The CNBC Investing Club with Jim Cramer is keeping a close eye on the market as it navigates through some turbulent times. On an odd day like Wednesday, where Nvidia soared 10% after strong earnings, one would expect the S & P 500 to follow suit. However, stocks sold off and Treasury yields climbed in reaction to strong economic data, causing a different outcome.
The market is currently in a counter-intuitive phase where good economic news is perceived as bad news for stocks, as it may lead to higher interest rates to combat inflation. Despite this, the CNBC Investing Club is prepared with cash on the sidelines to take advantage of any market turbulence.
The club is also keeping an eye on potential buying opportunities, such as industrial company Dover and solar firm Nextracker, which are waiting to be initiated on weakness. Additionally, the lukewarm reaction to DuPont’s plan to break up into three separate companies surprised the club, as analysts are expected to raise their price targets in the days to come.
Looking ahead, there are still a few big earning reports to watch out for, including Ross Stores, Deckers Outdoor, Workday, and Intuit. As a subscriber to the CNBC Investing Club, members will receive trade alerts before Jim Cramer makes a trade, ensuring they are informed and prepared for any market moves.
