In Tuesday’s Morning Meeting livestream, Jim Cramer and the CNBC Investing Club discussed several key moments in the market. Firstly, U.S. stocks experienced a decline, with both the S&P 500 and the Nasdaq Composite down over 1%. This pullback can be attributed to higher government-bond yields and a stronger U.S. dollar. The yield on the 10-year Treasury climbed to over 4.5%. In addition, the S&P 500 Short Range Oscillator was moving closer to oversold territory. Despite this challenging environment, Cramer expressed optimism and emphasized the opportunity to utilize cash for gradual buying into market weakness.
One significant piece of news centered around Amazon. The company announced its investment of up to $4 billion in Anthropic, an artificial-intelligence firm. Anthropic’s primary competitor in AI research is OpenAI, which developed ChatGPT. Anthropic intends to leverage Amazon’s cloud-computing platform, Amazon Web Services (AWS), for the majority of its workloads. This collaboration is expected to boost AWS revenue growth through generative AI capabilities.
Another focus of the discussion was Costco Wholesale, which was set to report its quarterly results after the closing bell on Tuesday. While sales were largely known due to monthly reports, investors were advised to pay attention to margins and membership statistics. Broader commentary regarding inflation was also anticipated. Although a membership-fee hike or special dividend announcement was unlikely, these factors could potentially act as catalysts in the future.
As a subscriber to the CNBC Investing Club with Jim Cramer, members receive trade alerts prior to Cramer executing trades in his charitable trust’s portfolio. Cramer waits for 45 minutes after sending a trade alert before making a trade and 72 hours after discussing a stock on CNBC TV. It is important to note that the information provided in association with the Investing Club does not create any fiduciary obligation or guarantee specific outcomes or profits.
Definitions:
– S&P 500: A stock market index that measures the stock performance of 500 large companies listed on stock exchanges in the United States.
– Nasdaq Composite: A stock market index that includes all stocks listed on the NASDAQ stock market, weighted by market capitalization.
– Government-bond yields: The interest rate earned by an investor who holds government bonds.
– U.S. dollar: The official currency of the United States.
– 10-year Treasury: Refers to the 10-year U.S. Treasury Bond, a debt obligation issued by the U.S. government.
– Oversold territory: A condition in which a financial instrument is considered to be heavily sold, potentially indicating a future upward price movement.
– West Texas Intermediate (WTI) crude: A grade of crude oil used as a benchmark in oil pricing.
– Artificial intelligence (AI): The simulation of human intelligence processes by machines.
– Amazon Web Services (AWS): A comprehensive, evolving cloud-computing platform provided by Amazon.
– Generative AI: A subset of AI that involves machines generating new data based on previously seen patterns or examples.
– Costco Wholesale: An American multinational corporation that operates a chain of membership-only warehouse clubs.
– Membership statistics: Quantitative data related to the number of members or subscribers.
– Fiduciary obligation: A legal duty to act solely in the best interests of another party.
– Trade alert: A notification sent to investors when a trade is recommended or executed.
– Charitable trust: A legal entity created to manage assets for charitable purposes.
– Portfolio: A collection of investments held by an individual or organization.
Sources:
– CNBC Investing Club Morning Meeting, Tuesday Recap
– CNBC Investing Club Terms and Conditions
– CNBC Investing Club Privacy Policy
– CNBC Investing Club Disclaimer
In Tuesday’s Morning Meeting livestream, Jim Cramer and the CNBC Investing Club discussed several key moments in the market. Firstly, U.S. stocks experienced a decline, with both the S&P 500 and the Nasdaq Composite down over 1%. This pullback can be attributed to higher government-bond yields and a stronger U.S. dollar. The yield on the 10-year Treasury climbed to over 4.5%. In addition, the S&P 500 Short Range Oscillator was moving closer to oversold territory. Despite this challenging environment, Cramer expressed optimism and emphasized the opportunity to utilize cash for gradual buying into market weakness.
One significant piece of news centered around Amazon. The company announced its investment of up to $4 billion in Anthropic, an artificial-intelligence firm. Anthropic’s primary competitor in AI research is OpenAI, which developed ChatGPT. Anthropic intends to leverage Amazon’s cloud-computing platform, Amazon Web Services (AWS), for the majority of its workloads. This collaboration is expected to boost AWS revenue growth through generative AI capabilities.
Another focus of the discussion was Costco Wholesale, which was set to report its quarterly results after the closing bell on Tuesday. While sales were largely known due to monthly reports, investors were advised to pay attention to margins and membership statistics. Broader commentary regarding inflation was also anticipated. Although a membership-fee hike or special dividend announcement was unlikely, these factors could potentially act as catalysts in the future.
As a subscriber to the CNBC Investing Club with Jim Cramer, members receive trade alerts prior to Cramer executing trades in his charitable trust’s portfolio. Cramer waits for 45 minutes after sending a trade alert before making a trade and 72 hours after discussing a stock on CNBC TV. It is important to note that the information provided in association with the Investing Club does not create any fiduciary obligation or guarantee specific outcomes or profits.
Definitions:
– S&P 500: A stock market index that measures the stock performance of 500 large companies listed on stock exchanges in the United States.
– Nasdaq Composite: A stock market index that includes all stocks listed on the NASDAQ stock market, weighted by market capitalization.
– Government-bond yields: The interest rate earned by an investor who holds government bonds.
– U.S. dollar: The official currency of the United States.
– 10-year Treasury: Refers to the 10-year U.S. Treasury Bond, a debt obligation issued by the U.S. government.
– Oversold territory: A condition in which a financial instrument is considered to be heavily sold, potentially indicating a future upward price movement.
– West Texas Intermediate (WTI) crude: A grade of crude oil used as a benchmark in oil pricing.
– Artificial intelligence (AI): The simulation of human intelligence processes by machines.
– Amazon Web Services (AWS): A comprehensive, evolving cloud-computing platform provided by Amazon.
– Generative AI: A subset of AI that involves machines generating new data based on previously seen patterns or examples.
– Costco Wholesale: An American multinational corporation that operates a chain of membership-only warehouse clubs.
– Membership statistics: Quantitative data related to the number of members or subscribers.
– Fiduciary obligation: A legal duty to act solely in the best interests of another party.
– Trade alert: A notification sent to investors when a trade is recommended or executed.
– Charitable trust: A legal entity created to manage assets for charitable purposes.
– Portfolio: A collection of investments held by an individual or organization.
Sources:
– CNBC Investing Club Morning Meeting, Tuesday Recap
– CNBC Investing Club Terms and Conditions
– CNBC Investing Club Privacy Policy
– CNBC Investing Club Disclaimer
