Latest news with #MorningMeeting
CNBC
a day ago
- Business
- CNBC
Jim Cramer sees pockets of 'turmoil' in the market — plus, the latest on Nvidia's plans for China
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 Tuesday's key moments. 1. Stocks were slightly lower Tuesday morning, giving up some of the modest gains seen earlier in the session. Even when the S & P 500 was in the green, Jim Cramer called out some "turmoil" underneath the hood of the market, particularly in the health-care sector. The biggest mover to the downside in that cohort is Novo Nordisk , with shares plunging more than 20% after the GLP-1 maker slashed its 2025 sales outlook. The company lowered growth expectations for Wegovy in the obesity market and for Ozempic in the diabetes market. Club holding Eli Lilly is down 4.3% in sympathy. We trimmed our position in the biopharma giant Tuesday to mitigate our risk ahead of Lilly's own earnings report next week. 2. Nvidia hit a 52-week high earlier in Tuesday's session on the back of a Reuters report that said the artificial intelligence leader has placed an order with Taiwan Semiconductor Manufacturing Co. for 300,000 of its made-for-China H20 chips. Earlier this month, the Trump administration reversed a ban imposed in April that prohibited sales of H20 chips to the Chinese market over national security concerns. The new orders with TSMC adds to the existing inventory of 600,000 to 700,000 H20 chips, Reuters reported. Elsewhere, fellow chipmakers Advanced Micro Devices and Club holding Broadcom were solidly higher, as earnings from the likes of Cadence Design Systems cast a positive due on the broader AI trade. 3. Coffee giant Starbucks reports its third quarter of fiscal 2025 after the bell Tuesday. We're hoping to see a boost in same-store sales in the locations where turnaround artist CEO Brian Niccol has rolled out his "Green Apron Service" model, a strategy aimed at enhancing the customer experience. We'd also like to see how the company's labor investments are helping business operations and what the plans for its growth China business. Jim said he's "still not expecting big stuff" this quarter given the company is still in the early stages of the turnaround . Starbucks shares, which have trailed the market this year, were down nearly 1% Tuesday. 4. Stocks covered in Tuesday's rapid fire at the end of the video were: Boeing , United Health , Procter & Gamble , Merck , and Cadence Design Systems. (Jim Cramer's Charitable Trust is long LLY, NVDA, SBUX. 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.
CNBC
2 days ago
- Business
- CNBC
We're not fretting two downgrades of high-flying GE Vernova. Here's why
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 Monday's key moments. 1. The stock market is muted Monday following Washington's trade deal with the European Union announced by President Donald Trump on Sunday. This is on the heels of last week's strong performance, which sent the S & P 500 to fresh record highs. "The market is somewhat tepid, and it's giving us an opportunity to get in," said Jim Cramer. The Club is capitalizing on the opportunity and earlier Monday bought shares of both Cisco and Honeywell . We're also keeping an eye out for a potential buys on Dover and Capital One. 2. The trade agreement with the EU is "very important," but as of now, it's "not fleshed out enough as far as I'm concerned," Jim said. Some of the details we know now: Most imports from the EU, including cars, will be subject to a 15% tariff rate. The bloc also agreed to buy $750 billion worth of U.S. energy, triggering the Club's trimming of Eaton as the company hit another record high on the news. Meanwhile, American and Chinese trade officials arrived in Sweden for trade negotiations. U.S Trade Representative Jamieson Greer said on CNBC that he's not expecting an "enormous breakthrough" just yet. It's possible the Aug. 12 tariff deadline with China could be extended as a result of these meetings, Director of Portfolio Analysis Jeff Marks noted. 3. GE Vernova was downgraded to neutral by Mizuho and Guggenheim, with analysts at both firms citing the stock's valuation. Still, Mizuho revised its price target higher to account for the stock's huge rally, going to $670 a share from $412, partially due to accelerating margin expansion. Shares, which have more than doubled off their April lows, were trading around $640 apiece Monday. Guggenheim analysts removed their price target but said the stock is still attractive for investors willing to focus on 2029 and beyond. Jim said he wants GE Vernova's CEO Scott Strazik to expand the company's gas turbine production capacity. "His orders are so strong and ironclad, I wish he would spend some more money," Jim said. 4. Stocks covered in Monday's rapid fire at the end of the video were: Nike , Texas Instruments , and Tesla . (Jim Cramer's Charitable Trust is long CSCO, COF, HON, DOV, ETN . 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.
CNBC
5 days ago
- Business
- CNBC
Dover and Honeywell continue their post-earnings slides. Here's how we may respond
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. The stock market is in the green Friday, capping off a week of fresh record highs for the S & P 500 on a positive note. The market's gains come on the heels of solid earnings and positive trade news developments. Investors will keep a close eye out for more trade news ahead of the Trump administration's Aug. 1 deadline for higher tariffs kicking in. President Donald Trump told reporters Friday morning that the U.S. has the "confines of a deal" with China ahead of next week's meeting between the two countries in Stockholm. Also on next week's agenda is a Federal Reserve rate decision Wednesday, though the central bank is expected to keep policy steady. However, the Fed may set themselves up to lower rates later this year. The July jobs report also comes out next Friday. 2. Both Dover and Honeywell are down again Friday despite reporting solid earnings Thursday. "We're frustrated by this," said Jeff Marks, director of portfolio analysis for the Club. Dover beat on both top and bottom line while raising its outlook on sales and adjusted earnings per share for the year. "We thought the stock should have been up four to five bucks yesterday, not down four to five," Marks said. It's a similar story for Honeywell. which also reported an overall decent quarter, though not perfect with transitory headwinds in aerospace. "I thought it'd get more credit. It didn't," said Marks. The Club likes how both companies have been progressing and might pull the trigger to buy more of Honeywell and, perhaps, additional shares of Dover on Monday. "We'll see," Marks said. 3. Looking ahead, investors are walking into a busy week for earnings, with around 150 S & P 500 companies set to report, including four of the "Magnificent Seven." Portfolio name Starbucks is first in line Tuesday evening. We're "focusing on what Brian Niccol has to say about the stores [where] he's been able implement some of his changes," Marks said. Microsoft and Meta report Wednesday after market close. Thursday is another big day with Bristol Myers reporting before the market open followed by Apple and Amazon on Thursday after closing bell. (Jim Cramer's Charitable Trust is long AAPL, AMZN, MSFT, SBUX, META. 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.
CNBC
6 days ago
- Business
- CNBC
Jim Cramer says pullbacks in 2 stocks after earnings give new investors chances to buy
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 Thursday's key moments. 1. Stocks were largely higher Thursday. Both the S & P 500 and Nasdaq hit new all-time highs, led by gains in Alphabet after an earnings beat. This comes on the heels of the S & P 500's record-high close Wednesday after President Donald Trump announced a new trade agreement with Japan. There are also reports that the European Union may also be closing in on a deal with the U.S. "I would not trust a negative view of this market, because there are signs of great positivity," said Jim Cramer. 2. Shares of Honeywell fell Thursday despite quarterly beats on the company's top and bottom lines. Honeywell also raised guidance. The Club stock 5% decline is "just disrespectful," said Jeff Marks, director of portfolio analysis for the Club. Meanwhile, fellow portfolio name Dover was taking a 2.5% hit following solid earnings. Jim said the stock "should be up four to five [dollars]," considering that most of the metrics are "better." Jim said the pullbacks in both stocks are buy opportunities for new investors. 3. Alphabet raised its outlook on capital expenditure by $10 billion to $85 billion. Alphabet said the new outlook reflects an additional investment in servers and an acceleration in the pace of data center construction to meet cloud customer demand. The company is looking to raise its capex again in 2026, citing customer demand and growth opportunities. This is a positive read-through for our semiconductor stocks, Broadcom and Nvidia , which were both higher Thursday. 4. Stocks covered in Thursday's rapid fire at the end of the video were Tesla , Alphabet , UnitedHealth , ServiceNow , and Chipotle . (Jim Cramer's Charitable Trust is long AVGO, DOV, HON,NVDA. 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.
CNBC
23-07-2025
- Business
- CNBC
Jim Cramer says stay away from the revived meme trade — plus, GE Vernova soars
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 Wednesday's key moments. 1. The stock market is higher Wednesday following news that President Donald Trump announced a new trade deal with Japan. In a post on Truth Social late Tuesday, Trump said Japanese imports into the U.S. would be subject to a 15% tariff, including for automobiles, which had been subject to a 25% rate. Japan will also invest $550 billion into the U.S., Trump said, and buy 100 Boeing planes. "It's a win for Japan, a win for us," said Jim Cramer. On the other hand, "we have this meme problem again," Jim said, referencing meme traders who are orchestrating short squeezes on stocks like Kohl's, GoPro, and Krispy Kreme. "I like to see a legitimate way to make money," Jim said. 2. Club name GE Vernova rallied over 15% Wednesday after an earnings beat. Jim said it was "maybe the best story in the entire market." The company, whose gas turbines are essential in generating electricity, saw a very strong quarter with healthy revenue and beats on revenue and adjusted earnings per share. In the AI race, "everyone is power short," Jim said. With the stock's rally intensifying in the wake of the Morning Meeting, our view is now that investors shouldn't chase this move and wait for a better price. 3. On tap for earnings Thursday are Club names Dover and Honeywell . Both of the stocks were recently named by analysts as catalyst buy ideas into earnings in the past month. Over at Citi, analysts last week called Dover's accelerating growth underappreciated. "I don't have as much conviction on Dover, " Jim said, citing last quarter's mixed quarter. Separately, Deutsche Bank analysts said they foresee a high probability of Honeywell delivering a second-quarter beat and material raise to the full-year guidance. We like that Honeywell has set more realistic guidance so far this year. Jim said it still "matters" that Honeywell is in breakup mode, with its advanced materials and aerospace businesses on their way to being separated. 4. Stocks covered in Wednesday's rapid fire at the end of the video were: Texas Instruments , AT & T , Otis , Hasbro , and Lamb Weston . (Jim Cramer's Charitable Trust is long DOV, GEV, HON . 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.
