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☆ Here are 9 stocks that can benefit from Fed interest rate cuts
▼ + stars: | 2024-06-13 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Housing We see Stanley Black & Decker as a major beneficiary of Fed rate cuts due to its link to the housing market. On the one hand, lower rates mean a bank like Wells Fargo makes less money on the money it lends. Biotech Danaher should also see some benefit as lower rates lead to improved funding dynamics for biotech companies. Like in housing, monthly payments become far more manageable at lower rates, and therefore affordability and demand, stand to increase. Salesforce , which has also highlighted more measured deal activity, might not benefit as much from lower rates.

Persons: Jerome Powell, Stanley Black, Decker, Stanley, That's, Wells, Morgan Stanley, SVB, Ford, We're, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Nasdaq, CNBC, Fed, Biotech, Silicon Valley Bank, Ford, Palo, Networks, Microsoft, Jim Cramer's Charitable, Bloomberg, Getty Locations: Wells, Wells Fargo, Silicon Valley, Colma , California

☆ Why we're still skeptical of Starbucks' turnaround despite a major Wall Street endorsement
▼ + stars: | 2024-06-13 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

A new endorsement of Starbucks from a top Wall Street research firm doesn't budge our skepticism about the coffee giant's ability to deal with the multiple challenges holding back its stock. Goldman Sachs on Thursday initiated coverage of Club name Starbucks with a buy rating and a $100-per-share price target. That price target represents more than 25% upside to the prior session's close. That night, we downgraded the stock to a 2 rating and cut our price target to $90 per share. A store of Starbucks Coffee shop chain located in Amsterdam city center with people sitting inside, enjoying a coffee after shopping in the cafe, while others are walking by.

Persons: Goldman Sachs, Jim Cramer, Goldman, Jim, Laxman Narasimhan, Narasimhan, Jim Cramer's, Nicolas Economou Organizations: Starbucks, CNBC, Nurphoto, Getty Locations: China, Amsterdam

☆ Broadcom surges to a record after earnings. 3 reasons why the stock can go even higher
▼ + stars: | 2024-06-13 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Broadcom surged more than 12% to a record high Thursday following an excellent fiscal second-quarter earnings report on Wednesday night . The other part of Broadcom's AI business is selling products like Ethernet switches that help stitch together servers inside data centers. AVGO 1Y mountain Broadcom's stock performance over the past 12 months. Tan said on the call Wednesday that customer — aka Apple — is all of Broadcom's wireless business. Wall Street estimates for Broadcom's wireless business will need to rise to reflect the increased iPhone demand we expect to see.

Persons: —, Hock Tan, Tan, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Broadcom, Nvidia, Apple, Apple Intelligence, America, VMWare, CNBC, Getty Locations: San Jose , California

☆ Here's why Danaher shares fell 4% on Thursday — a week after hitting record highs
▼ + stars: | 2024-06-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

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. Stocks little changed: Markets were mixed to lower Thursday following a rally to new record highs Wednesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a 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.

Persons: Jim Cramer, Danaher, Tony Hunt, Repligen, Stifel, we'll, Jim Cramer's, Jim, Andrew Kelly Organizations: CNBC, Treasury, Broadcom, Jim Cramer's Charitable, New York Stock Exchange Locations: financials, Michigan, New York City, U.S

☆ Jim Cramer says it's still too early to buy Nike — but he likes these 3 stocks
▼ + stars: | 2024-06-13 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +1 min

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Shares added more than 2%. "I like the stock very much," Jim Cramer said, acknowledging that CEO Michael Hsu has needed to implement needed to cut costs as part of a business reorganization. Nike : Shares added 0.4% after analysts at Deutsche Bank resumed coverage of the athletic footwear and apparel maker with a buy rating. "I would be very careful" with Nike's stock, Cramer said.

Persons: Jim Cramer's, Jim Cramer, Michael Hsu, Cramer, Dave, Joey Chestnut, Takeru Kobayashi Organizations: CNBC, Club, Clark : Bank of America, CNBC Investing Club, Procter, Gamble, Nike, Deutsche Bank, Netflix, Cola, Citigroup

☆ Blistering AI demand drives a beat and raise at our other chipmaker Broadcom
▼ + stars: | 2024-06-12 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

We view Broadcom as one of the biggest AI beneficiaries through its networking and custom chip businesses. And it's a good thing that Broadcom wants to make its stock more accessible to investors and employees. Broadcom said the spending run rate at VMware was $1.6 billion in the quarter, down from $2.3 billion per quarter pre-acquisition. Outlook Following the strong first half of its fiscal year 2024, Broadcom raised both its revenue and adjusted EBITDA outlook. The positively revised update is above FactSet estimates of $50.58 billion in revenue and $30 billion of adjusted EBITDA.

Persons: Hock Tan, we've, Tan, Jim Cramer's, Jim Cramer, Jim, Broadcom Lucas Jackson Organizations: Broadcom, VMware, Revenue, Club, LSEG, VMWare, Wall Street, Marvell Technology, Devices, Nvidia, Lam, Chipotle, Walmart, Apple, Infrastructure Software, CNBC Locations: Hock

☆ Cramer sees natural gas producers and data center operators reaching 'monumental' deals to power AI
▼ + stars: | 2024-06-12 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

Data center operators may cut supply agreements directly with natural gas companies to meet the growing power demands of the artificial intelligence boom, CNBC's Jim Cramer predicted Wednesday. In fact, the CEO of oil-and-gas producer Coterra Energy told Cramer the company is considering whether to do just that. However, many energy industry experts think natural gas also will play a critical part in meeting AI-related power needs . Those dynamics explain why Cramer asked Jorden whether data-center companies should strike multiyear agreements with natural gas companies that lock in supply of the commodity at consistent prices. You know, there's a lot of natural gas in this country ready to be brought to market," Jorden told Cramer.

Persons: Jim Cramer, Coterra Energy, Cramer, Coterra, Thomas Jorden, EQT, CTRA @NG, —, Jorden Organizations: Coterra, CNBC Investing Club, CNBC, Gas, Microsoft — Locations: Houston, Pittsburgh, U.S

☆ Another huge GM buyback makes it plain to see that Ford must follow suit to boost its stock
▼ + stars: | 2024-06-11 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

General Motors approved yet another stock buyback — adding to our frustration that portfolio name Ford has yet to embark on a repurchase program of its own. GM on Tuesday announced a new $6 billion buyback — weeks before its November $10 billion repurchase authorization is set to be completed. "I'm very upset with Ford," Jim Cramer said during the Morning Meeting for Club members. While encouraged by Ford's successful pivot, we believe a sizeable stock buyback would be a catalyst for Ford shares as it has been for GM. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Ford, Jim Cramer, Mary Barra, GM's buyback, John Lawler, repurchases, . Ford, Ford's, Jim Cramer's, Jim, Danielle DeVries Organizations: Motors, Ford, GM, Club, CNBC, Deutsche Bank, New York Locations: .

☆ A successful Alzheimer's drug will help Eli Lilly join the $1 trillion club
▼ + stars: | 2024-06-11 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Eli Lilly became the most valuable health-care company in the world on the back of its blockbuster diabetes and obesity drugs. The billions of dollars in Eli Lilly is investing in manufacturing capacity support the idea that the long-term opportunity is immense. Adding Eli Lilly to the market could help address some of the obstacles that limited Leqembi's sales early on. Eli Lilly, which has spent billions in search of a successful Alzheimer's treatment , had hoped for donanemab to be approved by now. A sign with the company logo sits outside of the headquarters campus of Eli Lilly and Company on March 17, 2024 in Indianapolis, Indiana.

Persons: Eli Lilly, donanemab, Eli Lilly's, Donanemab, Leqembi —, Biogen, —, Jim Cramer's, Ken Langone, Morgan Stanley, Cantor Fitzgerald, Leqembi, Jim Cramer, Jim, Scott Olson Organizations: Food and Drug Administration, FactSet, Novo Nordisk, FDA, GE Healthcare, CNBC, Company, Getty Locations: GLP, Indianapolis , Indiana

☆ Tuesday's rapid fire: GM, Shopify, Cleveland-Cliffs, GE Vernova and Celsius
▼ + stars: | 2024-06-11 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTuesday's rapid fire: GM, Shopify, Cleveland-Cliffs, GE Vernova and CelsiusJim Cramer looks at five stocks in the news outside the CNBC Investing Club portfolio.

Persons: Jim Cramer Organizations: GE Vernova, CNBC, Club Locations: Cleveland

☆ Here's an undervalued stock that can benefit from new Alzheimer's drugs
▼ + stars: | 2024-06-11 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. 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. 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.

Persons: Jim Cramer, Financials, Morgan Stanley, Wells, —, Jim, Eli Lilly, Biogen, Jim Cramer's, LLY, DOV Organizations: CNBC, Federal, GE Healthcare, FDA, GE, JPMorgan, Dover Locations: That's, Dover

☆ Apple jumps to a new high after AI unveil — plus, our latest thinking on 6 more portfolio stocks
▼ + stars: | 2024-06-11 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

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. "Notice where Stanley Black & Decker is when you have a good day for the bonds," Jim Cramer pointed out. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a 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.

Persons: Jim Cramer, you'll, Stanley Black, Decker, Dupont, Ed Breen, Jim, Eli Lilly, Eli Lilly Alzheimer's, Banks, Wells, Michael Santomassimo, Santomassimo, Morgan Chittum, We've, Tom Jorden, Coterra, Jorden, Jerome Powell, Jim Cramer's Organizations: CNBC, Longtime, Apple, Treasury, Club, DuPont, GE Healthcare, Huntington, Investing Club, Coterra Energy, Broadcom, VMware, Jim Cramer's Charitable

☆ Jim Cramer says don't bet against Celsius or Shopify. He looks at 3 other stocks, too
▼ + stars: | 2024-06-11 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +1 min

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Jim Cramer has been calling for Ford, a CNBC Investing Club portfolio name, to do a buyback, too. But now that's reflected in the stock," Cramer said. Cramer said this research note was so negative that "I don't care that i[Cleveland-Cliffs] is down 28% for the year. "Gratuitous neutral," Cramer said.

Persons: Jim Cramer's, Jim Cramer, Ford, Cramer, Morgan Stanley, it's Organizations: CNBC, Club, General Motors, Ford, Shopify, JPMorgan, Cliffs, GE Vernova, Citi, Costco Locations: Cleveland

☆ Our only energy stock has more room to run as natural gas prices surge
▼ + stars: | 2024-06-10 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer said investors shouldn't make any big moves in anticipation of the market-moving events. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a 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.

Persons: Jim Cramer, shouldn't, Jim, Nat, Jim Cramer's Organizations: CNBC, Broadcom, Nvidia, Apple, Energy, UBS, Club, Honeywell Locations: CTRA

☆ Apple’s new AI features for the iPhone should fuel just what investors wanted
▼ + stars: | 2024-06-10 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

On Monday, the longtime Club holding unveiled its long-awaited generative AI initiatives, known as Apple Intelligence. It means that Apple's new AI tools should be able to boost lagging iPhone sales, which make up roughly half of the company's overall revenue. The iPhone 15 Pro and Pro Max, which were released last year, are the only versions of the smartphone currently compatible with Apple Intelligence. "Even if iPhone 15 users don't upgrade right away, they now have a very good reason to do it sooner than they otherwise would have. Taken together, these suite of features show that Siri is getting the makeover that Jim Cramer recently argued would be crucial for an iPhone upgrade cycle to ensue.

Persons: Siri, Pro Max, Zev Fima, Fima, Kelsey Peterson, Apple, Jim Cramer, Jim, Jim Cramer's, Tim Cook, Nic Coury Organizations: Apple, Monday, Club, Apple Intelligence, Pro, Investing, Apple News, Microsoft, CNBC, Developers, AFP, Getty Locations: China, Cupertino , California

☆ Power stocks up, SaaS challenges and awaiting AI updates at Apple's big event
▼ + stars: | 2024-06-10 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

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. Club stock Eaton traded more than 2% higher at one point Monday after pulling back more than 5% last week. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a 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.

Persons: Jim Cramer, Eaton, there's, We're, Jim, Salesforce, we'll, Jim Cramer's Organizations: CNBC, Nasdaq, Nvidia, Club, Dell Technologies, Micro, Dover Corp, Energy, Constellation Energy, GE Vernova, Justice, Developers, Apple, Vision, Jim Cramer's Charitable, Apple Inc Locations: United States, China, Cupertino , Calif

☆ How Costco is expanding e-commerce on 3 fronts and what's next for the record-high stock
▼ + stars: | 2024-06-10 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Everybody, including Costco, is chasing Amazon, which accounts for 45% of all U.S. e-commerce sales, according to JPMorgan in a research note Monday. While unlikely to compete at the level of Amazon or Walmart online in the near future, Costco could carve out a lucrative e-commerce lane with its loyal, value-orientated customers. Engaged members want to spend more online at Costco "given the value/quality and cash back," the analysts added. Costco has an "incredible opportunity to better target customers and leverage its rich database of perfect data and is still in its early innings" of e-commerce, JPMorgan said. Adding to the e-commerce story, JPMorgan cited the Costco Logistics network, which has amped up "e-commerce fulfillment of bulky items."

Persons: Jim Cramer, Morgan Stanley, Gary Millerchip, Instacart, Jim Cramer's, Jim, John Keeble Organizations: Costco, JPMorgan, Walmart, Amazon, Target, Kroger, Costco Logistics, Logistics, CNBC, Lakeside, Getty Locations: Grays, United Kingdom

☆ Jim Cramer says buy Southwest on activist push — and his thoughts on 2 tech stock downgrades
▼ + stars: | 2024-06-10 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. "Southwest Air is an underperformer for many, many years, but it does have a good balance sheet," Jim Cramer said. "I'm not so sure they're as high as people think," Cramer said. The CNBC Investing Club has long owned Nvidia , the dominant maker of AI chips. And yet if you look at the long term, Palo Alto has been very good," Cramer said.

Persons: Jim Cramer's, Elliott, Jim Cramer, Ben Reitzes, Cramer, you've, Morgan Stanley, Lisa Su's, GoDaddy, George Kurtz Organizations: CNBC, Club, Southwest Airlines, Elliott Management, Melius, Adobe, Devices, Nvidia, Walmart, JPMorgan, Costco, Investing Club, KKR, Palo Alto, Palo Alto Networks Locations: Texas, —, Palo Alto

☆ What's the best way to determine whether to invest in a company after its IPO?
▼ + stars: | 2024-06-09 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

The timeline between filing the form and the actual IPO ranges, but it usually happens between several months and a year. If the float represents a very low share of total shares outstanding, it means more potential volatility in the stock. The smaller the IPO, or lower the float, the stronger the likelihood of a big swing post-lockup. If we are seeking to determine intrinsic value, the lockup period shouldn't impact our decision on whether the stock is a buy or not. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, — Tom, they've, Jim, Brendan Mcdermid Organizations: Securities and Exchange Commission, CNBC, Traders, Rubrik, Microsoft, New York Stock Exchange Locations: New York, New York City, U.S

☆ Reflecting on a bad market call 25 years ago reminds me to look for what can go right
▼ + stars: | 2024-06-09 | by ( Jim Cramer | ) www.cnbc.com time to read: +8 min

When your job is to write a commentary about the stock market you start with a blank Word document. I bring up this mortifying moment because it reminds me of what happens if you write to extreme. No, nobody's saying, "How wrong Cramer can be, just watch the collapse that occurs now." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim Cramer on Squawk on the Street, June 30, 2022.

Persons: Cramer, Karen Cramer, bullish, that's, Bob Dylan, Mike Wilson, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim, Squawk, Virginia Sherwood Organizations: Cramer & Co, Federal Reserve, Nvidia, Water, Hamptons, CNBC Locations: Water, New York City, John

☆ Here are the 5 things we’re most focused on in the stock market this busy week
▼ + stars: | 2024-06-08 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

All three major averages closed higher for the week, shrugging off Friday's hotter than expected jobs report. No portfolio names reported this week, but we will hear from one last stock next week. Last quarterly Club stock report : Broadcom reports on Wednesday after the closing bell. 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.

Persons: Nonfarm, Dow Jones, FactSet, We'll, we've, Jerome Powell, Siri, Jim Cramer's, Jim Cramer, Jim, Tim Cook, Justin Sullivan Organizations: Dow Jones Industrial, Nasdaq, Dow, Labor Department, Federal Reserve, Technology, Utilities, PPI, Broadcom, VMWare, Apple's, Sports, GameStop, Oracle, Casey's, Buster's Entertainment, Oxford Industries, Signet Jewelers, SIG, Jim Cramer's Charitable, CNBC, Apple, Apple Worldwide Locations: FactSet, Cupertino , California

☆ Fed rate cut guessing game dominates ahead of 5 major events for investors
▼ + stars: | 2024-06-07 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Market wrap : Stocks were mixed and drifting in Friday afternoon trading. Wall Street's earlier gains Friday came despite a surge in bond yields and another pushout of Federal Reserve interest rate cut odds. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a 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.

Persons: Jim Cramer, Morgan Stanley, Friday's, Eli Lilly, Lilly, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Abbott Laboratories, Nvidia, Apple, Developers, FDA, Broadcom, Jim Cramer's Charitable Locations: Wells

☆ Wall Street showers an AI chipmaker we own with praise — and it's not Nvidia
▼ + stars: | 2024-06-07 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

JPMorgan upped its growth forecast for the custom AI chip market and said Broadcom's dominance in the space is poised to continue. Essentially, these networking chips help make up the plumbing of data centers. The second line of Broadcom's AI business is custom processors, where the company is best-known for co-designing Alphabet's tensor processing units, or TPUs. Google-parent Alphabet and Broadcom have collaborated on the creation of the AI chips for years, with the sixth-generation TPU being announced last month . The AI chips made by market leader Nvidia and rival AMD are more general purpose.

Persons: Bernstein, Melius, —, Jensen Huang, Jim Cramer's, Jim Cramer, Jim, Hock Tan, Broadcom Lucas Jackson Organizations: Nvidia, Wall, Broadcom, Melius, JPMorgan, Wall Street, VMWare, Google, Amazon, Microsoft, Marvell Technology, Marvell, AMD, CNBC

☆ We're taking profits in an industrial at a 52-week high and buying more of another
▼ + stars: | 2024-06-07 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

We are buying 125 shares of DuPont at roughly $80 and selling 85 shares of Honeywell at roughly $210.74. With the stock now trading at a new 52-week high of $210.88 on Friday, we are booking profits. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a 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.

Persons: Jim Cramer's, We've, We're, we've, Ed Breen, Jim Cramer, Jim, Edward Breen, Brendan McDermid Organizations: DuPont, Honeywell, DD, Carrier's, Solutions, Management, CNBC, New York Stock Exchange

Club holdings Microsoft and Best Buy were the subject of upbeat Wall Street research, while TJX Companies hit an intraday high Friday on the same day it announced plans to enter a new international market. BBY YTD mountain Best Buy year-to-date performance The news: Loop Capital increased its Best Buy price target to $100 from $93 while maintaining its buy rating on the stock. On the stock, Loop sees Best Buy trading at a "significant discount" to the valuations of other retailers with relatively slow growth. Shares of Best Buy were slightly lower Friday, though they hit a new 52-week high Friday of $89 each earlier in the session. TJX YTD mountain TJX Companies (TJX) year-to-date performance The news: TJX Companies is expanding into Mexico.

Persons: Oppenheimer, OpenAI, Copilot, it's, we're, Jim, I'm, bode, Citigroup's, Tommy Hilfiger, Calvin Klein, Axo, Ernie Herrman, TJX, Jim Cramer's, Jim Cramer, Shannon Stapleton Organizations: Microsoft, TJX Companies, Analysts, Federal Trade Commission, CNBC, Club, Amazon, TJX, Grupo Axo, Axo, Black Locations: Mexico, Chile, Peru, Maxx, U.S, Westbury , New York

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