The CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream every weekday at 10:20 a.m. ET where key market updates and insights are shared. On a recent Tuesday, U.S. stocks fell as investors awaited important inflation data to be released later in the week. Despite this, Jim Cramer noted that he expected the day to be relatively quiet with the market behaving as a ‘travel day’. The upcoming March consumer price index report as well as the March reading on producer prices were pointed out as key factors to watch in the upcoming days.
One significant development on Tuesday was Alphabet’s surge to an all-time high following the announcement of a new Arm-based custom artificial intelligence chip by Google. This news is seen as a positive sign for Google’s position in the competitive AI landscape as other tech giants like Amazon, Microsoft, and Meta Platforms also develop their own chips to lessen their reliance on Nvidia. The cloud conference keynote address by Alphabet marked a significant day for the company according to Jim Cramer. Additionally, global personal computer shipments saw positive growth in the first quarter of the year after two years of decline, a trend that is expected to benefit Best Buy, a recent addition to the investing club’s portfolio.
Subscribers to the CNBC Investing Club with Jim Cramer receive trade alerts before Jim makes any trades for his charitable trust. Jim follows specific guidelines such as waiting 45 minutes after sending a trade alert before executing a trade, and waiting 72 hours after discussing a stock on CNBC TV. The information provided by the investing club is subject to terms and conditions, privacy policy, and a disclaimer that highlights the lack of any fiduciary obligation or guaranteed outcomes. The investments made by Jim Cramer’s Charitable Trust include holdings in companies such as Best Buy, Nvidia, Amazon, Microsoft, Meta Platforms, and Alphabet.
Overall, the recent “Morning Meeting” livestream highlighted key market developments such as the anticipation of inflation data, Alphabet’s positive news regarding their artificial intelligence chip, and the growth in global personal computer shipments. The CNBC Investing Club with Jim Cramer provides subscribers with valuable insights and trade alerts, following specific guidelines set forth by Jim to ensure transparency and accountability in trading decisions. The strong performance of companies like Alphabet and the growth in PC shipments are seen as positive signs for the market and potential opportunities for investors to consider.
