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Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "This is a very cheap stock versus Nvidia" Jim Cramer said. 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, Stocks, Jim, Johnson, Goldman Sachs, Jim Cramer's Organizations: CNBC, Nvidia, Devices, Bloomberg, AMD, Texas, Coterra Energy, Analysts, YouTube, Federal, Dow, Johnson, Bank of America, Walgreens Locations: Persian, Israel, U.S
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. 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. 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.
Persons: Jim Cramer, Morgan Stanley, Wells, Stocks, Lisa Su, Su didn't, Goldman Sachs, Johnson, Jim Cramer's, Jim Organizations: CNBC, Dow, Nasdaq, Monday, Tech, Energy, Wells, Nvidia, AMD, Citigroup, Bank of America, United Health, Walgreens, Abbott Laboratories, Jim Cramer's Charitable Locations: Friday's, China
In a Monday interview with CNBC's Jim Cramer, Super Micro Computer CEO Charles Liang said his company is trying to reduce data centers' impact on the environment. Super Micro Computer is a server and computer infrastructure company with high profile customers like artificial intelligence giant Nvidia and Elon Musk's AI startup. Liang said Super Micro's "liquid cooling" and "green computer" help cut down on customers' carbon footprint and save them money. Nasdaq announced Friday evening that Super Micro Computer would join the Nasdaq 100 on July 22, replacing Walgreens . He added that he believes "this AI revolution can be bigger even than the industrial revolution."
Persons: CNBC's Jim Cramer, Charles Liang, Liang Organizations: Micro Computer, Nvidia, Elon, Nasdaq, Computer, Walgreens, Microsoft
It's a week jam-packed with notable events, including earnings from Apple , Amazon and Eli Lilly . He also said to pay attention to Wednesday's Federal Reserve meeting and Friday's employment figures from the Department of Labor. "We have to run such a ridiculous gauntlet next week that I have no idea how it'll play out," he said. Wednesday also brings reports from Wingstop , Carvana and Marriott . Apple will report on Thursday, and Cramer noted there's been a lot of negative sentiment from investors surrounding the company.
Persons: CNBC's Jim Cramer, Eli Lilly, Jensen Huang, Cramer, it's, he'll, Seagen, there's Organizations: Apple, Federal Reserve, Department of Labor, Nvidia, Food and Drug Administration, Starbucks, CVS, Pfizer, Amazon, Walgreens, Marriott, Vision Locations: It's, China, Wingstop, Carvana
GlaxoSmithKline on Wednesday sued Pfizer in U.S. court, alleging patent infringement over Britain-based GSK's respiratory syncytial virus vaccine. GSK claims Pfizer's RSV vaccine, Abrysvo, infringes on four of its patents related to the antigen used in its own shot. "Upon information and belief, Pfizer knowingly uses GSK's claimed inventions in Abrysvo without permission," GSK wrote in a scathing complaint filed in federal court in Delaware. They are the first shots approved to prevent RSV, a common respiratory infection that usually causes mild, cold-like symptoms, but more severe cases in older adults and children. Each year, RSV kills 6,000 to 10,000 seniors and a few hundred children younger than 5, according to CDC data.
Persons: infringes Organizations: GlaxoSmithKline, Wednesday, Pfizer, GSK, U.S . Food, Drug Administration, Walgreens Locations: Britain, Delaware
Investors were snapping up shares of stocks including AmerisourceBergen and Take-Two in the last two weeks of the second quarter. CNBC Pro compiled the other most overbought stocks below: Airline stocks Southwest and Delta made the list, with both having an index above 90. Wall Street has a favorite among the two competitors: nearly 86% of analysts rate Delta a buy compared with nearly 43% for Southwest. But Wall Street does expect the 2023 rally to continue, with the average price target implying a nearly 7% upside from here. But the average Wall Street analyst expects shares to rally more than 25% in the next year.
Persons: AmerisourceBergen, Mills, General Mills, Zions Bancorporation, Fred Imbert Organizations: Walgreens, Nasdaq, CNBC Pro, Delta, Southwest Locations: Delta, FactSet
Stocks that rallied Tuesday in response to "less than stellar" quarterly reports could bode well for earnings season, CNBC's Jim Cramer said. Cramer pointed to three companies that reported within the last 24 hours as examples: Spice company McCormick , Calvin Klein and Tommy Hilfiger parent company PVH and Walgreens . The company reported earnings growth of 10%, above the 8.9% consensus number. Walgreens' rally was also "totally baffling," Cramer said, because it reported an adjusted operating income of $1.2 billion that missed consensus estimates. Cramer said he thinks these companies are representative of the broader market.
Equity duration is the time until the company's cash flows are received, weighted by their present values. Goldman defines its equity duration estimates as a weighted-average distribution of cash flows. However, short-duration stocks are the ones with strong earnings today, but no promise of earnings growth down the road. These short-duration names may provide a hedge against rising rates. The median implied equity duration for stocks in the basket is 18.3 years versus 22.2 years for the Russell 1000.
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