Every weekday, CNBC Investing Club hosts a “Morning Meeting” livestream with Jim Cramer at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. U.S. stocks rose on Monday, extending gains from the previous session, because the S&P 500, Dow and Nasdaq each rose over 1% on a weaker-than-expected jobs report. Investors cheered signs that the Federal Reserve’s monetary tightening campaign gave the impression to be working, moving the U.S. economy in the suitable direction for rate of interest cuts. Monday marked the beginning of a “favorable week” for the market, Jim Cramer said, citing the dearth of key economic data or statements from the Fed that would influence sentiment in the approaching days. Former Starbucks CEO Howard Schultz posted on LinkedIn on Sunday that the coffee giant needs to enhance its store experience within the US to win back customers. These comments followed last week’s terrible quarter. Management also lowered its full-year guidance, and the stock plunged upon release. “Howard expected a bad quarter, as we did, but we didn’t expect the worst quarter of the year,” Jim said. The club shouldn’t be taking any motion on Starbucks shares, which rose barely on Monday. Walt Disney rose around 1.5% after analysts at Deutsche Bank and Loop Capital raised their price targets. Disney reports earnings on Tuesday morning. We’ll be awaiting positive news on Disney’s struggling direct-to-consumer business, which incorporates streaming services like Disney+ and Hulu. This is anticipated to be DTC’s penultimate unprofitable quarter. But Tuesday’s breakeven numbers could be welcome news for shareholders like us. (Jim Cramer’s Charitable Trust is Long SBUX, DIS. See a full list of stocks here.) As a subscriber to CNBC Investing Club with Jim Cramer, you’ll receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable foundation’s portfolio. If Jim discussed a stock on CNBC television, he waits 72 hours after the trade alert is issued before executing the trade. THE INVESTING CLUB INFORMATION SET FORTH ABOVE IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, ALONG WITH OUR DISCLAIMER. THERE ARE NO fiduciary duty or duty IN RECEIVING YOUR INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO SPECIFIC RESULTS OR PROFITS ARE GUARANTEED.
Thursday, November 28, 2024
