The CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream every weekday at 10:20 a.m. ET. On a recent Friday, the S & P 500 declined from its record high, but tech stocks like Nvidia and Broadcom were still performing well. Apple and Microsoft also continued to dominate the market. However, there was a desire to see gains spread out into other sectors, as there was a noticeable divergence in the market. Shares of medical equipment maker GE Healthcare tumbled, but Broadcom saw a gain of nearly 100% on their position. The Club decided to trim their position in Palo Alto Networks after a strong move, and bought more DuPont de Nemours due to their plan to split into three publicly-traded companies.
JPMorgan raised its price target on TJX Companies, predicting a 15% upside from its Thursday close. The analysts believe the off-price category still has room for market share gains. This call was seen as welcomed news and a reconfirmation of the Club’s thesis. The Club’s charitable trust is long on AAPL, MSFT, TJX, GEHC, NVDA, AVGO, DD, and PANW. Subscribers to the CNBC Investing Club receive trade alerts before Jim makes a trade. There is a waiting period before executing a trade after a trade alert is sent, depending on whether Jim has talked about the stock on CNBC TV.
The key moments at the Morning Meeting included a discussion on the market’s performance, especially the tech sector. It was noted that there was a divergence in the market, with some tech stocks performing well while others, like GE Healthcare, were tumbling. The Club made decisions to trim positions in Palo Alto Networks and take advantage of opportunities like buying more DuPont de Nemours. Jim Cramer mentioned that despite the strong performance of tech stocks like Nvidia and Broadcom, it’s important for investors not to focus solely on one sector.
JPMorgan’s raised price target on TJX Companies was seen as positive news and a reinforcement of the Club’s existing thesis. The off-price category was believed to still have potential for market share gains. The Club’s charitable trust holds positions in various stocks, including AAPL, MSFT, and NVDA. Subscribers to the CNBC Investing Club receive trade alerts before Jim makes a trade, with a waiting period before executing a trade based on certain criteria. The information provided by the Investing Club is subject to terms and conditions, privacy policy, and disclaimer, with no guaranteed specific outcome or profit.
In sum, the CNBC Investing Club with Jim Cramer discussed the market’s performance, focusing on the tech sector and the need for gains to broaden into other sectors. Trades were made to trim certain positions and take advantage of opportunities like buying more shares of DuPont de Nemours. JPMorgan’s raised price target on TJX Companies was seen as a positive sign, reinforcing the Club’s thesis. Subscribers receive trade alerts before Jim makes a trade, with a waiting period before executing a trade after a trade alert is sent. The Investing Club information is subject to terms and conditions, privacy policy, and disclaimer, with no guaranteed specific outcome or profit.
