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Wedbush's Dan Ives raised his price target on Tesla to $400 a share from $300, implying 24.5% upside from Friday's close. More love for longtime Club stock Nvidia : Morgan Stanley upped its price target on the AI chip king to $160 a share from $150 at Morgan Stanley. Club name Palo Alto Networks had its PT raised to $425 a share from $410 at Barclays. 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: Wedbush's Dan Ives, Donald Trump's, Trump, Wednesday's, Cigna, Morgan Stanley, Piper Sandler, Dell, Wells, Jim Cramer's, Jim Cramer, Jim Organizations: Trump, Nasdaq, Dow, Home, Disney, JPMorgan, Cisco Systems, Cisco, Humana, Medicare, Club, BlackRock, Deutsche Bank . BlackRock, House, Wolfe Research, Warner Bros, longtime Club, Nvidia, Melius, Dell Technologies, Bank of America, PT, Federal, Palo Alto Networks, Barclays, Analysts, Jim Cramer's Charitable, CNBC Locations: Ives, Wells, Alto, Palo
One thing that's widely understood is the artificial intelligence revolution is still in its infancy, and Nvidia is the go-to company for what's needed to run AI workloads. Microsoft : "We expect capital expenditures to increase on a sequential basis, given our cloud and AI demand signals," CFO Amy Hood said. Put another way, can the world's most valuable company, at nearly $3.6 trillion, get even more valuable? On current numbers, Nvidia is trading at about 37x calendar year 2025 earnings estimates. Visitors check out Nvidia's AI technology at the 2024 Apsara Conference in Hangzhou, China, on September 19, 2024.
Persons: hasn't, Donald Trump's, Trump, Piper Sandler, Morgan Stanley, Nvidia's, NVDA, OpenAI's, we're, Anat Ashkenazi, Susan Li, Andy Jassy, Amy Hood, Hood, Piper, Blackwell, Hopper, Melius, , Jensen Huang –, Jim Cramer's, Jim Cramer, Jim Organizations: Nvidia, Apple, Wall Street, White, Nvidia —, Melius, Blackwell, Trump, Google, AWS, Microsoft, Melius Research, Biden, CNBC, Visitors, Nurphoto, Getty Locations: China, CapEx, Beijing, U.S, Hangzhou
With the S & P 500 trading around record highs and hanging around 6,000, one Wall Street firm revised its year-end S & P 500 price target, expecting more gains before the end of the year. We use the S & P 500 Short Range Oscillator as our guide to when the market is overbought or oversold. 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, Dow, Donald Trump administration's, Morgan Stanley, Wells Fargo, Eaton, Trump's, Oppenheimer, Wells, Tyson, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Apple, Nvidia, Microsoft, Honeywell, BlackRock, Tyson Foods, AstraZeneca, Club, Disney, Jim Cramer's Charitable Locations: Dover, Wells Fargo
An 18-year-old New York state employee was killed while battling a wildfire in Orange County's Sterling Forest Saturday. Dariel Vasquez, an aid working for the New York State Parks, Recreation, and Historic Preservation Department, was helping mitigate the forest fire when he was killed, New York State Police said in a statement. “I am deeply saddened by the passing of one of our New York State Parks employees while responding to a wildfire in Orange County yesterday," Gov. In Massachusetts, a brush fire is burning in Lynn Woods Reservation, a forest park in Essex County. "Falling trees, air quality, and the threat of additional fires continue to pose significant dangers to the public," the city said.
Persons: Dariel Vasquez, Kathy Hochul, Steve Neuhaus, ” Neuhaus, it's, Lynn Organizations: Orange County's Sterling, New York State Parks , Recreation, Historic Preservation Department, New York State Police, Police, New York State Parks, Incident Command, Orange, New, New Jersey Forest Fire Service, Fire, Fire Service Locations: New York, Orange County's, Orange County, New England, Boston, Hartford, Passaic County , New Jersey, New Jersey, NJ, Passaic County, Jackson Township , New Jersey, Massachusetts, Lynn Woods, Essex County ., City, Philadelphia
But the one person who has loomed over it all and has exerted a great deal of influence is Elon Musk, according to multiple sources. Trump put the call on speaker, and Zelensky thanked Musk for his help providing communications to Ukraine through the billionaire’s Starlink internet service. As of mid-October, Musk had donated nearly $119 million to a political action committee he set up to support Trump, according to Federal Election Commission filings. The day after the election, investors sent shares of Tesla up nearly 15%. That lifted the value of the 411 million shares that Musk owns outright by more than $15 billion and marked a two-year high for Tesla shares as a whole.
Persons: Donald Trump’s Mar, Elon, Trump, he’s, Musk, Volodymyr Zelensky, Zelensky, Sen, Rick Scott, Howard Lutnick, Cantor Fitzgerald, helms, CNN’s Tara John, Victoria Butenko, Nic Robertson, Kristen Holmes, Jeremy Herb, Kayla Tausche, Evan Perez, Chris Isidore, Jack Forrest Organizations: CNN, Trump, SpaceX, Tesla, Mar, GOP, Florida Republican Locations: Palm Beach , Florida, Ukraine, Florida
CNN —Lionel Messi and Inter Miami suffered a shock elimination in the first round of the Major League Soccer (MLS) playoffs on Saturday, losing 3-2 to No. 9 seed Atlanta United on home soil in the best-of-three series decider. That secured the team a controversial invite to the FIFA Club World Cup, and Miami came into the playoffs as favorite to lift the MLS Cup. Atlanta United, which only sneaked into the playoffs on the last day of the regular season, will face No. The MLS Cup final is scheduled for December 7.
Persons: Lionel Messi, Matías Rojas, Jamal Thiaré, Messi, Bartosz Slisz, Jordi Alba, , , Rob Valentino, We’ve, “ There’s Organizations: CNN, Inter Miami, Major League Soccer, Atlanta United, Miami, Argentine, Atlanta, MLS, Miami ., FIFA Club, ESPN, Orlando City, Eastern Conference, Columbus Crew, FC Cincinnati Locations: Miami, Miami . Miami, Europe, Atlanta
And some Mar-a-Lago members have been offered money by those seeking to be taken to the club as a guest and rub elbows with Trump, three sources familiar with the situation told CNN. There are no restrictions on who members can bring as guests, and outsiders are trying to take advantage of that while it still holds. Advisers insist that Trump’s transition is much more orderly this time around, and by all accounts, the transition itself has steered clear of the chaos. Trump advisers have held formal meetings with the transition team and the president-elect during the day at the resort, presenting him with plans for policy and personnel. Mar-a-Lago, the stone-walled oceanfront estate that Trump labeled the “Winter White House,” has long been a source of headaches for national security and intelligence professionals.
Persons: CNN —, Donald Trump’s, Trump, , , Susie Wiles, , Melania Trump, Elon Musk, Robert F, Kennedy Jr, glitzy, CNN’s Kevin Liptak, Casey Tolan, Isabelle Chapman, Nelli Black Organizations: CNN, Mar, Trump, Service, Tech, Republican Locations: Palm Beach , Florida, Palm Beach, Lago
Here are five takeaways on the voters Trump won and what it means moving forward:The Latino realignmentA trend with the potential to remake the American political landscape is the huge shift in Latino voters toward Trump. Trump’s 1.5-point win in Osceola County flipped a location that President Joe Biden won by 14 points four years earlier. Trump’s performance similarly improved in Orange County, home of Orlando, where Biden won by 23 points in 2020 but Harris won by just 5.6 points this year. Trump’s gains are explained in part by his appeals to Black men, and his efforts to reach out to Arab American voters. Harris won by 10 points and 85,000 votes — short of the 14-point, 114,000-vote win Biden had notched there in 2020.
Persons: Donald Trump, Kamala Harris, Trump, Harris ’, Joe Biden, Biden, Harris, Anna Moneymaker, hadn’t, Hillary Clinton, Republican Sen, Ted Cruz, Vicente Gonzalez, he’d, Henry Cuellar, John Moore, she’d, Rebecca Cook, Reuters Harris, Nikki Haley, Liz Cheney, hasn’t, Andy Beshear, resoundingly Organizations: CNN, Trump, Democrats, they’ve, GOP, Republican, Sunshine State, Latino, Trump National Doral, Club, Texas borderland, Democratic, Democrat, Republicans, Detroit, voters, Reuters, South Carolina Gov, Wyoming, Nevada —, Independents, Democratic Party Locations: Florida, Miami, Dade County, Cuban, Orlando, Puerto Rican, Madison, Osceola County, Orange County, Doral , Florida, Rio Grande, Texas, Starr County, Starr, United States, Arizona, Yuma County, Rio, El Paso , Texas, Detroit, San Francisco, York City, Wayne County, New York City, Philadelphia, Pennsylvania, North Carolina, Oakland County, Macomb County, Nevada, Las Vegas, Trump’s, Missouri, Kentucky, In Missouri
Stock Chart Icon Stock chart icon Performance since Nov. 1 closeThe stock market reaction Wednesday to Republican Donald Trump's victory over Democrat Kamala Harris was swift and powerful, sending the Dow , the S&P 500 and the Nasdaq to all-time highs. For the week, consumer discretionary, energy, industrials, financials, and information technology were the top five sectors. Only time will tell how the balance of power will play out and whether it's good or bad for the stock market. Barring anything catastrophic, President Joe Biden and Vice President Harris will hand Trump the baton of a healthy economy with moderating inflation and a strong stock market. Stock Chart Icon Stock chart icon Disney YTDDisney reports before the bell Thursday, and its experiences business will be in focus as it has softened recently due to the recent hurricane activity that forced closures at Florida theme park locations and inflation-weary consumers.
Persons: Donald Trump, Jerome Powell, Drew Angerer, Republican Donald Trump's, Kamala Harris, Dow, Jim Cramer, Wells Fargo Morgan Stanley, Trump, Joe Biden, Harris, FactSet, Helene, Milton, we're, Disney's, Tyson, JD.com Organizations: Federal, White House, Republican, Dow, Nasdaq, Staples, Honeywell, White, Capitol, Republicans, NBC News, Trump, Depot, Disney, CPI, PPI, Home Depot, Summer, IAC, Hertz, Tyson Foods, TSN, AstraZeneca, Occidental Petroleum, Rocket Companies, Cisco, Parts Locations: Washington ,, financials, Washington, inflect, Florida, Paris
WASHINGTON — As a candidate, Donald Trump promised to relieve consumers of high interest rates. Trump repeatedly said during the campaign that he would bring down interest rates without elaborating on how. He has suggested the president should have a say in determining rates set by the Federal Reserve and publicly berated the central bank and its chairman, Jerome Powell, for not lowering rates sooner. Trump has no direct control over the interest rates set by the Federal Reserve, which is determined by a committee that includes seven members appointed to 14-year terms along with five regional Reserve Bank presidents. “There aren’t a lot of policies that the president has at his disposal that can really lower rates,” said McLaughlin.
Persons: Donald Trump, Trump, Jerome Powell, , Kent Smetters, , isn’t, Ralph McLaughlin, McLaughlin, Powell, Xi Jinping, ” Powell, he’s, ” Trump, reappoint Powell, Scott Bessent, Barron’s, Bessent Organizations: WASHINGTON, Federal Reserve, United, University of Pennsylvania Wharton School, Federal, Realtor.com, Reserve Bank, Fed’s, Governors, Twitter, Trump, Chicago Economic, Senate, Republicans, Fed Locations: United States, America, U.S, China
Tom Simek got fit at 59 after being diagnosed with osteoporosis and high cholesterol. Now 72, he's competed in "American Ninja Warrior" and won medals in the National Senior Games. The retired building contractor based in Santa Fe had spent his working life prioritizing his family and business over his health. 4) Better sleep"When you're fit, your mind works better, and you sleep better," Simek said. And research shows that being physically active is linked to better sleep quality, according to Dr. Charlene Gamaldo, the medical director of Johns Hopkins Center for Sleep.
Persons: Tom Simek, he's, , Simek, Elizabeth Morris, Charlene Gamaldo Organizations: National Senior Games, Service, Senior, NBC, University of Michigan, Senior Games, Mobility, BMC Health Services Research, Experimental Gerontology, Johns Hopkins Center for Sleep Locations: Santa Fe, New Mexico
Tesla and SpaceX CEO Elon Musk, the billionaire backer of newly minted President-elect Donald Trump, endorsed the idea of allowing presidents to intervene on Federal Reserve policy. Though brief, Musk's comment reflects a broader pressure campaign on Fed independence that could take shape in the next Trump administration. On Thursday, Fed Chair Jerome Powell said he would not resign from his post if Trump asked him to do so. But during his first term in office, Trump was not shy about breaking from tradition and publicly disparaging Powell and his policy decisions. Over the course of the 2024 presidential campaign, Trump also often flirted with the idea of giving himself a say in Fed policy if he were to win the White House again.
Persons: Elon Musk, Donald Trump, Tesla, Sen, Mike Lee, Musk, Lee, Trump, Jerome Powell, Powell Organizations: Republican, SpaceX, Fed, White, Federal Reserve Locations: Butler , Pennsylvania, Utah, U.S, Lago, Florida
Tesla returned to the $1 trillion club Friday, after its stock surged in the days following Donald Trump's presidential election victory. The new valuation also increases Tesla CEO Elon Musk's net worth to some $300 billion, according to Forbes — increasing his net worth as the world's richest person by more than $30 billion. Through his rocket company SpaceX, Musk has been the beneficiary of billions in government contracts over the past decade. Tesla's 13-figure valuation puts it among the ranks of Nvidia, Apple, Microsoft, Google-parent Alphabet, Amazon and Facebook-parent Meta. Tesla previously hit $1 trillion in 2021.
Persons: Tesla, Donald Trump's, Elon, Forbes —, Musk, Trump Organizations: Forbes, Trump, SpaceX, Nvidia, Apple, Microsoft, Google, Facebook
CNN —The Beatles earned their first Grammy nominations since 1997 on Friday. The iconic rock group was also recognized in the best rock performance category for the track. This year’s nods for “Now and Then” marks the first Beatles nominations since the late ’90s, when they won three Grammys in 1997. However, the Beatles aren’t the only classic rock ‘n rollers from that era to appear on this year’s list of Grammy nominees. They earned their first nod in 1978 for “Some Girls,” which was recognized for album of the year at the time.
Persons: Taylor Swift, Billie Eilish, , Paul McCartney, John Lennon, Lennon, McCartney, Ringo Starr, George Harrison –, , Mick Jagger, Keith Richards, Ronnie Wood Organizations: CNN, Beatles, Diamonds, Locations:
That’s just one example of companies eliminating an endless assortment of products to boost profit. Hormel is cutting some pepperoni products. Cutting products boosted companies’ profit margins by 0.9% compared to 2019, L.E.K. The strategy is going to make customers’ choices “a little simpler” and reduce re-stocking work for store employees, he said. Companies can upset customers who are loyal to a specific version of a product, pushing them to switch to another brand or stores’ private-label versions.
Persons: New York CNN — Pepperoni, Applegate, Jennie, Hormel, , That’s, Gene J, Rob Wilson, Levi’s, Todd Vasos, Scott Olson, Gina Goetter, Bob Eddy, Taco Bell, David Garfield, “ We’ve Organizations: New, New York CNN, CNN, Companies, L.E.K, Consulting, Starbucks, Hasbro, Dollar, BJ’s Wholesale, Walmart Locations: New York, Turkey, mayo, Asia
Cramer's Lightning Round: Domino's Pizza is a buy
  + stars: | 2024-11-08 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon Domino's Pizza's year-to-date stock performance. Domino's Pizza : "[buy, buy, buy!] Stock Chart Icon Stock chart icon Enterprise Products' year-to-date stock performance. Stock Chart Icon Stock chart icon Arm's year-to-date stock performance. Stock Chart Icon Stock chart icon InterDigital's year-to-date stock performance.
Persons: Domino's, it's, Wells, Jim Cramer's Organizations: Products, CNBC, CME Locations: Wells Fargo
Jim Cramer answers questions from West Point's finance club
  + stars: | 2024-11-08 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
'Mad Money' host Jim Cramer takes questions from West Point cadets. Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email
Persons: Jim Cramer Organizations: West Point
Generative AI wasn't part of the lexicon for most of us during President-elect Donald Trump 's first four years in the White House. At a high level, generative AI is a cutting-edge form of technology that will shape the next decade and beyond. While the AI field has been around for decades, generative AI applications can create new content, including computer code, human-like text and images, in response to user prompts. Those that lead in generative AI will very likely shape the world as we know it. With 5G, Trump didn't just hope the U.S. could just fun faster than everyone else.
Persons: Donald Trump, ChatGPT, Kamala Harris, Trump, Elon Musk, OpenAI, JD Vance, Vance, Joe Biden's, Trump's, OpenAI's Sam Altman, Alphabet's Sundar Pichai, Jim Cramer, it's, Jim, they're, Jim Cramer's, Callaghan Organizations: Trump, Billionaire, Republican, Big Tech, Republican Party's, GOP, 5G, Mobile, Sprint, Verizon, Nvidia, Microsoft, Huawei, Biden, Deutsche Bank, South China, Taiwan Semiconductor Manufacturing, Apple, Washington, Intel, Eaton, Trust, CNBC, Convention Center, Callaghan O'hare Locations: Ohio, U.S, United States, America, We've, China, Taiwan, South, Beijing, Palm Beach, West Palm Beach , Florida
Powell to Trump: Go ahead, make my day
  + stars: | 2024-11-08 | by ( Elisabeth Buchwald | ) edition.cnn.com   time to read: +5 min
That’s essentially what Federal Reserve Chair Jerome Powell is experiencing with President-elect Donald Trump’s return to the White House. When a reporter asked the Fed chair if he’d resign if Trump asked him to, Powell didn’t miss a beat. Removing a Fed chair isn’t so simpleIf Trump, or any president for that matter, were to try to remove a Fed chair, they would encounter a steep uphill battle. Ultimately, the Supreme Court could have the final say on what merits a “for cause” firing of a Fed chair. Trump has tried testing the limits anywayNevertheless, Trump threatened to fire Powell on several occasions when he was first president.
Persons: That’s, Jerome Powell, Donald Trump’s, Trump, he’d, Powell didn’t, , , curtly, ” Powell, Powell, won’t, Powell doesn’t, Joe Biden, ” Trump Organizations: New, New York CNN, Federal, Trump, Republican, Bloomberg, Economic, of Chicago Locations: New York
Author Minda Harts said that stars like Issa Rae inspire her as she steps into Hollywood. Harts, whose debut novel was recently adapted into a short film, said that networking is key to her success. That book led to a short film adaptation, an upcoming psychological thriller about the workplace starring "The Proud Family" actor Kyla Pratt as Harts. Like Rae, Harts wants to diversify her portfolio. If we all can ask ourselves that in every part of the production process, then I think we'll have a more equitable Hollywood," Harts said.
Persons: Minda Harts, Issa Rae, Harts, it's, , Kyla Pratt, Rae, Marla Aufmuth, Valeisha Butterfield, Johnny Nunez, WireImage Harts, Dalvin Adams Harts, Reese Witherspoon, Witherspoon, Daisy Jones, She's, Reese Organizations: Hollywood, Service, YouTube, America, Seed Media, Arts Productions, Texas Conference, Women Locations: Vegas, Hollywood, Harts
Eli Lilly: Shares of Eli Lilly are finally putting together back-to-back sessions of gains. Eli Lilly shares traded at $903 before the quarterly report, putting the post-earnings pullback at about 7%. 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. An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024.
Persons: Jim Cramer, Donald Trump's, aren't, Eli Lilly, Lilly, David Ricks, Wells, We've, Eli Lilly's, Tyson, Jim Cramer's, Jim, Shelby Knowles Organizations: CNBC, ., Treasury, Companies, Tech, Tesla, Arista Networks, Costco, United States, Disney, Tyson Foods, AstraZeneca, Spotify, Occidental, Cisco, Advance, Materials, Jim Cramer's Charitable, Bloomberg, Getty Locations: China, Wells Fargo, Brooklyn, New York
I'm exited Singapore Airlines is adding doors to business class after flying the current seat. AdvertisementIn early 2023, I flew Singapore Airlines on the world's longest flight to experience what is considered a top-tier business class. Taylor Rains/Business InsiderSince then, I've flown in door-equipped business class on Japan's All Nippon Airways and British Airways. The carrier announced plans in November to retrofit 41 Airbus A350 planes with a new door-equipped business class. Air India launched its new pod-like business class in January as it completely overhauls its brand.
Persons: I'm, , Taylor Rains, I've, Goh Choon Phong, Skytrax's Organizations: Singapore Airlines, Service, All Nippon Airways, British Airways, Boeing 777X, Air India, Air, Turkish Airlines, American Airlines, Korean Locations: Singapore, Qatar
Friday, November 8, 2024: Cramer explains why The Club is selling this industrial stockGo behind the scenes with Jim Cramer and Jeff Marks of the CNBC Investing Club as they talk candidly about the market's biggest headlines, analyst calls and holdings in the Charitable Trust—and see up close how they decide when, and if, to take action on stocks.
Persons: Cramer, Jim Cramer, Jeff Marks Organizations: CNBC, Trust
The news on Home Depot Telsey Advisory Group, a leader in retail industry analysis, upgraded Home Depot stock to a buy-equivalent outperform on Friday. The news on Best Buy Citi lowered its Best Buy price target to $109 per share from $115 on Friday while maintaining its buy-rating on the stock. BBY YTD mountain Best Buy stock performance year-to-date. Bottom line Despite Citi's concerns, we're sticking with Best Buy. Best Buy should be well-positioned to benefit from falling interest rates if home sales pick up again.
Persons: , Telsey, Jim Cramer, Jim, they're, Donald Trump's, Jim Cramer's, Ting Shen Organizations: Advisory, Depot, Federal, Home Depot, Home, Citi, Trump, CNBC, Home Depot Inc, Bloomberg, Getty Locations: China, Washington , DC
Following the trade, Jim Cramer's Charitable Trust will own 245 shares of Honeywell, decreasing its weighting to about 1.5% from roughly 2%. We're cashing in more Honeywell stock to take advantage of its 4% rally this week. 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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Persons: Jim Cramer's, we've, It's, you'll, Jim Cramer, Jim, Michael M Organizations: Honeywell, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: New York City
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