The CNBC Investing Club with Jim Cramer held its “Morning Meeting” livestream on Tuesday, highlighting key moments in the market. The day saw mixed results for U.S. stocks, with Big Tech names causing drag on the S & P 500 and Nasdaq while the Dow saw gains. Nvidia’s rally cooled off following its artificial intelligence conference, but the consensus remains that the company is ahead of the competition. Despite a dip in share price, members are encouraged to stay bullish on the chipmaker.
JPMorgan analysts lowered their price target on Starbucks stock, reflecting a cautious sentiment following the company’s annual meeting. Analysts are adjusting their estimates for the second quarter, citing ongoing challenges in China. Abbott Laboratories saw a slight recovery in stock price after a recent downturn due to market overreaction. The CNBC Investing Club views the sell-off as unwarranted and may consider adding more shares on a pullback.
As a subscriber to the CNBC Investing Club with Jim Cramer, members receive trade alerts before Jim makes a trade. Jim follows a strict protocol before executing trades, waiting a specified amount of time after issuing a trade alert. The information provided by the Investing Club is subject to terms and conditions, privacy policy, and disclaimer, with no guaranteed outcome or profit. Despite market fluctuations and analyst reactions, the club remains focused on making informed investment decisions.