close
close

Latest Post

Potato salad is TikTok’s crispy version of a summer classic The Metal Gear Solid movie was supposed to adapt a specific game
Jim Cramer’s Top 10 Things to Watch on Friday in the Stock Market

My top 10 things to see on Friday, June 28th

  1. The S&P500 And Nasdaq are on track for their fourth straight gain on Friday after the Federal Reserve’s preferred inflation gauge showed inflation cooled in May. As of the final trading day of the second quarter, the S&P 500 is up 15% year-to-date, while the tech-heavy Nasdaq is up 19%. The struggling Dow is up just 3.8%.
  2. The core PCE index rose 2.6% year-on-year in May, in line with Wall Street estimates and the lowest annual increase since March 2021. In April, the inflation indicator rose 2.8% year-on-year.
  3. The CME FedWatch tool continues to indicate that the market expects the Fed to make its first rate cut in this inflation-fighting campaign in September. The Fed’s forecasts after the June meeting were for a rate cut by year-end.
  4. Nike Disaster. What’s going on here? The Dow Jones fell more than 15% after the company missed quarterly targets and forecast a much larger-than-expected 10% drop in sales for the current quarter. Nike blamed weakness in China and mixed global consumer trends. Analysts cut their price targets and their stock ratings. However, Goldman Sachs maintained its buy rating. Was this report worse than the Name Club? Starbucks‘ quarter?
  5. If you think Donald Trump is more likely to return to the White House after President Joe Biden’s performance in the debate on Thursday night, then I believe a second Trump administration would be pro-merger, anti-China, pro-energy, anti-Mexico. I’m not pro-Trump. I’m not pro-Biden. I want to help people make money.
  6. Numerous price target reductions on Wall Street for Walgreens Boots Alliancewhich on Thursday cut its earnings forecast in what the drugstore chain described as a difficult consumer environment. The Dow Jones lost another 1.5 percent, following its 22 percent slump following the earnings announcement.
  7. Barclays cut its General Mills Price target raised to $67 per share from $72 but maintained a hold rating. Analysts cited weaker industry trends after the consumer and pet food maker reported mixed quarterly results after the market closed on Wednesday. The company’s outlook was weaker than expected due to pricing pressure.
  8. Susquehanna began reporting on our new name Next rascal with a positive rating and a price target of $59 per share. We initiated a club position in the renewable energy company at our monthly meeting in June on Thursday afternoon.
  9. During the meeting, I also explained how to use a concept from my time as a hedge fund investor to evaluate whether or not your stocks are working. We also provided a quick update on all 33 stocks in our club portfolio, including some stocks to buy now.
  10. Oppenheimer increased its Apple Price target raised to $250 per share from $200 and maintained a buy rating. Analysts said Name Club will be the leader in AI experiences for consumers. Meanwhile, Apple’s Vision Pro mixed reality headset has launched in China, Japan and Singapore.

Sign up for my Top 10 Morning Thoughts on the Market Free email newsletter

(See Here for a complete list of holdings at Jim Cramer’s Charitable Trust.)

What Investing Club members are currently reading

As a subscriber to CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after a trade alert is sent before buying or selling a stock in his charitable foundation’s portfolio. If Jim has discussed a stock on CNBC television, he waits 72 hours after the trade alert is issued before executing the trade.

THE INFORMATION RELATED TO INVESTING CLUB DESCRIBED ABOVE IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY AND OUR DISCLAIMER. NO FIDUCIARY OBLIGATION OR DUTY IS CREATED OR GIVEN BY RECEIVING INFORMATION RELATED TO INVESTING CLUB. NO ONE IS GUARANTEED TO RESULT IN ANY PARTICULAR RESULT OR PROFIT.

Leave a Reply

Your email address will not be published. Required fields are marked *