Wall Street is overreacting to a solid quarter from Cracker Barrel, says Jim Cramer
'Mad Money' host Jim Cramer revisits Cracker Barrel as the stock climbed 33% in 3 months.
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Cramer says Broadcom is a buy for new investors, Apple stock's less 'treacherous'
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Friday's key moments. 1. U.S. stocks surged Friday following better-than-expected labor data. Nonfarm payrolls rose 139,000 in May, above the Dow Jones estimate of 125,000. The S & P 500 jumped more than 1% in early trading as a result, reaching levels not seen since late February. It's great news, given U.S. corporations have been bracing against the impact of tariffs and the potential of a weakening economy. "Sometimes you get an employment number that really threads the needle," Jim said. The Friday rally follows a late Thursday session sell-off due to a public feud between President Donald Trump and Tesla CEO Elon Musk. The plunge in the EV maker's shares brought down the overall market. 2. Broadcom stock is down more than 2% Friday, a session after the chipmaker's quarterly earnings report. The second-quarter print was great and its AI business continues to impress us. Still, the stock is dealing with some profit-taking following a big move into the Thursday evening earnings release. New Investors should buy Broadcom at current levels, Jim said. That's because the long-term story for this stock is fantastic. 3. Apple's annual worldwide developer conference kicks off Monday. Investors will watch closely for updates regarding its generative artificial intelligence system, Apple Intelligence. This follows a rocky year-long rollout of its new AI features like an improved Siri, which Jim described as "a bust." The iPhone maker's dealing with a slew of other troubles as well. Although the software-focused event is typically not a material catalyst, it was in 2024 and this year may surprise us again. "What I like about this is that it can bounce," Jim said of Apple shares. "That makes it so it's not nearly as treacherous as I thought it'd be." 4. Stocks covered in Friday's rapid fire at the end of the video were: Lululemon, McDonald's , MP Materials, and Applied Materials . (Jim Cramer's Charitable Trust is long AVGO, AAPL. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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Was Jim Cramer Right About Crown Castle Inc. (CCI)?
We recently published a list of . In this article, we are going to take a look at where Crown Castle Inc. (NYSE:CCI) stands against other stocks that Jim Cramer discusses. In that older segment, a longtime viewer asked about Crown Castle Inc. (NYSE:CCI), confused as to why the stock had struggled to recover from a steep decline. Cramer didn't mince words about the company's prospects. He said: 'Okay, here's the problem: there's no growth, and the company has been incredibly poorly managed. So I'm going to have to say stay away. I don't want you near that stock.' He said to stay away due to poor management and lack of growth — correct, as the stock is down -3.15%. A close-up of an array of cell towers on a distant hilltop. Crown Castle Inc. (NYSE:CCI) is a real estate investment trust (REIT) that owns and leases communications infrastructure such as cell towers and small cell networks across the United States. Overall, CCI ranks 3rd on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of CCI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
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Was Jim Cramer Right About The Estée Lauder Companies Inc. (EL)?
We recently published a list of . In this article, we are going to take a look at where The Estée Lauder Companies Inc. (NYSE:EL) stands against other stocks that Jim Cramer discusses. In that older episode, a caller from the Investing Club asked if The Estée Lauder Companies Inc. (NYSE:EL) was worth adding to amid ongoing weakness in its China business and luxury segment. Cramer was deeply disappointed with the stock's performance at the time and cautioned against buying more: 'Until I see something actually good out of the company I can't keep buying it. It is a horrendous stock — the worst stock that we own now… China was bad but China's inventory has been cleaned out… I need to see something, anything positive… even just like a maybe like a bottle of MAC.' Cramer was brutally honest in calling it 'a horrendous stock,' and rightly so as it's down -44.51%. The Estée Lauder Companies Inc. (NYSE:EL) is a global leader in prestige beauty, producing skincare, makeup, fragrance, and hair care products under brands like Estée Lauder, MAC, and Clinique. A close-up of a customer's hands selecting beauty products from an online retailer. Overall, EL ranks 2nd on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of EL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
