Market Updates from the CNBC Investing Club
Every weekday at 10:20 a.m. ET, the CNBC Investing Club with Jim Cramer hosts a live "Morning Meeting." Here’s a summary of the latest insights from Friday’s session.
The stock market faced a sharp decline, with fears of a global trade war affecting corporate earnings. The S&P 500 and Nasdaq experienced their worst drop in two days since the pandemic began, while the Dow Jones suffered its largest fall since June 2020. Cramer described this sell-off as “manufactured.” He mentioned the Trump administration might take steps to relieve market pressure. Despite the turmoil, he advised investors to stick with solid stocks. He remarked, “If you stayed the course in good stocks, you never had to worry about getting back in, and you made a huge amount of money.”
However, to adapt to the current situation, some adjustments are being made to the portfolio, including cutting ties with stocks that are no longer favorable and raising cash reserves.
One notable move was exiting GE Healthcare, which has significant exposure to international markets like Europe and Asia—areas sensitive to tariffs. Consequently, its shares plunged 13% on Friday. Cramer also criticized the firm Danaher for its deep reliance on China, leading to a 5% drop in its stock value. He said, “Every company that banked on China made a mistake.”
For those considering buying in during this market dip, Cramer identified a few opportunities. He encouraged purchasing shares of Home Depot, which were down by 0.6%. With mortgage rates at their lowest since last October, the company stands to benefit from renewed housing demand. As for tech giants like Apple and Nvidia, which saw drops of 3.8% and 6.3%, respectively, he suggested buying a small stake if investors do not already own them. He also expressed optimism about Amazon, despite its exposure to international markets that are at risk of tariffs.
Recent statistics reflect rising retail sales in the housing sector and potential recoveries as interest rates fall. It’s a time when stocks can become appealing to long-term investors.
Before making any trades, Cramer allows time for reflection. Subscribers to the CNBC Investing Club receive alerts about trades ahead of time, ensuring they have the opportunity to make informed decisions.
Make sure to stay informed about market trends, as they can change rapidly. For further details on financial trends, you can explore the latest reports from trusted resources like MarketWatch.
No specific profit is guaranteed from these investments, so always consider your personal financial goals and risk tolerance when making decisions.
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