The CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream every weekday at 10:20 a.m. ET. On a recent Friday, the market was rebounding after a rough day, with bond yields rising and good economic data being viewed negatively. Despite this, shares of Nvidia saw a post-earnings increase. Goldman Sachs pushed its forecast for the first Federal Reserve interest rate cut to September, citing the need to keep inflation in check.
Eli Lilly is investing $5.3 billion to expand manufacturing at an Indiana plant to increase production of drugs like Zepbound and Mounjaro. The company’s total investment at the site will be $9 billion, showing their commitment to meeting demand for these products. These drugs compete with Novo Nordisk’s products. Four Club names are set to report earnings next week, including Salesforce, Best Buy, Foot Locker, and Costco. Cramer expressed interest in buying Salesforce on a dip, as well as watching for artificial intelligence PCs at Best Buy. Foot Locker’s performance will be closely watched for signs of a turnaround, particularly in light of Nike’s recent struggles.
As a subscriber to the CNBC Investing Club with Jim Cramer, members receive trade alerts before Jim makes a trade. Jim follows specific guidelines for making trades, waiting 45 minutes after sending a trade alert before executing it. If Jim has discussed a stock on CNBC TV, he waits 72 hours before making a trade. It’s important to note that no specific outcome or profit is guaranteed, and there is no fiduciary obligation or duty created by receiving information from the club. Members are subject to the terms and conditions, privacy policy, and disclaimer of the club.
Overall, the market was bouncing back after a challenging day, with investors keeping an eye on bond yields and economic data. Eli Lilly’s significant investment in expanding manufacturing reflects their commitment to meeting demand for key drugs. Four Club names are set to report earnings next week, offering opportunities for investors to make strategic moves. Jim Cramer’s approach to trading involves following specific guidelines to ensure transparency and fairness in the process. As a subscriber, members have access to trade alerts and insights from Jim, but should be aware of the risks and uncertainties involved in investing.
