The CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream every weekday at 10:20 a.m. ET. On a recent Thursday, U.S. stocks were mixed, with the Nasdaq hitting a record high after Nvidia’s impressive quarterly earnings report. Nvidia, a leading AI chipmaker, exceeded analysts’ expectations on both the top and bottom lines, resulting in a more than 10% increase in share price. This reaffirmed the club’s belief in the “own it, don’t trade it” strategy for Nvidia. The U.S. Treasury yields rose due to a stronger-than-expected S&P Global Manufacturing PMI, leading to a decrease in the S&P 500 and Dow Jones Industrial Average. DuPont de Nemours also made headlines by announcing a split into three independent companies in the next 18 to 24 months, which is seen as a positive move for shareholders. Jim Cramer believes the market’s reaction is incorrect, offering investors a great opportunity to capitalize on this news.
In other news, Bernstein initiated coverage of Ford Motor with a buy-equivalent rating and a price target of $16 per share, indicating a potential 33% upside from the current stock level. The analysts at the firm have confidence that Ford can achieve the upper range of its adjusted EBIT guidance for fiscal 2024 and anticipate the company’s EV business breaking even before the end of the decade. Despite this bullish outlook, the club maintains a 2 rating on Ford shares. As a subscriber to the CNBC Investing Club with Jim Cramer, members receive trade alerts before Jim makes a trade. Jim adheres to a waiting period of 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim discusses a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. It is important to note that the information provided in connection with the CNBC Investing Club is subject to terms and conditions, privacy policy, and a disclaimer. There is no guarantee of a specific outcome or profit, and no fiduciary obligation or duty exists based on information received through the Investing Club.
Overall, the Morning Meeting livestream on Thursday showcased a blend of positive and negative developments in the market. While the Nasdaq reached a record high following Nvidia’s stellar earnings report, the S&P 500 and Dow Jones Industrial Average experienced a decline due to rising U.S. Treasury yields. DuPont de Nemours’ decision to split into three independent companies was met with a flat share price reaction, which Jim Cramer believes presents a significant opportunity for investors. As the market struggles to respond to both Nvidia and DuPont’s news simultaneously, Cramer advises home investors to take advantage of this unique situation. Additionally, the initiation of coverage on Ford Motor by Bernstein with a buy-equivalent rating and optimistic price target highlights the potential for growth in the automotive giant’s EV business. However, the club maintains a cautious approach with a 2 rating on Ford shares, emphasizing the importance of thorough analysis and strategy when making investment decisions through the CNBC Investing Club.
The CNBC Investing Club with Jim Cramer’s approach to trading involves providing trade alerts to subscribers before executing trades in the charitable trust’s portfolio. Jim follows specific waiting periods after issuing trade alerts, ensuring transparency and strategic decision-making in the investment process. While the club focuses on timely and informed trading practices, it is essential for members to be aware of the terms and conditions, privacy policy, and disclaimer associated with the Investing Club. These guidelines outline the expectations and responsibilities of members in utilizing the information and resources provided through the club. By maintaining a proactive and disciplined approach to trading, the CNBC Investing Club with Jim Cramer aims to empower investors with valuable insights and opportunities in the dynamic financial markets.
