On Monday’s “Morning Meeting” livestream, Jim Cramer of the CNBC Investing Club provided insights into the stock market’s recent surge. Stocks rose significantly, building off Friday’s strong rally, even as bond yields climbed, with the 10-year Treasury above 4.6%. Cramer noted a shift from bonds to investor enthusiasm, particularly in AI stocks, largely spurred by Foxconn’s favorable quarterly results, which positively impacted key players like Nvidia and Palantir. Nvidia’s stock increased by about 5%, reportedly anticipating CEO Jensen Huang’s keynote at CES later that evening.
Another highlight was Constellation Brands, which saw a 2% rise amidst uncertainty over President-elect Trump’s potential higher tariffs on imports, affecting beers like Modelo and Corona. Cramer criticized the notion of imposing tariffs, arguing it would adversely affect consumers and urging against such a move, given the potential backlash from increasing inflation.
Conclusively, Cramer briefly reviewed stocks including T-Mobile and Shopify, emphasizing the Club’s trading strategy, which involves sending alerts prior to executing trades in its portfolio. Subscribers are advised that specific outcomes or profits are not guaranteed.
