Every weekday, the CNBC Investment Club will host a live “Morning Meeting” with Jim Cramer at 10:20 a.m. ET. Here’s a look back at Monday’s key moments. Stocks were lower after a rebound on Friday, capping off a wild week for tech stocks. The coming week promises to be a busy one, with the Federal Reserve meeting, 14 financial reports from club names and the government’s jobs report all on the agenda. Earnings this week include Microsoft (after the close on Tuesday), Meta Platforms (after the close on Wednesday), and Apple and Amazon (both after the close on Thursday). Jim Cramer said Monday that these “will be impactful situations.” Jim previews what’s to come in his Sunday column. We also had a slew of deals on Monday morning, including one of the names on this week’s report: Starbucks. Ahead of Apple’s earnings report, Bloomberg reported that the tech giant is delaying its artificial intelligence software features that will not be available when the new iPhone is released. Jim said anything that can extend what is expected to be a strong device upgrade cycle is good, adding that the iPhone 16, expected to launch in September, is just the beginning for artificial intelligence and Apple devices. Jim also said that Apple does not pay as much money for artificial intelligence as other companies because companies want to give their artificial intelligence to Apple. After plaintiffs were awarded nearly $500 million over claims that premature infant formula was dangerous, Jim called Abbott Laboratories a disaster, but “that disaster has not yet been reflected in the stock price.” The company has lost about $30 billion in market value since a smaller, similar verdict against a rival brand. Jim didn’t think such a massive sentence would stand, calling Abbott “crazy.” He advised investors to hold on to the stock for now. (See here for a complete list of stocks in the Jim Cramer Charitable Trust.) As a subscriber to Jim Cramer’s CNBC Investing Club, you will receive trade alerts before Jim makes his trades. Jim waits 45 minutes after sending a trade alert before buying or selling stocks in his charitable trust portfolio. If Jim talked about a stock on CNBC TV, he would wait 72 hours after issuing a trade alert before executing the trade. The investment club information above is subject to our Terms and Conditions and Privacy Policy and our Disclaimer. No fiduciary duty or obligation is created or created by any information you receive in connection with the Investment Club. No specific results or profits are guaranteed.
