MY NUMBER 1 RECOMMENDATION TO LOSE WEIGHT: CLICK HERE
Every weekday, the CNBC Investing Club with Jim Cramer hosts “The Morning Briefing” live at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. We like industrialists. We believe in Amazon. LLY 1 is still bullish. We like them. Industrialists. Wall Street was lower on Monday, particularly the Nasdaq, continuing last week’s losses. Morgan Stanley said in a note that rising interest rates and elevated inflation, along with a weaker earnings outlook, bode poorly for stocks. However, when it comes to the economy, we prefer to start from the actual results of companies rather than purely from economic data. To that end, we still like industrial stocks. Second, we also like pharma and consumer discretionary companies. A few names in our club are Emerson Electric (EMR), our newest position was established last week, and Humana (HUM). 2. Confidence in Amazon We bought 50 shares of Amazon ( AMZN ) on Monday, encouraged by an oversold market and the company’s ability to improve performance if it gets aggressive with layoffs. Analysts at Atlantic Equities said in a note on Monday that Amazon could deliver year-over-year margin growth in the first half of next year, citing opportunities for the company to expand and stabilize margins in e-commerce and Amazon Web Services (AWS). . While we worry that Amazon is part of a failing Big Tech group, we believe it can fight the tide. 3. Still bullish on Eli Lilly The Food and Drug Administration (FDA) has added Eli Lilly’s ( LLY ) new type 2 diabetes drug Mounjaro to its drug shortage list, underscoring strong demand for the drug. Mounjaro’s promise as an obesity treatment, a possible additional indication in current trials, is at the heart of our bullish case for the stock. Despite that shortfall, we now know that Eli Lilly plans to double its manufacturing capacity next year, and that demand could be off the charts if regulators approve Mounjaro for obesity. (Jim Cramer’s charitable trust has AMZN, EMR, HUM, and LLY debt. See here for a full list of stocks.) As a CNBC Investing Club with Jim Cramer subscriber, you’ll receive a trade alert before Jim closes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charity’s portfolio. If Jim talked about a stock on CNBC, he waits 72 hours after the trade alert is issued before he executes the trade. THE ABOVE INFORMATION IN THE INVESTING CLUB IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY TOGETHER WITH OUR DISCLAIMER. NO FIDUCIARY OBLIGATION OR DUTY SHALL EXIST OR BE CREATED BY YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO PARTICULAR RESULT OR PROFIT IS GUARANTEED.
.
MY NUMBER 1 RECOMMENDATION TO LOSE WEIGHT: CLICK HERE
Source