Every weekday, CNBC Investing Club hosts a “Morning Meeting” livestream with Jim Cramer at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. U.S. stocks were mixed on Wednesday as Wall Street prepared for the Federal Reserve’s next monetary policy decision within the afternoon. Fed Chairman Jerome Powell is predicted to make his remarks during a press conference at 2:30 p.m. ET. Although the Federal Reserve is predicted to maintain rates of interest stable, traders can be in search of clues about what must occur before rate cuts can finally begin. “There’s a lot of recent data, but we know there’s rot underneath,” Jim Cramer said, pointing to weaker-than-expected consumer confidence numbers on Tuesday. “[Powell] The impression that everything is strong can definitely be corrected [in the economy]“Dupont De Nemours shares rose more than 8% following Wednesday’s quarterly earnings report. There were positive signs of recovery in the company’s semiconductor business – a key reason we first invested in the materials giant.” “People don’t know what it’s like, when.” [CEO] “Ed Breen is on the rise,” Jim said. “This is the DuPont we wanted when we bought it.” Shares of Estee Lauder fell greater than 10% despite the cosmetics company’s solid third-quarter results. There was solid success. The earnings outlook for the present quarter and the revised organic sales outlook unsettled investors. Still, Jim argued that the cosmetics giant is being hated an excessive amount of despite the stock’s drop on Wednesday, he said of the market Amazon posted improbable quarterly results on Tuesday. However, management’s guidance for the present quarter was a bit light, which may very well be as a result of the stock’s muted earnings on Wednesday. But we hope the outlook bears this out. “There is no incentive to say anything unexpected,” Jim said on Wednesday.[Management] didn’t say, “You know what, things are slowing down.” That wasn’t the purpose of the decision. “Things are either moving faster than planned or accelerating, and that’s what matters at Amazon.” After press time, the club raised its price goal to $200 from $190 apiece (full list of stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer gives you a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a share of his charitable foundation. If Jim discussed a stock on CNBC television, he waits 72 hours after issuing the trade alert before executing the trade. THIS INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, ALONG WITH OUR DISCLAIMER NO OBLIGATION SHALL BE OR CREATE BY RECEIVING YOUR INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB.
Thursday, November 28, 2024
