Every weekday, the CNBC Investment Club with Jim Kramer will hold a live stream of “Morning Meeting” at 10:20am. Here’s a summary of Monday’s key moments. 1. Wall Street was high on Monday as the S&P 500 and Nasdaq were about to kick the week off with a positive note. The previous February was marked on January 27th by a sale on the horror of Deepsak AI. And on February 3rd, concerns over tariffs over Canada and Mexico imports that were eventually suspended by President Donald Trump. Within the S&P 500 on Monday, it was becoming a “revolving day,” said Jeff Marks, director of portfolio analysis, as the financial and health sectors pulled back after a strong start to the year. To that end, the club names Wells Fargo and Bristol Myers Squibb were one of the worst portfolio stocks in the session. 2. Home Depot’s shares rose more than 1% after JPMorgan analysts added retailer stocks to their list of essentially the best investment ideas. The company is currently forecasting a 2.4% decline with the Wall Street consensus firmly ahead of the same U.S. store sales rose 1% in the three months that ended in January. Home Depot has not reported positive store sales, a major retail industry indicator, since the third quarter of 2022. “I was waiting for this inflection,” Jeff said. It was added to Home Depot last week. This is partly due to our belief that we will benefit from rebuilding wildfires in Los Angeles. Home Depot is set to report fourth quarter figures before the opening bell on February 25th. 3. Advances after Evercore ISI adds artificial intelligence chip makers to their “tactical outperform” list. Additionally, last week, major NVIDIA customers (Alphabet-owned Google and Amazon) joined the Microsoft and Meta platforms, planning to spend a lot of money on AI-related capital expenditures this year, and Microsoft and Meta platforms again this year Joining the company, this year, it will be joining the Microsoft and Meta platforms, based on a robust four-day winning streak in stocks. Quell’s concerns were raised by Deepseek. “A very encouraging sign” for other chip stocks linked to Nvidia and AI trade, Jeff said. My fellow club AI chip maker Broadcom was also having a strong day. It also owns Microsoft, Meta, Alphabet and Amazon. Incidentally, the higher end for the meta on Monday will be 16 consecutive sessions. (Jim Cramer’s charitable trusts are the long BMY, WFC, HD, NVDA, MSFT, META, AMZN, Google. See here for a full list of stocks.) As a CNBC Investing Club subscriber with Jim Cramer, Trade warning before Jim makes a deal. Jim waits 45 minutes after sending a trade alert before purchasing or selling stocks in the Charitable Trust portfolio. If Jim talks about stocks on CNBC TV, he will wait 72 hours after issuing a trade alert before running the trade. The above investment club information is subject to our Terms of Use and Privacy Policy, along with the disclaimer. Due to receiving information provided in connection with the Investment Club, there is no obligation or obligation of the fiduciary. No specific outcomes or benefits are guaranteed.
Nvidia tries to extend his recovery streak, and Home Depot gains huge support
By NvidiaDaily
