In a strong week for Wall Street, a wide-ranging group of Club stocks marched higher, including both of our chipmakers benefiting from the artificial intelligence boom. Here’s a breakdown of the Club’s top-five performers over the past five sessions. AVGO YTD mountain Broadcom (AVGO) year-to-date performance Shares of Broadcom jumped 9.55% this week, occupying the … Read more
This week’s strong market pushed three of our portfolio stocks well clear of our current price targets. Since these rallies look like they have legs, we’re taking our numbers up. Nvidia price target increased to $1,050 NVDA YTD mountain Nvidia YTD Coming off a bullish GTC conference where Nvidia CEO Jensen Huang made the case … Read more
CNBC’s Jim Cramer on Friday guided investors through next week’s most important happenings on Wall Street, saying to watch out for earnings from Walgreens as well as new data about consumer spending. “We’re no longer fighting the Fed, people — they don’t seem inclined to raise rates when they’re supposed to be cutting them, that … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Taking a breather: Stocks were mixed … Read more
The Apple Vision Pro has had two major knocks against it since being announced last June: the hefty price tag and the lack of a killer app. However, both criticisms of the mixed reality headset lost their bite this week after a somewhat overlooked announcement from Nvidia CEO Jensen Huang. Speaking at Nvidia’s highly anticipated … Read more
CNBC’s Jim Cramer threw cold water on the Justice Department’s antitrust case against Apple, saying the iPhone maker is still a good stock to buy and own. “The decision by the Justice Department to go against Apple will end up like any of the myriad analysts who’ve gone from buy to hold on Apple’s stock … Read more
Shortly after the opening bell, we will be buying 140 shares of Abbott Laboratories at roughly $112. Following the trade, Jim Cramer’s Charitable Trust will own 700 shares of ABT, increasing our weighting in the portfolio to 2.42% from 1.95%. We are buying more Abbott Laboratories into its recent weakness as we continue to believe … Read more
Reddit’s public debut is not only a watershed moment for the social media company, but it also could deliver broad benefits for the Wall Street firm leading the multibillion-dollar deal: Club holding Morgan Stanley. On Thursday, Reddit will start trading on the New York Stock Exchange with a targeted valuation of around $6.5 billion . … Read more
CNBC’s Jim Cramer on Wednesday said he feels optimistic about the market after the Federal Reserve held rates steady and maintained there would be three cuts before the end of the year. He compared the situation to the claw game in an arcade. When the Fed is tightening, picking winning stocks is as difficult as … Read more
Nvidia CEO Jensen Huang told CNBC’s Jim Cramer the artificial intelligence powerhouse is making humanoid robots because much of the data used to train them comes from the human form itself. “We’re in a world where, in order to write a software for a computer, we use data, or training examples, and the computer learns … Read more
