MY NUMBER 1 RECOMMENDATION TO LOSE WEIGHT: CLICK HERE
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. U.S. stocks were mixed Tuesday, on a muted performance from Big Tech. Citigroup strategists warned that tech stocks may stall out after monstrous gains. “The large consensus positioning is a risk that could amplify a turn in the market,” the analysts wrote in a Monday note. Nvidia stock was down more than 2% on Tuesday, while fellow Club names Amazon and Meta Platforms were modestly lower. “This is a consolidation day,” Jim Cramer said Tuesday. It makes sense that mega-cap would take a breather after such a stellar performance over the past year. 2. Eli Lilly posted better-than-expected quarterly earnings on Tuesday. We’re largely focused on the revenue stories for key offerings like diabetes treatment Mounjaro and the new weight loss drug Zepbound. Both handily beat analysts’ expectations on sales, making us even more optimistic about how the products will contribute to the company’s bottom line moving forward. Shares of Eli Lilly turned slightly lower after initially jumping on the release. Watch your texts and your email inboxes in the afternoon for the Club’s full analysis of the pharmaceutical giant’s fiscal results. 3. GE Healthcare stock jumped nearly 12% after reporting solid fourth-quarter results. The Club holding beat analysts’ estimates on revenue. Guidance was solid overall as well, Jim said. We’re bullish on the company’s prospects on how artificial intelligence can be incorporated into its medical scanning machines, which should be margin accretive as well. Our full earnings analysis will also be coming soon on GEHC. (Jim Cramer’s Charitable Trust is long LLY, GEHC, NVDA, AMZN, META. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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MY NUMBER 1 RECOMMENDATION TO LOSE WEIGHT: CLICK HERE
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