In the latest CNBC Investing Club Morning Meeting, key moments included mixed performances in U.S. stocks, with Big Tech names dragging down the S & P 500 and Nasdaq while the Dow saw an increase. The rally in Nvidia cooled off after their artificial intelligence conference, but the consensus remains that Nvidia is still ahead of the competition. JPMorgan analysts lowered their price target on Starbucks stock due to cautious commentary from the CFO, hinting at a possible guidance cut for the second quarter.
Abbott Laboratories saw a rise in stock price, aiming to recover from a market cap loss over four sessions following a controversial ruling against a rival baby formula maker. The Club believes the sell-off was exaggerated and would consider adding more shares on a pullback. As a subscriber to the CNBC Investing Club with Jim Cramer, members receive trade alerts before Jim makes a trade, with a waiting period before executing the trade after issuing the alert. Overall, the latest updates indicate a cautious approach to investing in volatile markets, with opportunities to capitalize on dips and changes in stock prices.
