Every day, CNBC Investing Club with Jim Kramer releases home stretches. Market: Wall Street lowered Friday afternoon as Israel escalates in the Middle East following attacks on Iran’s nuclear infrastructure. Iranian television said it has stopped negotiations on nuclear weapons with the United States. Both were scheduled to speak on Sunday. Shortly afterwards, losses on the stock market picked up steam as headlines emerged about Israel’s Iranian missile attacks. The Dow Jones industrial average fell nearly 2%, bringing it to the downside, but both the S&P 500 and the NASDAQ fell by more than 1%. Meanwhile, oil prices have skyrocketed in the news, but profits have eased compared to locations that are trading overnight. International benchmark Brent Crude Oil went above $74 per barrel, exceeding 74%. The US oil benchmark West Texas mid-range crude also pops 7%, trading nearly $73 per barrel. As Zev Fima, a portfolio analyst at the Investment Club, wrote earlier this afternoon, our approach is to sit in our hands now and not make a dramatic move into the portfolio. “So, as we get closer to being stuck on a weekend full of fear-inducing geopolitical headlines, we have to do that most difficult thing. Medical Shuffle: Club Name Amazon is reorganizing its “healthcare business” into six new units, with the goal of creating a simpler structure. Here are some excerpts from their stories: “Our leadership team focuses on simplifying our structure, moving faster and continuing to innovate effectively.” [Neil Lindsay, senior vice president of Amazon Health Services] I said this in a video chat. “One of the problems we are trying to solve is the fragmented experience for patients and customers, the average in healthcare.” …. Amazon refused to share financial figures for its health business, but Lindsay said it is seeing “very strong growth” across its products. As Amazon’s long-term investors, we continue to be intrigued by our ambitions in the large-scale healthcare industry, particularly using logistics capabilities on the delivery side of prescription drugs. The acquisition of one healthcare, the primary care provider, was also a big deal. At the company’s annual shareholders meeting in late May, CEO Andy Jassy said he was “very excited” about the “continuing to grow” of that one medical subscription. However, in general, healthcare seems more difficult to crack than you would expect. So Friday’s report caught our eye as it shows Amazon wants it to be unsatisfied with its organizational structure. Still, for now, it’s not a major emergence of the needle compared to the e-commerce, advertising and cloud computing sectors. Meta Movement: Scale AI founder Alexandr Wang has confirmed that Instagram parents are leaving the startup to join Club Name Meta Platforms, part of a bold move to stay on the cutting edge of artificial intelligence. When Meta wrote about investing nearly $15 billion to win a 49% stake in Scale AI on Wednesday, Wang was under the impression that he would join Meta’s new “Super Intelligence” unit in addition to his duties at a data signing startup. it’s not. The new revelation highlights the aggression of meta CEO Mark Zuckerberg amid concerns that some of AI technology are lagging behind in performance. Wang is well known in the tech industry as the bright mind of AI. He founded Scale AI before he turned 20. Also, talent is extremely important in AI racing. Apple Shipment: Reuters, summarizing these updates on the big technology name, reported that 97% of iPhones exported from India by manufacturer Foxconn went to the US from March to May. This is a dramatic increase from the export rate of about 50% in 2024, citing customs data. The report clearly illustrates Apple’s strategy to navigate President Donald Trump’s tariffs by reducing dependence on China, which faces a much higher obligation rate than India. Next: While a significant weekly revenue within the portfolio, Lennar and Darden restaurants are scheduled to report on Monday and Friday, affecting the club names Home Depot and Texas Roadhouse, respectively. Also reporting Jabil, La-Z-Boy, GMS, Smith and Wesson Brands, Kroger, Accenture, and Carmax. The Federal Reserve decision on interest rates and latest economic forecasts arrives Wednesday. The economic calendar will feature the latest figures on retail sales and import/export prices on Tuesday morning, with the first unemployment claim being filed on Wednesday morning. The following Friday and weekend, there will be a science session with the American Diabetes Association, with club name Eli Lily there with updates. (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.
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