The CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream on weekdays at 10:20 a.m. ET, where key market updates and insights are shared. On a recent Thursday, U.S. stocks rebounded after early week losses, with tech stocks like Microsoft and Apple showing strength. All 11 sectors in the S&P 500 were in the green, and the Treasury market calmed down, with the yield on the 10-year Treasury slightly lower. Despite concerns about the Federal Reserve potentially keeping interest rates higher for longer, Cramer advised against speculating on the central bank’s next policy move, reassuring members that necessary cuts will be made. Wynn Resorts shares climbed after Mizuho Securities initiated coverage with a buy rating and analysts issued a price target of $131 per share, expecting upside in earnings estimates in Macau. Jefferies raised its price target for Meta Platforms stock to $585 per share and for Amazon to $225 a share, pointing to continued growth opportunities for both companies.
The CNBC Investing Club has had a positive outlook on Wynn Resorts, having added to their position in late February. While they are not currently buying at current levels, they plan on maintaining their position in the stock. Jefferies’ price target increases for Meta Platforms and Amazon reflect their confidence in the potential growth of both companies. As a subscriber to the CNBC Investing Club, members receive trade alerts before Jim makes a trade. Jim follows a specific protocol, waiting 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. Additionally, if Jim discusses a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. It is important to note that the information provided by the investing club is subject to terms and conditions, a privacy policy, and a disclaimer. There is no guaranteed outcome or profit, and no fiduciary obligation or duty is created by receiving information from the club.
Investor confidence in the market was evident on the Thursday discussed, with U.S. stocks advancing and tech stocks performing well. Despite initial concerns about the Federal Reserve’s interest rate decisions, Cramer advised against speculating and assured members that necessary cuts would be made. Wynn Resorts saw a boost in its stock price after analysts issued a buy rating with a price target implying upside in earnings estimates. Jefferies’ raised price targets for Meta Platforms and Amazon reflect their positive outlook on the potential growth of both companies. Overall, the CNBC Investing Club provides valuable insights and trade alerts to its members, following a specific protocol before executing trades in the charitable trust’s portfolio. It is important for members to be aware of the terms and conditions, privacy policy, and disclaimer associated with the information provided by the club.
