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☆ Here are 20 stocks Jim Cramer is watching Wednesday, including Datadog and IFF
▼ + stars: | 2023-08-09 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

In Customer relationship management software, the CNBC Investing Club owns Salesforce (CRM). Again do not dismiss this one and Alteryx (AYX) as I think that there is real weakness in this quarter's enterprise software market. 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: WEN, Jim Cramer's, Jim Cramer, Jim Organizations: Palo Alto, JPMorgan, CNBC, Club, Mizuho, Datadog, Bloomberg, Boston, Citi, Barclays, Brands, RBC, Holdings, PepsiCo, Jim Cramer's Charitable Locations: Wells

☆ Kellogg raises annual profit outlook on higher prices
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +1 min

Kellogg's cold cereal products are pictured in a market in New York, U.S., June 21, 2022. REUTERS/Mike Segar/File PhotoAug 3 (Reuters) - Kellogg Co (K.N) on Thursday forecast a smaller drop in annual profit than it had previously expected, as multiple price hikes for its breakfast snacks and cereals helped strengthen its margins. The Corn Flakes maker said it expected 2023 adjusted profit per share to decline between 1% and 2%, compared with the prior forecast for a decline of 1% to 3%. However, the company posted a 4.6% rise in net sales to $4.04 billion in the second quarter, missing analysts' expectations of $4.07 billion, according to Refinitiv data. Reporting by Mehr Bedi and Aatrayee Chatterjee in Bengaluru; Editing by Milla NissiOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Segar, Mehr Bedi, Aatrayee Chatterjee, Milla Nissi Organizations: REUTERS, Kellogg, PepsiCo, Conagra Brands Inc, Hershey, Thomson Locations: New York, U.S, Bengaluru

☆ A consumer spending slowdown is coming in the second half of 2023
▼ + stars: | 2023-08-03 | by ( Ian Thomas | ) www.cnbc.com time to read: +4 min

Right now, Peterson says, the data suggests that consumers are spending across the economy and consumer sentiment has taken a turn for the better. "For most of this year, consumers were saying right now is okay, but we're worried about the future; we think a recession is coming." Peterson's first area of concern relates to the aggressive interest rate hikes made by the Federal Reserve over roughly the past year and a half, 11 rate hikes that have taken its benchmark rate above 5%. The "lagged effects of interest rate hikes will start hitting consumer spending," Peterson said. "Certainly, for the second half of the year, we're going to see slower consumer spending," Peterson said.

Persons: Dana Peterson, Peterson, Kate Rogers, cardholders, Ryan McInerney, Ramon Lagurta, there's, Jamie Dimon, we're, Jerome Powell Organizations: Conference Board, CNBC, CNBC's, PepsiCo, Federal Reserve, JPMorgan, U.S . Department of Education

☆ Monster Beverage sales miss estimates on lower customer spending
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +1 min

Monster energy drinks are seen for sale in a motorway services shop, Reading, Britain, January 25, 2019. REUTERS/Peter CziborraAug 3 (Reuters) - Monster Beverage Corp (MNST.O) missed Wall Street estimates for second-quarter sales on Thursday as higher cost of living weighed on demand for its pricier energy drinks and alcohol brands, sending its shares down 3.4% after the bell. Consumers have curbed non-essential spending as disposable incomes remain pressured by rising interest rates and higher food prices. Like Coca-Cola (KO.N) and PepsiCo (PEP.O), Monster Beverage also implemented price hikes as it fights pressures from higher raw material costs and labor expenses. Net sales rose to $1.85 billion from $1.66 billion a year ago, compared with analysts' average estimate of $1.87 billion, according to Refinitiv data.

Persons: Peter Cziborra, Ananya Mariam Rajesh, Arun Koyyur Organizations: REUTERS, Monster Beverage Corp, PepsiCo, Monster Beverage, Thomson Locations: Reading, Britain, Bengaluru

☆ Digital ad vultures descend on TV’s carcass
▼ + stars: | 2023-07-28 | by ( Jennifer Saba | ) www.reuters.com time to read: +3 min

NEW YORK, July 28 (Reuters Breakingviews) - The digital advertising hunt is back on. Reuters Graphics Reuters GraphicsAlthough Meta and Alphabet dominate the digital ad market, there’s plenty of money yet to fight for. Comcast (CMCSA.O), for example, said on Thursday that U.S. ad revenue at its NBC Universal media division fell 5% and overall EBITDA was down nearly a fifth. Despite the volatile nature of advertising revenue because of its close links to economic trends, it also typically generates healthy operating margins. It’s no wonder then that Amazon.com (AMZN.O), Walmart (WMT.N), DoorDash (DASH.N) and many more are descending on TV’s carcass.

Persons: Mark Zuckerberg, Jerome Powell, WPP’s, Jeffrey Goldfarb, Sharon Lam Organizations: YORK, Reuters, Meta, Google, Uber Technologies, Netflix, Facebook, YouTube, Conference Board, Federal, PepsiCo, Reuters Graphics Reuters, Comcast, NBC Universal, Walmart, Thomson Locations: New York

☆ Your snacks are getting more expensive. Blame these big food companies, not inflation.
▼ + stars: | 2023-07-27 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

But major food companies, from Nestlé to Unilever, increased prices much more than that. The world's biggest food companies spent the first half of this year raising prices, according to several earnings reports released this week. Some external factors have impacted the costs that major food companies pay to produce their products. It's especially easy for global food companies to raise prices, given that a few companies own most of the brands in many US grocery stores. But there's some evidence that consumers aren't willing to put up with higher food prices indefinitely.

Persons: PepsiCo's, Ramon Laguarta, We've, James Quincey, Quincey, PepsiCo's Laguarta Organizations: Consumer, Unilever, Service, PepsiCo, Quaker Oats, Gatorade, Federal Reserve, New York Times, Walmart, Costco, Sam's Locations: Nestlé, Wall, Silicon, Ukraine, Clorox, Kingsford, Europe

☆ The advertising winter may finally be starting to thaw
▼ + stars: | 2023-07-27 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

The long advertising winter could be coming to an end in the second half of this year. There are tentative signs that the advertising winter is starting to thaw. Meta, which derives more than 98% of its revenue from advertising, reported revenue well ahead of analysts' estimates for the second quarter. To be sure, some pure-play advertising companies remain challenged. Indeed, on Thursday, the US Commerce Department said the US economy grew by 2.4% in the second quarter, which was up from 2% in the first quarter.

Persons: spenders, Kimberly, Clark, Brian Wieser, Groupe, IPG, Arthur Sadoun, It's, they're Organizations: Companies, Meta, Google, PepsiCo, Wall, Tech, Microsoft, US Commerce Department Locations: Madison

☆ Opinion | What’s in a Name? Musk/Twitter Edition
▼ + stars: | 2023-07-27 | by ( Paul Krugman | ) www.nytimes.com time to read: +2 min

Philip Morris renamed itself Altria, presumably in part to diminish its perceived association with lung cancer, but its customers still smoke Marlboros. But absent such good reasons, sensible businesses keep the brand names their customers keep buying. The Twitter logo was also fine — distinctive, instantly recognizable and without any obvious negative connotations. Furthermore, the new logo — a slightly embellished version of the letter X — is problematic in several ways. Many TAFKAT users say that they’re embarrassed by the logo, which makes them feel as if they’re visiting a porn site.

Persons: Philip Morris, It’s, Jemima Organizations: Google, 7Up, PepsiCo, Twitter Locations: America, Ukraine

☆ Coca-Cola forecasts upbeat annual results on higher prices, steady demand
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +2 min

July 26 (Reuters) - Coca-Cola Co (KO.N) raised its annual revenue and profit forecasts after beating quarterly results on the back of higher pricing, with demand for its sodas remaining resilient at a time when consumers are cutting back on non-essential spending. Earlier this month, rival PepsiCo (PEP.O) also raised its annual revenue and profit forecasts for a second time this year after beating second-quarter results, easing worries over a slowdown in demand due to price hikes. Coca-Cola's average selling prices rose 10% in the second quarter, while in North America volumes declined 1%, showing little impact to demand with overall unit case volumes remaining flat. Coca-Cola forecast full-year core earnings per share to rise between 5% and 6%, compared with previous expectation of a 4% to 5% increase. Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Garrett Nelson, Gerald Pascarelli, Ananya Mariam Rajesh, Shounak Dasgupta Organizations: Cola, Consumers, PepsiCo, Thomson Locations: Russia, Ukraine, North America, Bengaluru

☆ Big Consumer Companies Keep Raising Prices, Complicating Fed’s Job
▼ + stars: | 2023-07-26 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com time to read: +1 min

Coca-Cola, PepsiCo and Unilever have each reported raising prices significantly in the second quarter, from about 8 percent at Unilever to 15 percent at Pepsi. The companies raised their full-year forecasts for various measures, pushing up their share prices. The Fed’s main tool to tackle inflation is raising interest rates, which reduces demand for goods and services. But food prices can be particularly sticky: Unlike other goods, consumers cannot stop buying food, and food prices are particularly sensitive to external factors like supply shocks, ingredient prices and geopolitics. “The Fed really has no ability to resolve those issues,” said David Ortega, a food economist at Michigan State University.

Persons: ”, David Ortega Organizations: Federal Reserve, Cola, PepsiCo, Unilever, Pepsi, Michigan State University Locations: Ukraine

☆ Coca-Cola says it's done raising prices in the U.S. and Europe this year
▼ + stars: | 2023-07-26 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

For two years, Coca-Cola has been raising prices on its drinks to combat higher costs. But the company said Wednesday it's done hiking prices this year in developed markets like the U.S. and Europe. Coke's prices were up 10% in the second quarter compared with the year-ago period. Coke plans to keep raising prices in line with inflation in developing markets like Latin America. Coke shares fell less than 1% in morning trading, despite the company raising its full-year outlook and reporting earnings and revenue that topped Wall Streeet estimates.

Persons: Coke, James Quincey, Quincey Organizations: PepsiCo, Pepsi, Quaker Foods, Quaker Foods North America, Lay Locations: U.S, Europe, Latin America, Quaker Foods North, America

☆ I'm a college expert, and the biggest mistake I see students make is not negotiating their financial aid offer. Here's how to do it.
▼ + stars: | 2023-07-26 | by ( Kate Colbert | ) www.businessinsider.com time to read: +6 min

Affordability often comes down to how extensive a student's financial-aid offers are — including grants and scholarships. But I'm a college-education expert and one of the authors of "Commencement: The Beginning of a New Era in Higher Education," and I've seen countless students negotiate a higher deal. If you're an incoming freshman, you have every right to go back to the college or university and renegotiate your financial-aid offer. That's the tuition price listed on the school's website. That means a $40,000 tuition price tag often gets reduced to $18,200, but only if you ask for it.

Persons: you've, You've, I'm, They'll, it's Organizations: Service, Higher, ACT, KFC, CVS, PepsiCo, Intel, Meijer Locations: Wall, Silicon

☆ Coca-Cola raises full-year outlook as earnings beat estimates
▼ + stars: | 2023-07-26 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Coca-Cola on Wednesday raised its full-year outlook after reporting earnings and revenue that topped estimates. For 2023, Coke now expects comparable earnings per share growth of 5% to 6%, up from its prior forecast of a 4% to 5% rise. The company's three drinks divisions all reported flat growth for the quarter, but there were some bright spots. Coke Zero Sugar's volume rose 5%, thanks to strong demand in North America and Latin America. Ultra-filtered milk brand Fairlife saw strong growth in the U.S. Coke's coffee division also reported volume growth of 5%, fueled by Costa Coffee's performance in the United Kingdom and China.

Persons: Coke, Costa Organizations: Refinitiv, PepsiCo, Worldwide, U.S, Latin America Locations: San Rafael , California, North America, Latin, U.S, United Kingdom, China

☆ Cramer says keep it simple and wait for prices to drop
▼ + stars: | 2023-07-24 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer preached a straightforward message on Monday: Keep it simple, stupid. Cramer urged investors to bide their time and wait for a swoon in a company's price before buying. Cramer also highlighted beverage and food giant PepsiCo , along with travel and leisure front-runners, Boeing and American Express . "I think this is a matter of keeping it simple, stupid," Cramer said. But if a company is not overbought, Cramer urged investors to wait for a swoon after a company's earnings report, or a market-wide dip.

Persons: CNBC's Jim Cramer, Cramer, Eli Lilly, I've, Tesla Organizations: Nvidia, Microsoft, Nasdaq, Adobe, Caterpillar, PepsiCo, Boeing, American Express, Wall, Netflix

☆ Earnings playbook: Alphabet and General Motors lead off a busy week of reports
▼ + stars: | 2023-07-23 | by ( Fred Imbert | ) www.cnbc.com time to read: +12 min

Tuesday General Motors is set to report earnings before the bell, followed by a call at 8:30 a.m. What history shows: GM earnings beat earnings expectations 86% of the time, according to Bespoke. Alphabet is set to report earnings after the bell, with management slated to hold a call at 5 p.m. This quarter: Earnings for the tech giant are expected to have grown by 10% from the year-earlier period, per Refinitiv. What history shows: Bespoke data shows Alphabet earnings beat expectations 68% of the time, and the stock rises more than 1% on earnings day.

Persons: Michael Wayland, GM's EVs, GOOGL, Jennifer Elias, Goldman Sachs, Kash Rangan, Rangan, Peter Grom, Leslie Josephs, Max, Wells, Zachary Fadem, Jonathan Vanian, Meta, Refinitiv, Jefferies, Andy Barish, LUV, — CNBC's Michael Bloom Organizations: General Motors, Microsoft, Refinitiv, CNBC, company's, Silverado, United Auto Workers union, Investors, Management, PepsiCo, UBS, Boeing, Corporate, Twitter, Meta, Southwest Airlines, U.S, Southwest Locations: U.S, FactSet

☆ Brands are pouring money into film and TV — meet 13 marketers making the biggest moves as Hollywood's new financiers
▼ + stars: | 2023-07-21 | by ( Lucia Moses | ) www.businessinsider.com time to read: +10 min

It's not just Barbie — lots of big brands are getting serious about making Hollywood-style entertainment. Insider identified 13 new and established players making the biggest moves in the space. "Barbie" may be the movie of the summer, but lots of other big brands are getting serious about making Hollywood-style entertainment. Neutrogena: Neutrogena Studios launched in 2021 and is J&J Consumer's first brand-funded content studio to make feature documentaries and scripted shorts. PepsiCo: PepsiCo's Content Studio is led by veteran PepsiCo marketer Lou Arbetter.

Persons: It's, Ron Howard, Brian Grazer's, Oscar, Michael Sugar, Brian Newman, REI, Michael Sugar's, Jae Goodman, Lauren Denowitz, Coke, Brian Grazer, Ron Howard's, Selman Careaga, John Deere, Mara Downing, Al Roker, Jill Wilfert, Ryan Gosling, Margot Robbie, Barbie, Ken, Jaap Buitendijk, Robbie Brenner, J.J, Abrams, Lena Dunham, Barney, Daniel Kaluuya, J, Sebastian Garcia, Laurie Hernandez, Matt Damon, Ben Affleck's, Entertainment —, Justin Biskin —, Howard, Lou Arbetter, Max, Robert Rodriguez, Nadia Hallgre, Stanley Nelson, Arbetter, Procter, Kimberly Doebereiner, Paolo Mattola, Kyra Sedgwick, Watiti, Saint Laurent, Anthony Vaccarello, Saint, Pedro Almodóvar, Ethan Hawke, Pedro Pascal, it's, Paolo Sorrentino, David Cronenberg, Kelly Mullen, Bryce Dallas Howard, Lena Waithe, WePresent, Holly Fraser, Moses Sumney, Solange Knowles, Riz Ahmed, Aneil, Fraser Organizations: Hollywood, Procter, Gamble, Companies, Brands, Unilever, InBev, Waffle Iron Entertainment, draftLine Entertainment, Netflix, Coca Cola, Entertainment, Global, Deere, Warner Bros, Warner Brothers, Universal Studios, Mattel, Neutrogena Studios, Studio, Kerry, Seattle Film, Ghetto Film, HBO Nike, Nike, Waffle, Apple, HBO, PepsiCo, Pepsi Super, Showtime, Pepsi, G Studios, Imagine, Amazon's, Hulu, Paramount, Blue Fox Entertainment, Saint Laurent Productions, Unilever Entertainment, Imagine Entertainment, Monotype Locations: Hollywood, Kerry Washington, American, Cannes, Britain

☆ It's not just 'Barbie' — as Hollywood goes through upheaval, brands from Nike to John Deere are becoming the new financiers of film and TV
▼ + stars: | 2023-07-20 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

As studios cut spending and strikes shut down production, Hollywood can take some solace — brands are coming to the rescue. Brand Storytelling is an organization that's held a festival for brand content alongside the Sundance Film Festival for the past seven years. Brand film submissions have almost tripled to 160 in the past three years, according to Rick Parkhill, director and co-founder of Brand Storytelling. "Film directors need the work," said Marcus Peterzell, who left ad giant Omnicom to found Passion Point Collective, a brand film studio, in 2019. He's since made some 36 film projects for brands.

Persons: Greta Gerwig, Kyra Sedgwick, John Deere, Kimberly Doebereiner, Chris Paul, Mattel's Robbie Brenner, There's, Jill Lubochinski, Holly Fraser, WePresent, Ron Howard, Brian Grazer's, Reese Witherspoon's, Michael Sugar's Sugar23, we've, Marc Gilbar, Matt Damon, Ben Affleck, Gilbar, that's, Rick Parkhill, Riz Ahmed, WeTransfer, Vicky Grout, Parkill, Saint Laurent, Pedro Almodóvar, David Cronenberg, They're, Marcus Peterzell, Peterzell Organizations: Hollywood, Mattel, Nike, HBO, Procter & Gamble, Tide, Gillette, G Studios, Warner Bros, Discovery, PepsiCo, REI, Dallas Buyers, Sundance, Brand, Brands Locations: —, HBO's, Hollywood

☆ Cramer disagrees with recent analyst downgrade of PepsiCo, says the company likely hasn't hit the top
▼ + stars: | 2023-07-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Cramer said he is impressed with PepsiCo CEO Ramon Laguarta, who he said was able to raise the company's growth rate when few thought it would be possible. It now trades for nearly double that price, and Cramer envisions a possible PepsiCo takeover of the company. "This is no longer the old Pepsi or Frito Lay: The company's done a remarkable job building brand equity. It's no longer, per se, a buyback machine — It's a machine that pours money into global growth markets," Cramer said. "Ramon Laguarta is a fantastic manager who's doing amazing things with Pepsi and Frito Lay that even bulls like me never thought possible."

Persons: CNBC's Jim Cramer, Morgan Stanley's, Cramer, you'd, Ramon Laguarta, who's Organizations: PepsiCo, Pepsi, Frito

☆ I find it hard to believe this is as good as it gets for PepsiCo, says Jim Cramer
▼ + stars: | 2023-07-18 | by ( Jim Cramer | ) 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 EmailI find it hard to believe this is as good as it gets for PepsiCo, says Jim Cramer'Mad Money' host Jim Cramer take a closer look at PepsiCo after a recent downgrade.

Persons: Jim Cramer Organizations: PepsiCo

☆ Jim Cramer doesn't see a recession on the horizon, says recent conjecture "just doesn't hold up under close scrutiny"
▼ + stars: | 2023-07-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer told investors on Tuesday that he doesn't think all the buzz about a recession being just around the corner holds much weight. "Those who cling to the notion that we're about to enter recession must find all of these examples daunting, if not depressing," Cramer said. "But earnings season has shown the recession thesis just doesn't hold up under close scrutiny, even if so many so-called experts tell us otherwise." "If the bears were right about the inevitable recession, it'd be the opposite: a strapped consumer, out of cash and hanging on by her fingertips," he said. "Defaults are minimal, including defaults in the dreaded commercial real estate space, which I keep telling you was a well overdone crisis."

Persons: CNBC's Jim Cramer, Cramer, homebuilders, PepsiCo hasn't, Wells, Morgan Stanley —, wouldn't Organizations: PepsiCo, JPMorgan Chase, Bank of America Locations: Wells Fargo

☆ Jim Cramer digs into PepsiCo after recent downgrade
▼ + stars: | 2023-07-18 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Jim Cramer digs into PepsiCo after recent downgrade'Mad Money' host Jim Cramer take a closer look at PepsiCo after a recent downgrade.

Persons: Jim Cramer Organizations: PepsiCo

☆ Morgan Stanley downgrades PepsiCo after earnings, says most good news is priced into the stock
▼ + stars: | 2023-07-17 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Many of the reasons to be bullish on PepsiCo are already priced into the stock, Morgan Stanley warned. After the strong earnings report, Mohsenian said further upside to the company's topline compared with consensus estimates is now more limited in the second half of the year. That makes upside for shares more limited with investors anticipating all this good news ahead, he said. In the same vein, he noted that the stock has outperformed these competitors when looking back to the start of the pandemic. PEP KDP,KO 5Y mountain PepsiCo vs. Coca-Cola and Keurig Dr Pepper — CNBC's Michael Bloom contributed to this report.

Persons: Morgan Stanley, Dara Mohsenian, Laguarta, Mohsenian, Dr Pepper, Dr Pepper —, Michael Bloom Organizations: PepsiCo, Pepsi Locations: Monday's

☆ Stocks making the biggest premarket moves: Activision Blizzard, Chewy, Yelp, Tesla and more
▼ + stars: | 2023-07-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Chewy — Shares jumped more than 5% after Goldman Sachs upgraded them to buy from neutral. Paramount Global — Shares of the entertainment company fell 2.8% in premarket trading after the latest installment in the "Mission: Impossible" franchise underperformed expectations at the box office. State Street — The financial giant slipped about 2% in premarket trading. The stock was downgraded by JPMorgan to underweight from neutral following State Street's earnings release Friday. Figs — Shares of the apparel company fell 4.6% in premarket trading after Raymond James downgraded Figs to market perform from outperform.

Persons: Goldman Sachs, Morgan Stanley, Yelp, Goldman, Tesla, Raymond James, —, Jesse Pound, Hakyung Kim, Michael Bloom Organizations: Activision, Warfare, Microsoft, Sony, PlayStation, Activision Blizzard, PepsiCo, Paramount, Variety, Citi, JPMorgan, State Street's

☆ Cramer: The Cassandras are wrong about the market (again) — here's why I'm upbeat
▼ + stars: | 2023-07-16 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

The impossibility of any company doing anything right, or as right as the market seems to judge, serves as the only homily worth offering. You simply don't land at all. Of course, the biggest worry to this market is its two-tiered nature: The mega-cap techs versus all the rest. 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.

Persons: Warren Buffett, It's, Jerome Powell's, Alan Greenspan, Ben Bernanke, Powell, deride Powell, —, it's, Wells, Vin Diesel, he'll, Goldman Sachs, Amy Hood, Tim Cook's, Mark Zuckerberg's pickleball, Clive Cussler, Stephen King, Lina Khan's, Jonathan Kanter, Khan, Morgan, let's, Jim Cramer's, Jim Cramer, Jim, Victor J Organizations: Apple, Wells, JPMorgan, PepsiCo, Treasury, Bank of America, Microsoft, Activision Blizzard, Nvidia, Intel, Devices, Colgate, Federal Trade, Activision, Justice Department, sycophantic, Fed, Jim Cramer's Charitable, CNBC, Visitors, New York Stock Exchange, Blue, Bloomberg, Getty Locations: People's Republic of China, China, Wells Fargo, America, New York

☆ Why declaring victory over inflation too soon may be a mistake for economy
▼ + stars: | 2023-07-16 | by ( Natalie Rose Goldberg | ) www.cnbc.com time to read: +9 min

The market is fully expecting another interest rate hike from the Fed in July, after it skipped a rate hike in June. For the Fed, ideal inflation is in the target range of 2%. But he is more encouraged about the economy avoiding recession, which recent economic history said would not be possible. San Francisco Fed President Mary Daly expressed her commitment to lowering inflation even further on "Squawk on the Street" last week. "It's really too early to say that we can declare victory on inflation.

Persons: Tom Werner, Jerome Powell, Ed Yardeni, Yardeni, Paul McCulley, Tom Lee, Fundstrat, Lee, Liz Young, Roger Ferguson, Ferguson, Hugh Johnston, they've, CFOs, Milton Friedman's, Pimco, Tiffany Wilding, Wilding, Mary Daly Organizations: Federal Reserve, Market Committee, Fed, CME Fed, Yardeni, Dow Jones, Dow, PepsiCo, CNBC, Francisco Fed Locations: U.S, Georgetown

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