This regular gathering provides club members with a platform to share insights, analyze data, and make informed decisions regarding their investment portfolios. By engaging in collaborative discussions during these meetings, participants can stay up-to-date on the latest developments in the financial world and enhance their investment strategies. The "Morning Meeting" serves as a valuable forum for networking, learning, and cultivating a deeper understanding of the dynamic nature of the investment landscape.
Every weekday, the CNBC Investing Club, led by Jim Cramer, hosts a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of the key moments from Friday's session.
S&P 500 Declines Amid Consumer Sentiment Data
The S&P 500 saw a decline on Friday due to weaker-than-expected consumer sentiment data and a significant drop in UnitedHealth Group shares following reports of a DOJ investigation into the insurer's practices. This marks the second consecutive day of losses for the S&P 500 after reaching a record high on Wednesday. Additionally, a small position in Best Buy was exited on Thursday amidst the volatility in the market.
Texas Roadhouse Sees Share Price Dip
Shares of Texas Roadhouse experienced a slight decline on Friday following a noisy quarterly earnings report released on Thursday evening. While the company posted positive results with a beat on both the top and bottom lines, challenges in the first seven weeks of the first quarter, including calendar shifts and adverse weather conditions, created short-term obstacles. Despite this, Jim Cramer views the dip in Texas Roadhouse's share price as a buying opportunity, emphasizing the company's strong fundamentals.
CrowdStrike Faces Investigation Impact
CrowdStrike's stock took a hit, dropping 3%, after reports emerged that the SEC and Justice Department are investigating the cybersecurity company's $32 million deal with Carahsoft. Although initial headlines about the investigation surfaced in October, the recent news did not cause immediate concern. Investors are now looking ahead to the company's upcoming earnings release to assess how CrowdStrike will navigate this situation strategically.
Rapid Fire Stocks Covered
During the Friday session, stocks discussed in the rapid-fire segment included UnitedHealth Group, Booking Holdings, TSM, and Disney. Subscribers to the CNBC Investing Club with Jim Cramer receive trade alerts before any transactions are made. Jim Cramer follows a specific protocol, waiting 45 minutes after sending a trade alert before making any moves in the charitable trust's portfolio. If a stock is mentioned on CNBC TV, he implements a 72-hour waiting period before executing the trade.
Important Note for CNBC Investing Club Members
It is crucial to review the terms and conditions, privacy policy, and disclaimer provided by the CNBC Investing Club. No fiduciary duty is established by receiving information from the club, and there is no guarantee of specific outcomes or profits.
