Every weekday, the CNBC Investment Club with Jim Kramer will hold a live stream of “Morning Meeting” at 10:20am. Here’s a summary of Tuesday’s key moments. 1. Wall Street was modestly low on Tuesday, with the S&P 500 and Nasdaq sliding down from record closures to start the week. Investors are digesting the latest trade and economic updates. Treasury Secretary Scott Bessent told CNBC on Tuesday that US-China trade talks will be “increasingly productive” and expressed confidence that the deal is near. On the data side, retail sales in August are up from an expected increase, so at the end of the two-day monetary policy meeting in September, expectations remained unchanged by the Federal Reserve 25 basis points on Wednesday afternoon. According to the CME FedWatch tool, the Fed Reserve easing is still high by the end of the year, totaling 75 basis points. 2. Amazon has increased its price target with Truist from $250. Analysts looked into credit card data until September 6th. This showed that Amazon’s North American revenue tracks consensus estimates $1 billion ahead. “We’ve seen a lot of effort into this world,” said Jeff Marks, director of portfolio analysis for the club. The stock experienced a post-revenue decline of 8% on August 1 after the company’s operating profit outlook did not reach estimates. At the time, we placed it in Amazon history of conservative predictions. “You need to remember that it’s a very big company,” Jeff said. “It’s difficult to estimate what your quarterly revenue is, so they usually provide a conservative outlook, in my opinion,” Jeff added. “Based on what Truist is saying today, that outlook looks like it’s once again conservative.” 3. The biggest banks are winning in this economic environment. Mayo said capital market businesses benefit from the demand for a big backlog, accelerated mergers and acquisitions, and boosted demand driven by profitability. Back in January, we entered Goldman Sachs from Morgan Stanley, gaining further exposure in the capital markets and investment banks. “Morgan Stanley still has a big capital market business. But its wealth management franchise means the capital market has a larger share of revenue for Goldman Sachs. It was a good exchange as Goldman is one of the best, if not the best, of the year,” Jeff said. 4. Club Holding Microsoft announced late Monday that it would increase by 10% until its quarterly dividend. According to Morgan Stanley, the boost coincided with the company’s five-year average. Noting that Microsoft’s dividend yield remains small, analysts said the software and Cloud Giant remained over $55 billion left in its current stock repurchase approval. Analysts also pointed out that it is combined with dividends and growth per teenage level revenue, claiming it has a strong gross revenue profile. (Jim Cramer’s Charitable Trusts are the long AMZN, GS, and MSFT. See the full list of stocks here.) As Jim Cramer and CNBC Investing Club subscribers, you will receive trade alerts before Jim makes a transaction. Jim waits 45 minutes after sending a trade alert before purchasing or selling stocks in the Charitable Trust portfolio. If Jim talks about stocks on CNBC TV, he will wait 72 hours after issuing a trade alert before running the trade. The above investment club information is subject to our Terms of Use and Privacy Policy, along with the disclaimer. Due to receiving information provided in connection with the Investment Club, there is no obligation or obligation of the fiduciary. No specific outcomes or benefits are guaranteed.
