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The CNBC Investing Club with Jim Cramer holds a daily “Morning Meeting” livestream at 10:20 a.m. ET, where key moments from the market are discussed. The Dow reached a milestone on Thursday by topping 40,000 for the first time ever, with the S & P 500 and the Nasdaq also hitting record highs. Jim Cramer emphasized the importance of taking profits off the table after a significant market rally, which is why positions in Morgan Stanley and Palo Alto Networks were trimmed recently. Honeywell, however, has struggled this year and Jim believes the industrial conglomerate needs a makeover to focus on higher-growth businesses, following in the footsteps of General Electric.

Costco shares reached all-time highs following strong performances from retailers like Walmart, prompting Jim to favor Costco over Walmart as the preferred stock to buy. Costco’s membership offers price-friendly goods that are appealing to consumers in light of ongoing economic concerns and inflation worries. As a subscriber to the CNBC Investing Club, members receive trade alerts before Jim makes a trade. Jim follows specific guidelines when executing trades, including waiting 45 minutes after sending a trade alert before making a decision in his charitable trust’s portfolio, and waiting 72 hours after discussing a stock on CNBC TV.

It is important to note that the information provided by the CNBC Investing Club with Jim Cramer is subject to terms and conditions, privacy policy, and a disclaimer. There is no fiduciary obligation or duty created by receiving information from the Investing Club, and no specific outcome or profit is guaranteed. The club’s stance on investing includes taking profits after rapid market rallies and focusing on high-growth sectors. Management at Honeywell is urged to take more aggressive action to streamline business operations and concentrate on automation, aviation, and energy transition, despite the company’s plans to divest revenue streams not aligned with these areas.

The success of retailers like Walmart and Costco in the market highlights consumer preferences for value-driven shopping experiences. Costco’s membership offers a unique advantage in attracting consumers seeking budget-friendly options during uncertain economic times. Jim Cramer’s Charitable Trust holds positions in various stocks, including HON, COST, PANW, MS, and GEHC, reflecting his investment strategy and market insights. By subscribing to the CNBC Investing Club, members gain access to timely trade alerts and valuable insights from Jim Cramer to make informed investment decisions. The club’s approach to investing focuses on strategic profit-taking and identifying opportunities in high-growth sectors for long-term success.

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