The CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream every weekday at 10:20 a.m. ET. U.S. stocks were higher on Thursday as Wall Street processed the Federal Reserve’s decision to leave interest rates unchanged. Fed Chief Jerome Powell indicated that there would be no further rate hikes and a wait-and-see approach on possible cuts. Jim Cramer noted that the markets had reacted positively to this news, which was a win for stocks. Investors were eagerly awaiting Friday’s jobs report for further insights into the economy’s health. Earnings season continued with companies like Coterra Energy and Apple set to report results after the close. Jim expressed confidence in Apple, maintaining his “own it, don’t trade it” stance despite concerns about weakness in China. The Club also decided to buy more shares of industrial-focused companies like Stanley Black & Decker and Linde, which had fallen after their earnings releases. UBS upgraded TJX Companies to a buy rating and raised its price target, citing potential market share gains from department stores. Jim recommended buying shares of TJX, which includes off-price stores like Marshalls and HomeGoods.
As a subscriber to the CNBC Investing Club, members receive a trade alert before Jim makes a trade. There is a 45-minute waiting period before buying or selling a stock in the charitable trust’s portfolio after a trade alert is sent. If Jim has discussed a stock on CNBC TV, there is a 72-hour waiting period before executing the trade. The information provided by the Investing Club is subject to terms and conditions, privacy policy, and disclaimer. There is no fiduciary obligation or duty created by receiving information from the Investing Club, and no specific outcome or profit is guaranteed. The Club holds positions in various stocks, including Coterra Energy, Apple, TJX, Stanley Black & Decker, and Linde.
The decision by the Federal Reserve to maintain interest rates and signal no further hikes was seen as a positive development for the stock market. Investors reacted favorably to the news, with U.S. stocks posting gains on Thursday. The Club was optimistic about the outlook for the economy and awaited the release of the latest jobs report for additional insights. Earnings season continued with companies like Coterra Energy and Apple set to report results. Despite concerns about weakness in China, Jim Cramer remained confident in Apple and advised a “own it, don’t trade it” approach for the stock. Additionally, the Club decided to buy more shares of industrial-focused companies like Stanley Black & Decker and Linde, which had decreased in value following their earnings releases.
UBS upgraded TJX Companies to a buy rating and raised its price target, predicting market share gains for the retailer. The Club saw TJX as a strong retail name to own, particularly for investors concerned about the U.S. consumer. Jim recommended buying shares of TJX, which operates off-price stores like Marshalls and HomeGoods. Members were advised to check their inboxes for the latest trade alert on these three names. The Investing Club’s approach to making trades was outlined, with specific waiting periods before buying or selling stocks. The information provided by the Club was subject to terms and conditions and a disclaimer, emphasizing that no specific outcome or profit was guaranteed. The Club maintained positions in various stocks, including CTRA, AAPL, TJX, SWK, and LIN.
Overall, the CNBC Investing Club with Jim Cramer focused on key developments in the stock market, including the Federal Reserve’s decision on interest rates and earnings reports from companies like Coterra Energy and Apple. The Club’s strategy included maintaining confidence in certain stocks like Apple, despite concerns about China weakness, and buying more shares of companies like Stanley Black & Decker and Linde. UBS’s upgrade of TJX Companies was seen as a positive move, with the Club recommending buying shares of the retailer for potential market share gains. Subscribers to the Investing Club received trade alerts before Jim executed trades, following specific waiting periods outlined by the Club’s guidelines. While no specific outcome or profit was guaranteed, the Club’s holdings included various stocks in its portfolio.
