The CNBC Investing Club with Jim Cramer hosts a “Morning Meeting” livestream every weekday at 10:20 a.m. ET, where key moments from the market are discussed. On a recent Friday, both the S&P 500 index and Nasdaq Composite were on track for their sixth consecutive negative days, while the Dow Jones Industrial was slightly up but likely to end the week in the red. The S&P 500 Short Range Oscillator indicated that the market was still oversold, but Jim Cramer advised investors to be patient and selective, considering corporate earnings before making any buy decisions. Coterra Energy saw a rise in shares following positive Wall Street chatter and fluctuating commodities prices due to conflict overseas. Piper Sandler analysts raised the stock’s price target to $37 from $35 per share, and the spike in U.S. oil prices on Thursday night also contributed to the boost in shares.
Morgan Stanley analysts noted that although Ford Motor’s shares have rallied in the past six months, the stock remains one of the cheapest in the S&P 500. After analyzing the index and removing the financials sector, Ford ranked as the sixth lowest in terms of price to earnings ratio out of 404 companies. The key to unlocking more upside for Ford, according to analysts, is showing significant improvement in return on incremental invested capital, a measure of efficiency around a company’s investments. More information on these improvements is expected during Ford’s quarterly earnings release the following Tuesday.
Members of the CNBC Investing Club with Jim Cramer receive trade alerts before Jim makes a trade, with a waiting period of 45 minutes before executing the trade 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 trading. It is important for subscribers to review the terms and conditions, privacy policy, and disclaimer of the investing club, as no fiduciary obligation or duty exists by receiving information from the club. There is no guarantee of a specific outcome or profit.
In conclusion, the market experienced a sixth consecutive negative day for the S&P 500 and Nasdaq Composite, with oversold conditions indicated by the Short Range Oscillator. Coterra Energy and Ford Motor saw positive developments in their stock prices, with Coterra experiencing a rise in shares due to geopolitical uncertainty impacting commodities prices. Ford was highlighted as one of the cheapest stocks in the S&P 500, with potential for upside if improvements in return on invested capital are shown. Subscribers to the CNBC Investing Club with Jim Cramer receive trade alerts before trades are made, with waiting periods in place to ensure transparency and careful decision-making. It is important for members to understand the club’s terms and conditions, privacy policy, and disclaimer when participating in trade activities.
