The CNBC Investing Club with Jim Cramer holds a daily livestream “Morning Meeting” at 10:20 a.m. ET, where they discuss key moments in the market. On Monday, U.S. stocks were slightly higher as the market tried to recover from last week’s sell-off, with hopes that tensions in the Middle East wouldn’t escalate further. The market was uncertain, with the S&P 500 Short Range Oscillator moving into oversold territory for the first time since late October. The Club took the opportunity to add to their Best Buy position, which had drifted lower despite indications that the personal computer market was set to grow. There was also positive commentary on Nvidia, with Citigroup opening a 90-day catalyst watch and predicting more upside based on supply chain comments and upcoming earnings calls. Salesforce shares fell after reports of advanced talks to acquire Informatica, but the Club believed the market’s reaction was overblown.
As a subscriber to the CNBC Investing Club, you receive trade alerts before Jim makes a trade. Jim follows strict guidelines, waiting 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim talks about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. It’s important to note that the information provided by the Investing Club is subject to their terms and conditions, privacy policy, and disclaimer. There is no fiduciary obligation created by receiving this information, and no specific outcome or profit is guaranteed.
The market on Monday was trying to bounce back from recent sell-offs, with hopes that geopolitical tensions wouldn’t escalate further. The S&P 500 Short Range Oscillator moved into oversold territory for the first time since late October, prompting the CNBC Investing Club to look for opportunities to buy quality companies at a discount. They added to their Best Buy position, despite the stock drifting lower since late March. Citigroup opened a catalyst watch on Nvidia, forecasting more upside based on positive supply chain commentary and upcoming earnings calls. Salesforce shares dropped after reports of potential acquisition talks with Informatica, but the Club believed the reaction was exaggerated.
Subscribers to the CNBC Investing Club with Jim Cramer receive trade alerts before Jim makes a trade, following strict guidelines for trading. Jim waits a designated amount of time before executing trades in his charitable trust’s portfolio, to maintain transparency and prevent any conflicts of interest. The information provided by the Investing Club is subject to their terms and conditions, privacy policy, and disclaimer. It is important to understand that there is no guarantee of a specific outcome or profit, and no fiduciary obligation exists as a result of receiving information from the Club. Investors should be aware of the guidelines and restrictions in place for trading decisions.
The market’s uncertainty on Monday prompted the CNBC Investing Club to seek out opportunities to buy quality companies at a discount. They added to their Best Buy position and were positive on Nvidia, with Citigroup forecasting more upside based on supply chain comments and upcoming earnings calls. Salesforce shares fell after reports of potential acquisition talks with Informatica, but the Club believed the market’s reaction was exaggerated. Subscribers to the CNBC Investing Club with Jim Cramer receive trade alerts before he makes a trade, with strict guidelines in place to ensure transparency and prevent conflicts of interest. It is crucial to understand the terms and conditions, privacy policy, and disclaimer associated with the Club’s information, as no specific outcome or profit is guaranteed and no fiduciary obligation exists as a result of receiving information from the Club.
