From CNBC: 2024-07-11 11:30:08

On Thursday, the S&P 500 and Nasdaq retreated from record highs after a lower-than-expected inflation report. June’s CPI fell to levels not seen since 2021, sparking concerns about interest rates. Club holdings Nvidia, Apple, and Microsoft tumbled, but Morgan Stanley, Stanley Black & Decker, and Best Buy saw gains in a lower rate environment. (Source: CNBC)

Morgan Stanley, Stanley Black & Decker, and Best Buy benefitted from lower rates on Thursday. Morgan Stanley’s wealth management margins will improve, while Stanley Black & Decker’s tool sales and Best Buy’s electronics sales are expected to rise with higher demand. Wells Fargo will kick off banking sector earnings season on Friday, with the Club watching for NII guidance changes. (Source: CNBC)

Subscribers to the CNBC Investing Club with Jim Cramer receive trade alerts before Jim makes a move. Jim waits 45 minutes to 72 hours after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. The Club’s information is subject to terms and conditions, and no specific outcome or profit is guaranteed. (Source: CNBC)



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