Every weekday, the CNBC Investing Club with Jim Cramer does a live “morning session” at 10:20am ET. Here’s a recap of Tuesday’s key takeaways: We want growth without inflation. WMT, HD Earnings Boost Retailers Quick Mentions: CTRA, DIS, WFC 1. We want growth without inflation. bond yields rose. The Dow Jones Industrial Average rose for its fifth consecutive session. West Texas Intermediate crude, the US oil benchmark, fell 2.5%, which bodes well for inflation. Jim Cramer has said repeatedly that he believes the peak in oil in June helped cool inflation in July. Although the market and the economy have shown promising signs recently, Jim stressed Tuesday, “We want growth without inflation. We don’t want oil to be too hot.” 2. WMT, HD earnings boost Retailers Home Depot ( HD ) and Walmart ( WMT ) reported earnings before the bell on Tuesday, boosting stocks of other retailers, including Club Holding Costco ( COST ). While we held positions in both Walmart and Costco earlier this year, we sold the former following their warnings of excess inventory and the potential impact on their bottom line. Costco, on the other hand, has not faced the same kind of inventory problems. It has also successfully raised prices on some items and held prices on others, all while maintaining strong sales. This week is full of other retailers reporting earnings. See a list here. We’ll look at each as they release their financial results and in turn provide information on consumer spending and inflation. 3. Quick Mentions: CTRA, DIS, WFC We also have updates on other club names. Natural gas jumped about 5% on Tuesday, hitting its highest level since late July. That’s good news for Club holding company Coterra Energy (CTRA), which Jim calls “the best natural gas company in the country.” We’ve reviewed Dan Loeb’s recommendations on Disney ( DIS ) and don’t think there’s anything eye-opening. Cost reduction, for example, is something we’re sure the company already has on its radar. As for Loeb’s push for Disney to spin off ESPN, we believe that while this could be good for the company’s bottom line in the short term, having a live sports component to its broadcast is crucial, especially since it helps to differentiate your product from others. services like Netflix (NFLX). Banks have performed well recently, and we think the best to own right now are Bank of America ( BAC ) and Wells Fargo Holding Club ( WFC ) for their large deposit bases. (Jim Cramer’s Charitable Trust is long CTRA, COST, DIS and WFC. See a full list of stocks here.) As a subscriber to the CNBC Investing Club with Jim Cramer, you’ll receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a share in his charitable trust portfolio. If Jim has discussed a stock on CNBC TV, wait 72 hours after issuing the trade alert before executing the trade. THE INFORMATION IN THE ALTERNATE INVESTMENT CLUB IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, WITH OUR DISCLAIMER. NO OBLIGATION OR FIDUCIARY DUTY EXISTS OR IS CREATED BY YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTOR CLUB. NO SPECIFIC RESULTS OR BENEFITS ARE GUARANTEED.
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