1. US Stock Market Report for Monday
Monday brought a mixed period for the stock market in the United States, with different companies showing diverse trends. The S&P 500 and blue-chip Dow Jones saw slight declines, while the tech-heavy Nasdaq recorded small gains. This week, financial results from tech giants will be released, with Microsoft being the first to present its report on Wednesday. Apple, Meta, Amazon, and Alphabet will follow on Thursday. Jim Cramer stated that markets are in a state of breath-holding as investors await these results. Additionally, investors are anticipating the announcement of the Federal Reserve’s Open Market Committee meeting protocol and the quarterly treasury refund announcement.
2. Expected Financial Results for Apple
Jim Cramer mentioned that investors should not be surprised if Apple’s financial results are not spectacular. The company’s stock has been lagging behind other market giants since the beginning of the year, mainly due to cautious analyst forecasts. “Apple is not just about the numbers,” he added. “It’s about the forecasts for the next quarter.” On Thursday, during the report publication, Apple’s stock may show some weakness. Nevertheless, our positive approach to Apple remains unchanged, considering its solid foundations and diversified revenue streams.
3. New Addition to the Portfolio – Abbott Labs
Abbott Labs, an American medical device manufacturing company, has been added to the portfolio of the club’s investors. After a 2% decline in the company’s stock since the release of its results on January 24th, we decided to invest in this company for further gains. Abbott has excellent product lines related to diabetes, mainly known for its glucose meter. Despite some analysts’ concerns that the introduction of GLP-1 drugs for weight reduction and treatment of type 2 diabetes may disrupt this field, studies have shown better results for patients using these drugs in combination with Abbott’s products. “We believe it is time to appreciate Abbott for the growth and innovation happening here,” said Jim Cramer (Jim Cramer’s Charitable Trust holds shares in AAPL, META, AMZN, GOOGL, MSFT, ABT. You can find the full list of owned stocks here). As a subscriber to CNBC’s Investing Club with Jim Cramer, you will receive transaction notifications before Jim performs transactions in the charitable account. Jim waits 45 minutes after sending the notification before buying or selling stocks in the charitable foundation’s portfolio. If Jim mentions a stock on CNBC television, he waits 72 hours after issuing the transaction notification before executing the transaction. THE INFORMATION PROVIDED REGARDING THE INVESTING CLUB IS SUBJECT TO OUR TERMS AND CONDITIONS, PRIVACY POLICY, AND CONCEPT OF GENERAL ACCEPTANCE. THE LACK OF SPECIFIC RESULTS OR PROFITS IS NOT GUARANTEED.
Related links:
– Apple: [link]
– Abbott Labs: [link]
The source of the article is from the blog agogs.sk