Jim and Jeff discuss this energy stock’s investment into natural gas. 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
Squawk on the Street
Cramer's Morning Take: Coterra Energy 6/10/24
Jim and Jeff discuss this energy stock’s investment into natural gas. 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:
- 10 Jun 2024
- Audio Format:
- mp3
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 distributing distribution this is my morning take on the market from today's CBC investing club morning meeting ahead of a really big week here in june in terms of events there's a few big ones today with apple w_w_d_c_ but you also have c_p_i_ Wednesday fed meeting wednesday as well but these are all events that are very worrisome to a lot of people and yet what i'm saying stay the course yeah absolutely i mean look the economy you know strong jobs number friday but maybe you've seen a little bit of a a slowdown on the manufacturing industrial side so we'll see there's a lot of different inputs uh... why not just wait till what the fed has to yeah i think the one thing that we have to be mindful of not gas people look at oil or something that could but not get his own fire now that does matter because coach her is the one that we selected because it can balance ship between that case of oil now i know that's a uh... low you know this is a micro situation at the top of the u_s_ talk macro but uh... this can go much harm spins out i mean look nagas above three uh... means the highest level nagas has been since january right this reflects two dollars yet so it's interesting because at the beginning of the year they they shifted away some of their investment from nagas to oily uh... market is but let me out for sure they could always switch back uh... we'll see that's that's something to note in the in the conference calls ahead from kotara but it's our one oil position we have been buying into on some weakness right i i do like the oil side i was hoping they would come in uh... kind of equal with the with with the fact that the oil prices come down uh... we have to address the invidious but because we have a lot of video and i would tell you that that people have to understand that there's usually profits taken i think a lot of people probably confused but day one is people who got stock and say wow i can't believe i have so much stock in the video let me take three off right uh... especially after uh... year to date run of a hundred forty percent if we were to zoom out even further uh... and even bigger run and especially if you go back to when you name your dog in video uh... seventeen yeah so uh... i i guess that's the psychology around splits right they they rally ahead and then maybe you see some one day weakness on the the day after but but we'll say i would point out that while they're not that many ten for one splits it's a clearing event you get these people who sell and then the buyers over on the sellers but not day one day one is just joy in victory okay and i don't let me start your day with my output on the market every morning this is c_b_c_ dot com slash morning take to become a c_b_c_ investing club member at a special rate today opinions expressed by jim cramer on this podcast and in connection with the c_n_b_c_ investing club are solely cramers 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 cramer 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 cramer 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 cramer 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 today pursue your tomorrow with p_j_m_ a leading global asset manager [MUSIC PLAYING]