Every weekday, CNBC Investing Club with Jim Cramer hosts a livestream of the “Morning Meeting” at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. The S&P 500 rose 0.7% on Thursday, despite tech giant Nvidia’s drop following its earnings release. Shares of the AI ​​chipmaker fell 3.5% after the corporate comfortably beat estimates for revenue and profit on Wednesday. The problem: Nvidia didn’t quite meet analysts’ high estimates for the corporate’s full-year gross margins. “That was Jensen Huang dying,” Jim Cramer said of the corporate’s chief executive. He added that his long-term thesis on the stock hasn’t modified, but said investors shouldn’t buy on dips just yet. The club would buy more Dover shares, nonetheless, if it weren’t constrained. During his conference call with investors and analysts following the earnings release, Huang mentioned that a “significant” number of information center operators want to adopt liquid cooling technology for his or her servers. Dover, which makes thermal connectors for data center liquid cooling, should proceed to learn as Nvidia sells more GPUs to customers using the technology. The stock gained 0.7% on Thursday. Salesforce shares rose greater than 1% after the enterprise software company released a better-than-expected earnings report on Wednesday night. “This was a really, really good quarter,” Jim said. We were joyful to see Salesforce’s margin story get back on the right track and positive commentary on upcoming offerings like its two latest AI tools. (Jim Cramer’s Charitable Trust is long NVDA, DOV and CRM. A full list of stocks could be found here.) As a subscriber to CNBC Investing Club with Jim Cramer, you may 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 has discussed a stock on television on CNBC, he waits 72 hours after the trade alert is issued before executing the trade. THE INFORMATION REGARDING INVESTING CLUB PROVIDED ABOVE IS SUBJECT TO OUR TERMS OF SERVICE AND PRIVACY POLICY AND OUR DISCLAIMER. NO FIDUCIARY OBLIGATION OR DUTY EXISTS AND WILL NOT BE CREATED BY RECEIVING INFORMATION RELATED TO INVESTING CLUB. NO PARTICULAR RESULT OR PROFIT IS GUARANTEED.
Monday, November 25, 2024
