On Thursday, the CNBC Investing Club with Jim Cramer held its “Morning Meeting” livestream where they discussed key moments in the market. The day saw mixed performance in U.S. stocks, with the S&P 500 trading near record highs. The release of May’s producer price index data suggested that inflation pressures may be easing, while weekly jobless claims came in higher than expected, indicating some loosening in the labor market.
Stock Highlights
One of the standout performers on Thursday was Broadcom, whose stock surged 13% after announcing an artificial intelligence-driven earnings beat and a 10-for-1 stock split. The Club’s director of portfolio analysis, Jeff Marks, commented that Broadcom is a strong player in the AI chip space, second only to Nvidia. Despite positive news for Broadcom, Blue Cross Blue Shield of Michigan’s decision to drop coverage of weight loss drugs for Eli Lilly and Novo Nordisk on certain insurance plans in 2025 raised concerns. However, the Club remains confident in its investment thesis for Lilly, citing high demand for its products.
As a subscriber to the CNBC Investing Club with Jim Cramer, members receive trade alerts before Jim makes a move in the portfolio. Jim follows a strict protocol, waiting 45 minutes after sending a trade alert before executing a trade, and 72 hours if the stock has been discussed on CNBC TV. This approach is designed to ensure transparency and prevent any conflicts of interest.
It is important to note that the information provided by the CNBC Investing Club is subject to terms and conditions, privacy policy, and a disclaimer. Subscribers should be aware that no fiduciary obligation exists based on the information shared, and no specific outcome or profit is guaranteed. While the Club provides valuable insights and analysis, investors should conduct their own research and due diligence before making any investment decisions.
The CNBC Investing Club’s Morning Meeting provided valuable insights into the market conditions and highlighted notable stock movements. By following a disciplined trading strategy and staying informed about developments in the market, subscribers can make well-informed investment decisions. It is essential to approach investing with caution and to consider all factors before committing capital to any trade.
Leave a Reply