Jim Cramer’s CNBC Investment Club will host a livestream of the morning meeting every weekday at 10:20 am ET. Recap Wednesday’s key moments. Stock Rise Portfolio News Deck 1 Earnings. Stocks rise Stocks rose on Wednesday after a third straight day of gains, with the S&P 500 and Nasdaq Composite up about 0.25% in morning trading. Stocks are supported by a new jobs report that showed a weaker-than-expected rise in US private payrolls in August. The news comes ahead of Friday’s release of nonfarm payrolls data, which the Labor Department is closely watching. Meanwhile, the S&P 500 Short Range Oscillator went headlong into no man’s land after Tuesday’s strong rally, proving why investors should be patient and buy in an oversold market. 2. Portfolio News Club Name Alphabet (GOOGL) has received positive coverage for this week’s Google Cloud Next event. The event features new announcements on generative artificial intelligence and the club’s expanded partnership with chipmaker Nvidia (NVDA). Citigroup also maintained a buy rating for club name Apple (AAPL) ahead of its Sept. 12 product event, during which the company is expected to announce the new iPhone 15. Finally, Morgan Stanley lowered its price target on Club Holding Humana (HUM). ) rose from $637 to $624 per share, but reiterated its buy-equivalent rating, calling the health insurer an “increasingly strong multi-year membership/EPS growth story.” 3. On-deck earnings Enterprise software giant Salesforce (CRM) and semiconductor company Broadcom (AVGO) are due to report quarterly results after the close of business on Wednesday and Thursday, respectively. And Wall Street will be trying to see if the bet on artificial intelligence is starting to pay off. The earnings report reflects the tough times for tech stocks that began in mid-July. Notice the analysis of both results. (Jim Cramer’s charitable trusts are long he’s GOOGL, NVDA, AAPL, HUM, CRM, AVGO. See here for a full list of stocks.) Jim Cramer’s CNBC Investment Club As a subscriber, you will receive trade alerts before Jim. make a deal. Jim waits 45 minutes after sending a trade alert before buying or selling shares in the charitable trust’s portfolio. If Jim talks about a stock on his CNBC television, after issuing a trade alert he waits 72 hours before executing the trade. The Investment Club information above is subject to our Terms of Use and Privacy Policy, along with our Disclaimer. No fiduciary duty or obligation shall exist or be created by your receipt of any information provided in connection with The Investment Club. No specific results or benefits are guaranteed.
