Skip to content
Brief Briefing
  • Environment
  • World
  • UK
  • US
  • Business
  • Politics
  • Sports
  • Technology
  • Science
  • Privacy Policy
    • DMCA / Copyrights Disclaimer
    • Terms and Conditions
    • Disclaimer
    • Whitelist
Brief Briefing
  • Environment
  • World
  • UK
  • US
  • Business
  • Politics
  • Sports
  • Technology
  • Science
  • Privacy Policy
    • DMCA / Copyrights Disclaimer
    • Terms and Conditions
    • Disclaimer
    • Whitelist
Environment

Why Jim Cramer is nervous about Best Buy, plus a bright spot in this down market

adminby admin November 15, 2024 0
Why Jim Cramer is nervous about Best Buy, plus a bright spot in this down market

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 Friday’s key moments. 1. Markets dipped lower Friday after a rough week for the S & P 500 , which fell 1.7%. Investors are grappling with the potential impact of a Trump presidency, but Jim Cramer argued this “unease on Wall Street” is premature since we still don’t know how the economy will respond to the new administration. Meanwhile, energy and financials are the top-performing sectors, driven by hopes for deregulation and a pro-business environment. Coterra , our oil and natural gas play, stands to gain from increased drilling activity. Jim would “love to double down on Coterra” since data centers will turn more to natural gas to meet soaring energy needs. 2. Jim said he was nervous about Best Buy , the electronics retailer expected to benefit from the refresh AI-powered PC cycle. He’s concerned about how potential China import tariffs under a Trump presidency would squeeze Best Buy’s operating profit, since many electronics sold by the retailer are manufactured in China. Jim debated on Friday whether to trim Best Buy, but hesitated since it is more of a 2025 play. With a small 2% stake in the company, we’re opting to keep a close watch on sales trends, especially as the latest retail data shows strength in electronics and appliances — an encouraging sign heading into the holiday shopping season. 3. A bright spot in a down market is solar company Nextracker . Solar stocks rose Thursday after a Reuters report suggested clean energy policies under Biden’s Inflation Reduction Act “will be tough to roll back” as companies have already poured money into the programs. Nextracker rallied more than 6% Thursday on hopes that solar might be spared. However, the stock gave up some of those gains Friday, slipping 3%. Jim pointed out that Trump isn’t against solar companies, but rather he’s against the parts made overseas. Nextracker’s solar solutions are made in the U.S. 4. Stocks covered in Friday’s rapid fire at the end of the video were Berkshire Hathaway and Alibaba . (Jim Cramer’s Charitable Trust is long CTRA, BBY, NXT. 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.

FacebookTwitterPinterestLinkedinRedditMixEmail
admin admin
You may also like

North American Renewable Integration Study Highlights Opportunities for a Coordinated, Continental Low-Carbon Grid

by admin

Tesla Cuts Cost of Solar Panels and Solar Roof with New $500 Referral Bonus

by admin

Biden signs executive order to strengthen U.S. cybersecurity defenses after Colonial Pipeline hack

by admin

Toyoda’s “Fixed Mindset,” Michelin’s Airless Tires, Cutting Fossil Car Use — CleanTechnica Top 20

by admin

California Readers — Please Vote on the Recall!

by admin

Hybrid Power Plants & Flexibility — The Future Of The Grid

by admin

Post Navigation

Previous Post
'Political malpractice' if Trump undoes climate-geared Biden projects, outgoing U.S. energy secretary says
‘Political malpractice’ if Trump undoes climate-geared Biden projects, outgoing U.S. energy secretary says
Next Post
Sara Sharif’s father denies her body was jetwashed before family fled to Pakistan
Sara Sharif's father denies her body was jetwashed before family fled to Pakistan
Categories
  • Business
  • Environment
  • Politics
  • Science
  • Sports
  • Technology
  • UK
  • Uncategorized
  • US
  • World
November 2024
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930  
« Oct   Dec »
  • DMCA / Copyrights Disclaimer
  • Terms and Conditions
  • Whitelist Us
  • Disclaimer
  • Privacy Policy
  • Abuse
NeoMag 2019. All Rights Reserved.
  • Environment
  • World
  • UK
  • US
  • Business
  • Politics
  • Sports
  • Technology
  • Science
  • Privacy Policy
    • DMCA / Copyrights Disclaimer
    • Terms and Conditions
    • Disclaimer
    • Whitelist