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Squawk on the Street

Cramer's Morning Take: Meta 4/25/24

Jim and Jeff discuss why the Club trimmed this mega cap stock and its post earnings slide. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake
CNBC Investing Club Disclaimer

Duration:
4m
Broadcast on:
25 Apr 2024
Audio Format:
mp3

Jim and Jeff discuss why the Club trimmed this mega cap stock and its post earnings slide. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake  

CNBC Investing Club Disclaimer

electricity a big idea that's inspired countless new ones from powering the light bulb to virtually powering our entire lives 30 years ago State Street launched the spider S&P 500 ETF spy a big idea that inspired the world to invest differently and still does what can you do with spy before investing consider the funds investment objectives risks charges and expenses visit ssha.com for a prospectus containing this another information really carefully before investing spies subject to risks similar to those of stocks only TS are subject to risk including possible loss of principle allows distributing distribution i'm jim cremer and you're about to hear a sample taken directly from today's cmc investing club morning meeting i think the brown shoots that you have been pointing to while they surfaced today with the g_d_p_ number that was much softer than expected and increasingly as a concern to the prices price index right so much hotter than expected so what we don't have but we're hoping for this is something my friend michael ses was the day particularly we were hoping we have a disinflation growth spurt instead we're having inflation lack of growth spurt rights the brown shoots so it means that the fed is my friend that who are we missing the fed needs help you can't just be the fed because the fed's race rates and it hasn't had inflation so what you have a situation where people say you know what i don't like to tell you the tenure is the brometer for everything we just said so me whatever the tenures says is in charge that's one of the reasons why i said last time the show i don't like the market because i don't like to have a bond in charge of my stocks right and then you have the ten-year selling golf meeting up in yields in reaction to it some concerns about stagflation will have another auction later today and then of course p_c_e_ deflator tomorrow right um... but seven years not that attractive and i don't think it's a great piece of paper because you don't want to lock yourself in at that low rate meanwhile we are seeing a lot of disappointing reactions to earnings there are some pockets of green uh... but i think that a kind of the poster child of today but the quarter metta yet of course because the quarter itself is actually pretty good and i you know revenue be twenty seven percent you're already going toward the next quarter right and earnings be expectations but the revenue guide the midpoint was later than expectations stock was priced for a blowout and now it was down seventy five at one points being come back i don't trust the comeback just a people know however we've got great the stock at four ninety we sold some stock for ninety which was a discipline sale because it was such a large percent of the portfolio and that's what we do when a stock outperforms becomes a big waiting we trim uh... unemotionally for ninety right good good sale and that was yesterday when i gave that lesson about discipline this is from karen kramer discipline trumps conviction when we work together i would always be very excited about a stock in the stock will go up huge and she would be gradually to me then she told me he'll get a soft pretzel that i could come back to cut the position by court uh... why will because discipline trumps conviction on on conviction and she's disciplined well we are learned to amalgamate and we're disciplined and that was the right thing to do now i will say this i am anxious to buy back that for ninety but there is no short-term fix meadow start your day with my out on the daily market every morning at ten twenty a_m_ visit c_n_b_c_ dot com slash morning take to access all the benefits of being a c_n_c_ investing club all opinions expressed by jim kramer on this podcast and in connection with the c_n_b_c_ investing club are solely kramers opinions and do not reflect the opinions of c_n_b_c_ n_b_c_ universal or their parent company or affiliates and may have been previously disseminated by kramer on television radio internet or another medium no specific outcome or profit is guaranteed in connection with your alliance upon or other use of the content from kramer the opinions offered in connection with this podcast in the c_n_b_c_ investing club are not an attempt to induce any particular trading behavior investment or strategy you should be aware of the risk of loss and following any strategy or investment discussed in the content from kramer to be the full c_n_b_c_ investing club disclaimer please visit c_n_b_c_ dot com forward slash investing club disclaimer what's on the horizon for financial markets at p_j_m_ it's a question that over fourteen hundred investment professionals relentlessly research in pursuit of your long-term goals specialized across asset classes but united in collaboration our teens provide global and local expertise our investments shaped tomorrow see you tomorrow with p_j_m_ and leading global asset manager [MUSIC PLAYING]