Published
5 months agoon
By
adminEvery weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. The stock market is higher Wednesday as a rollout of better-than-expected earnings overshadowed investor concerns on intensifying U.S.- China trade talks. President Donald Trump ‘s latest threat to China on Tuesday afternoon derailed the S & P 500’s rally attempt. That failed comeback had been fueled by earlier comments from Fed Chair Jerome Powell suggesting that the central bank may soon end quantitative tightening , or, in simpler terms, stop reducing the size of its bond holdings. “If we’re going to react to all these posts [by Trump], we should be a buyer, not a seller,” Jim Cramer said. 2. Jim and Jeff Marks spent a lot of time debating what to do with certain names in the portfolio. Jim brought up maybe selling Abbott Laboratories , which has been a winner but disappointed again. He pointed out overlap with struggling Danaher, which might be getting over the hump. He said we don’t want two companies levered to China’s health-care industry. Jim entertained a new look at Johnson & Johnson , calling it a better run company than these two. “I don’t want to be in anything but the best companies for this portfolio,” he said. Jim is really torn on Salesforce , saying CEO Marc Benioff gave a great Dreamforce keynote but thinks it might take some time for the struggling stock to get better. Jim wonders whether investors will have the patience. Jim said, ” Starbucks may be one of our key positions,” and still believes in the turnaround story there. Finally, Jim said it might be time to buy Costco for those who don’t own it now that it’s multiple is so low. 3. BTIG initiated coverage of Nike with a $100 price target and named it a top pick for 2026. The analysts have faith in Nike’s turnaround under CEO Elliott Hill though, they recognize there’s more work to do for a full comeback. Jim said it was an “amazing” call from BTIG. “We want to bank on smart executives who are doing very difficult turnarounds over multiple years. Nike maybe the cheapest stock in the portfolio right now,” Jim said. He noted that Nike’s price to earnings ratio is not as overvalued as it seems, but appears to be because its “earnings have been depressed.” If profits rebound, as we expect, the valuation will look better. (Jim Cramer’s Charitable Trust is long ABT, CRM, DHR, NKE . See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will 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 trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
This industrial giant is emerging as a big AI play, says Wells Fargo
Novo Nordisk’s strategy tested as investors push back on board revamp
Alibaba plans AI subscriptions, stablecoin-like payments with JPMorgan
UK borrowing costs spike on report government to scrap plans to raise income tax
Trump’s threatened the BBC with a $1B lawsuit: Here’s what’s going on
UBS’s picks for global returns next year
Wells Fargo sees Caterpillar continuing to roar higher, emerging as an artificial intelligence play. The bank initiated shares of...
Flags with the logos of Danish drugmaker Novo Nordisk, maker of the blockbuster diabetes and weight-loss treatments Ozempic...
Key Points Alibaba plans to use “tokenization” of payments for cross-border transactions in its business-to-business arm. Kuo Zhang, president...
Rachel Reeves, U.K. chancellor of the exchequer, delivers a speech in London, UK, on Tuesday, Nov. 4, 2025. Bloomberg...
US President Donald Trump speaks to reporters as he arrives at Palm Beach International Airport on Oct. 31,...
Investors looking for global diversification opportunities should look to a specific subset of stocks in Europe, according to UBS...
Eakarat Buanoi | Istock | Getty Images LISBON, Portugal — Top tech executives told CNBC they’re concerned about...
Tan Su Shan, deputy chief executive officer and managing director of institutional banking at DBS Group Holdings Ltd., speaks during...
CHENGDU, CHINA – OCTOBER 18: People walk past the Louis Vuitton store at Taikoo Li, a high-end shopping area that...
The United States said Thursday it will remove tariffs on some foods and other imports from Argentina, Ecuador, Guatemala and...
