The CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream each weekday at 10:20 a.m. ET, providing a recap of the key moments from the week. On Friday, U.S. stocks tumbled as traders assessed bank earnings and inflation concerns, leading to a volatile trading week with the S&P 500 and the Dow tracking for a weekly decline. The Nasdaq, after a surge on Thursday, was uncertain. The 10-year Treasury yield decreased on Friday after a spike earlier in the week prompted a sell-off in equities. The Club is considering adding to its Best Buy position as the overall market nears oversold status, but they are currently restricted until next week. Beer giant Constellation Brands saw a drop in its shares on Friday amidst the broader market downturn, reversing Thursday’s gains following a strong quarter. Management provided optimistic guidance for their full-year fiscal 2025, and members who do not already own Constellation could consider buying during a potential market decline due to Mideast tensions.
The Club holds shares in Morgan Stanley, which is scheduled to release earnings on Tuesday. An increase in initial public offerings (IPOs) has been a positive sign for the firm’s investment banking business, but there have been concerns about lackluster wealth management revenues, margins, and net new assets in recent quarters. New CEO Ted Pick is expected to address these issues promptly, and the Club expressed disappointment in reports of federal regulators probing Morgan Stanley’s Wealth Management business. They plan to wait for more information before taking any action. Members are advised to check their email inboxes and texts for a full analysis of Wells Fargo’s earnings. Jim Cramer’s Charitable Trust holds positions in Constellation Brands, Morgan Stanley, Best Buy, and Wells Fargo, and subscribers to the CNBC Investing Club receive trade alerts before any trades are made.
As a member of the CNBC Investing Club with Jim Cramer, subscribers are informed of trade alerts before Jim executes any trades. There is a waiting period after a trade alert is issued before any buying or selling is done in the charitable trust’s portfolio to ensure transparency and fairness. The Club follows strict terms and conditions, privacy policy, and disclaimer to provide accurate and timely information to its members. While no specific outcome or profit is guaranteed, the Club aims to provide valuable insights and opportunities for investment. Subscribers should be aware that no fiduciary obligation or duty is created by receiving information from the Investing Club.
