Every day, CNBC Investing Club with Jim Kramer releases home stretches. Market Movement: Stocks mixed on Friday as bond yields rose after putting pressure on market rates for several days. Still, the S&P 500 was on track for weekly profits of over 1.5%. The index was trading at record highs ahead of next week’s federal meeting. At this time, the Monetary Policy Committee was primarily expected to reduce the Fed fund’s ongoing bank lending rates from 4% to a target range of 4.25% at 25 basis points. Fed funds are the rates that everyone mentions when talking about central bank interest rate cuts. Laguna News: For a week, we listened to the industry-focused Morgan Stanley Laguna Conference for updates surrounding the portfolio’s name. The one we hadn’t reached yet was Eaton, whose CEO, Paulo Lewis, spoke on Thursday evening after the market closed. Lewis’ three electrified end markets said it is focused on investment. Given that AI stories were a major theme this week, data centers were the main focus of their speeches after Oracle provided an incredible multi-year revenue framework. We already knew that hyperscalers (these megacups, well-known high-tech companies) were competing to invest hundreds of billions of dollars in new data center projects, but Lewis backed it up with hard numbers. According to Ruiz, as of last year’s meeting, the data center industry had a $150 billion backlog between the projects that were built and announced. Now, that number has more than tripled across the industry. In the utility, Ruiz actively pointed out how load growth is growing at around 0.5% per year, but the market should invest now as growth is projected to increase to 3% per year. In aerospace, Lewis said the defense industry is getting better than the company predicted for investors’ day in March. The Laguna Conference was a strong reminder of the secular tailwinds that support Eton’s business and why its growth should last for years to come. Next week: While companies in their portfolio are not reporting revenue for next week, notable releases include General Mills, Darden Restaurant, FedEx and Renard. Two club names have an Analyst Day event. CrowdStrike will have one on Wednesday as part of the annual Falcon Conference. And on Thursday, DuPont will introduce the future DuPont Company and Qnity Electronics. Of course, it also adds the weekly rate decision to ET, with 2pm ET decision on Wednesday, followed by a post-meeting press conference by Fed Chairman Jerome Powell. (For a full list of Jim Kramer’s Charitable Trust stocks, see here.) As a member of the CNBC Investment Club with Jim Kramer, you will receive a trade warning before Jim can trade. 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.
