The CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream every weekday at 10:20 a.m. ET. In a recent meeting, it was reported that Wall Street moved modestly higher after a stronger-than-expected jobs report, although stocks were losing some momentum. Jim Cramer referred to September’s nonfarm payroll growth as a “no landing” number, eliminating the need to debate a hard economic landing versus a soft landing. However, the Dow, S&P 500, and Nasdaq were still projected to be down for the week. U.S. oil prices were up due to concerns about potential attacks on Iran’s oil infrastructure by Israel. Jim recommended buying Advanced Micro Devices stock before the chipmaker’s Advancing AI event, citing a strong AI story. Bank stocks were on the rise, with Morgan Stanley receiving an upgrade and Wells Fargo being recommended as a buy ahead of quarterly earnings report.
As a subscriber to the CNBC Investing Club with Jim Cramer, individuals receive trade alerts 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 discussed 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, privacy policy, and disclaimer. There is no fiduciary obligation or duty created by receiving information from the club, and no specific outcome or profit is guaranteed.
During the Morning Meeting livestream, Jim Cramer expressed optimism about the stock market following a strong jobs report, despite some loss of momentum. He emphasized the importance of staying updated on current events that could impact stock prices, such as potential attacks on Iran’s oil infrastructure. Jim recommended purchasing Advanced Micro Devices stock before the chipmaker’s Advancing AI event, highlighting their strong AI capabilities. He also discussed the performance of bank stocks, with Morgan Stanley seeing an upgrade and Wells Fargo being favored as a buy ahead of an upcoming earnings report.
The CNBC Investing Club with Jim Cramer offers subscribers trade alerts before Jim makes a trade, allowing them to stay informed and potentially take advantage of investment opportunities. Jim follows a specific protocol for executing trades, waiting a set amount of time after issuing a trade alert before making a move in his charitable trust’s portfolio. It is important for subscribers to understand the terms and conditions, privacy policy, and disclaimer associated with the club’s information. There is no guarantee of a specific outcome or profit from following the advice provided by the Investing Club.
Overall, the Morning Meeting livestream provided insights into the current state of the stock market, highlighting key events and opportunities for investors. Jim Cramer’s analysis and recommendations regarding specific stocks, such as Advanced Micro Devices and Wells Fargo, offered valuable information for subscribers to consider in their own investment strategies. By receiving trade alerts and staying informed about market developments, subscribers to the CNBC Investing Club with Jim Cramer can make more informed decisions regarding their investment portfolios. It is essential to follow the guidelines set forth by the club and understand the risks associated with investing in the stock market.
