privacy policy, and disclaimer, and no fiduciary obligation or duty is created by receiving the information. Specific outcomes or profits are not guaranteed.
The recap of the CNBC Investing Club’s Morning Meeting highlighted the market’s response to economic data and geopolitical concerns. Jim Cramer’s insights on stocks like Advanced Micro Devices, Morgan Stanley, and Wells Fargo provided guidance for investors looking to navigate market trends. The club’s trade alerts and trading protocol offer transparency and a structured approach to managing investment decisions. By staying informed and following the Investing Club’s updates, subscribers can access timely and relevant information to enhance their investment strategies.
Overall, the Morning Meeting recap provided valuable insights into market movements, stock recommendations, and trade alert procedures for CNBC Investing Club subscribers. Jim Cramer’s analysis of economic indicators, stock performance, and upcoming events offered a comprehensive view of the investment landscape. With a focus on potential growth opportunities and strategic investments, the club aims to empower investors with the information and tools needed to make informed decisions. As the market continues to evolve, staying informed and following the club’s updates can help investors navigate changing trends and maximize their investment potential. By leveraging the CNBC Investing Club’s resources and recommendations, subscribers can enhance their investment knowledge and improve their overall portfolio performance.
