The CNBC Investing Club with Jim Cramer holds a live “Morning Meeting” every weekday at 10:20 a.m. ET to discuss key market moments. On Monday, Wall Street was mixed as investors awaited important events later in the week, including the consumer inflation print and Federal Reserve interest rate decision. Club name Broadcom is set to report earnings after Wednesday’s closing bell, while Nvidia began trading on a split-adjusted basis and Apple is expected to unveil its artificial intelligence strategy. Jim Cramer advised investors to stay the course and not make any big moves ahead of these market-moving events.
Coterra Energy stock saw a 2.5% jump on Monday as the price of natural gas surged to its highest level since the start of 2024. Jim Cramer believes the portfolio name has more room to run, especially with the company’s exposure to oil and natural gas. UBS upgraded Club holding Honeywell to a hold rating from a sell on Monday, citing an improved outlook for the company’s industrial automation business. This call is noteworthy as UBS analysts had previously issued a double downgrade on Honeywell stock back in January 2023.
As a subscriber to the CNBC Investing Club with Jim Cramer, members receive trade alerts before Jim makes a trade. Jim follows a protocol of waiting 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has discussed 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 by the Investing Club is subject to terms and conditions, a privacy policy, and a disclaimer. There is no fiduciary obligation or duty created by receiving this information, and no specific outcome or profit is guaranteed. Jim Cramer’s Charitable Trust is long AAPL, NVDA, CTRA, and HON.
In summary, Monday’s Morning Meeting livestream with Jim Cramer highlighted mixed market sentiments as investors awaited key events later in the week. Coterra Energy stock saw a jump as natural gas prices surged, while UBS upgraded Honeywell to a hold from a sell rating. Investors were advised to stay the course and avoid making major moves prior to the upcoming market-moving events. Subscribers to the CNBC Investing Club with Jim Cramer receive trade alerts before trades are made, with specific protocols followed by Jim before executing trades. Overall, the Investing Club provides valuable insights and trade alerts for members to stay informed and make informed investment decisions.
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