CNBC Investing Club with Jim Cramer held a “Morning Meeting” livestream on Friday, where the market made a significant turnaround after a week of selling pressure. The Dow jumped over 750 points or 1.8% in the afternoon session.
Jim Cramer’s team took advantage of the market’s weakness to buy more CrowdStrike and Goldman Sachs. They also picked up Broadcom, citing its strong earnings report and raised their price target to $300 per share from $225, implying a potential upside of over 37%.
Meanwhile, Eli Lilly jumped 5% after a study showed that Novo Nordisk’s obesity drug did not meet weight loss expectations. This update provided relief for diabetes-related medtech companies like Abbott Laboratories.
Jim Cramer’s team also invested in FedEx, Nike, Vertex, and Darden. As a subscriber to the CNBC Investing Club, you will receive trade alerts before Jim makes a move in his charitable trust’s portfolio. However, please note that no specific outcome or profit is guaranteed, and there is no fiduciary obligation or duty created by receiving this information.
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Source: https://www.cnbc.com/2024/12/20/cramer-highlights-3-stocks-to-watch-in-a-deeply-oversold-market-thats-bouncing-friday.html