3 takeaways from Tuesday’s morning meeting
Each weekday, the CNBC Investing Club with Jim Cramer hosts a “Morning Meeting” live stream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Definitely Not A Time To Buy Quick Mentions: F, HUM, META, CRM, AMZN Exclusive Looks At 3 Club Names 1. Definitely Not A Time To Buy Our Short Range Oscillator S &P 500 confidence is at minus 2.37%, indicating that now is not the ideal time to pick up stocks. And although stocks ended higher on Monday, Jim Cramer said the rally was not sustainable for a reason: the market is controlled by the 2-year Treasury, which has become a formidable opponent of stocks due to its high yield. Investors seem to be betting that the yield, which has been hovering around 4%, will rise to 6% – which he says beats nearly all stocks in the S&P. 2. Quick Mentions: F, HUM, META, CRM, AMZN Shares of Ford (F) fell 9% on Monday morning after warning of an additional $1 billion in costs stemming from inflation and chain issues. supply. The automaker said that while parts shortages will prevent delivery of about 40,000 to 45,000 vehicles, they will hit dealerships in the fourth quarter. We believe this news creates an opportunity for investors to buy Ford stock at $13. Morgan Stanley upgraded Humana (HUM) to buy hold and raised its price target to $549 on Tuesday morning, reaffirming our preference for defensive stocks. Meta Platforms (META) CEO Mark Zuckerberg announced on Tuesday that the company is partnering with Salesforce (CRM) to help businesses better engage with customers on the messaging service WhatsApp. Some people are speculating that Meta could create WhatsApp, with the Salesforce partnership, which would be great for shareholders. While some have scoffed at Amazon’s (AMZN) purchase of “Thursday Night Football,” the record number of new Prime signups drawn during its 3-hour broadcast shows it was a smart move. 3. Exclusive Insights into 3 Club Names Jim will sit down with the CEOs of Nvidia (NVDA), Johnson & Johnson (JNJ) and Salesforce for Tuesday night’s episode of “Mad Money,” from San Francisco. Check back to the Investing Club page for exclusive interview highlights. (Jim Cramer’s Charitable Trust is long F, HUM, META, AMZN, NVDA, JNJ, CRM. See here for a full list of stocks.) As a CNBC Investing Club subscriber with Jim Cramer, you’ll receive a trade alert before Jim doesn’t make a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, AS WELL AS OUR DISCLAIMER. NO OBLIGATION OR FIDUCIARY DUTY EXISTS, OR IS CREATED BY YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO SPECIFIC RESULTS OR PROFITS ARE GUARANTEED.
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