The CNBC Investing Club with Jim Cramer holds a daily “Morning Meeting” livestream at 10:20 a.m. ET, where key investment updates are discussed. The second quarter of 2024 started with U.S. stocks reversing lower on Monday. The S&P 500 has been on a positive trend, recording its fifth consecutive month of gains. However, the market has now entered overbought territory, signaling a potentially risky level for investors to enter. Portfolio analysis director Jeff Marks emphasized the importance of discipline, suggesting trimming positions in overbought markets and adding during oversold markets. The Club recently sold shares of Disney to adjust their position after the stock’s significant first-quarter gains, attributing the positive performance to CEO Bob Iger’s successful turnaround strategy and activist investor Nelson Peltz’s influence on management accountability.
Additionally, the Club trimmed their holdings in Alphabet after the stock recovered from fourth-quarter losses. Concerns were raised about the potential disruption of Google’s search business by artificial intelligence chatbots like ChatGPT. Despite this, the Club remains optimistic about Alphabet’s ability to capitalize on the AI arms race due to its strong balance sheet. Meanwhile, Wall Street analysts praised Microsoft on Monday, highlighting the company’s valuable AI assets such as Copilot, a generative AI assistant. Jefferies analysts raised Microsoft’s price target, citing the potential benefits of the company’s Azure cloud and AI features in the current AI wave. Jim Cramer expressed optimism about Microsoft’s integration of AI into personal computing, particularly through the new Copilot key on Windows PC keyboards. The Charitable Trust associated with Jim Cramer is long on Microsoft, Disney, and Alphabet.
As a subscriber to the CNBC Investing Club with Jim Cramer, members receive trade alerts before Jim makes a trade in the charitable trust portfolio. Jim follows a specific protocol, waiting 45 minutes after sending a trade alert before executing a trade. If Jim discusses a stock on CNBC TV, he waits 72 hours after issuing the trade alert before making any trades. It is important to note that the information provided in connection with the Investing Club is subject to terms and conditions, privacy policy, and disclaimer. No fiduciary obligation or duty is created by receiving information from the Investing Club, and there is no guarantee of specific outcomes or profits from following the Club’s recommendations.
