CNBC Investment Club: Morning Meeting Recap
Every weekday at 10:20 a.m. ET, Jim Cramer’s CNBC Investment Club holds a “Morning Meeting” livestream. Here’s a brief overview of key takeaways from Friday’s session.
1. The stock markets remained relatively stable on Friday after a series of gains, easing geopolitical worries. Most of the club’s “Magnificent Seven” stocks—like Amazon, Meta, Microsoft, Google, and Nvidia—are performing well. Cramer emphasized the club’s ongoing commitment to this group, despite recent shifts toward investments in storage and semiconductor equipment. Looking ahead, the upcoming week will be busy for financial reporting, with Boeing set to announce results on Tuesday, followed by Corning, Danaher, GE Vernova, Starbucks, Meta, and Microsoft on Wednesday. Additionally, Dover, Honeywell, and Apple reported on Thursday. The Federal Reserve’s open market committee is also scheduled to meet Tuesday and Wednesday, with a 97% likelihood that interest rates will remain unchanged, as noted by the CME’s FedWatch tool.
2. Capital One experienced a decline of about 7% after it reported mixed results for the quarter, falling short of earnings per share expectations. In a surprising move, the company announced plans to acquire payments startup Brex for $5.15 billion. Jeff Marks from the club mentioned that this partnership could enhance their competitiveness in the corporate cards market, where they haven’t had much of a foothold, likening it to a model similar to American Express. Cramer noted that while some shares were reduced in December, the club intends to hold onto its remaining investments, suggesting that significant changes may be on the horizon.
3. Nvidia’s stock saw an uptick following a Bloomberg report that China is asking major tech firms, like Alibaba and Tencent, to place orders for H200 chips. Nevertheless, Cramer was cautious about Nvidia’s performance, indicating uncertainty due to the semiconductor sector’s volatility. He recognized the appeal of Nvidia but mentioned that many investors prefer Micron, particularly in light of the ongoing memory chip shortage. Interestingly, Nvidia stock is facing challenges, largely because it has sufficient inventory, unlike many of its peers. Other semiconductor stocks in portfolios, including Intel and Broadcom, are also encountering difficulties.
4. Toward the end of the video, several stocks were mentioned in quick succession: SLB, CSX, Clorox, and Intuitive Surgical. The charitable trust holds positions in a range of companies, including AMZN, AVGO, BA, META, GOOGL, MSFT, NVDA, HON, DOV, AAPL, SBUX, GEV, COF, and GLW. Subscribers to Jim Cramer’s CNBC Investment Club receive trade alerts prior to any trades he makes. After sending a trade alert, Cramer waits 45 minutes before executing any buy or sell orders. The club’s information, including its disclaimer, highlights that no fiduciary duties or obligations arise from the content provided.
