The CNBC Investing Club with Jim Cramer held a “Morning Meeting” livestream at 10:20 a.m. ET, and here’s a recap of the key moments.
Stocks surged higher on Thursday as the S&P 500 nears a record high, up over 20% from its historic lows in April. The durable goods orders for May revealed a strong 16.4% increase, nearly double estimates, making it the biggest one-month gain in 11 years. Interest rates also decreased slightly.
Micron shares dropped despite posting solid quarterly earnings on Wednesday. Jim Cramer attributed this to “profit taking.” Micron’s data center revenue more than doubled due to increased demand for high-bandwidth memory.
Additionally, Broadcom and Nvidia saw significant gains, with the latter reaching a new record high set earlier in the week. Starbucks’ price target was raised by Deutsche Bank from $97 to $105, citing its investment strategy as a smart move.
In related news, stocks covered during Thursday’s rapid-fire segment included McCormick, Trade Desk, General Mills, and AeroVironment. As a CNBC Investing Club subscriber, you’ll receive trade alerts before Jim makes trades in his charitable trust portfolio.
Source: https://www.cnbc.com/2025/06/26/why-micron-shares-are-down-after-the-chipmakers-earnings-beat-and-raise.html