Jim Cramer’s Investing Club meeting Wednesday: Microsoft, P&G, Estee Lauder

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Don’t buy the Microsoft dip Buy P & G Watch Estee Lauder 1. Don’t buy the Microsoft dip Microsoft (MSFT) was trading down around 0.75% midmorning Wednesday, at $240.24 a share, after the company issued softer-than-expected guidance for its fiscal third quarter Tuesday, despite delivering a slim second-quarter earnings beat. Our main concern is around the company’s expectation revenue growth at cloud computing unit Azure…

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Inflation is cooling, but prices on many items are going to stay high for months

A grocery store in New York. Wang Ying | Xinhua News Agency | Getty Images Inflation may be cooling. But, for most Americans, the price of a cup of coffee or a bag of groceries hasn’t budged. In the months ahead, the big question is whether consumers will start to feel relief, too. related investing news Over the past few months, many of the key factors that fueled a four-decade high in inflation have begun to fade. Shipping costs have dropped. Cotton, beef and other commodities have gotten cheaper. And…

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P&G CEO’s upbeat take on the economy makes the consumer staples giant even more attractive in 2023

The chief executive of Club holding Procter & Gamble (PG) on Thursday said inflation appears to be easing and pressure from a strong U.S. dollar abating — comments that only reinforce our view that the consumer staples giant is a solid name to own in 2023. Speaking from the World Economic Forum’s annual meeting in Davos, Switzerland, CEO Jon Moeller told CNBC that input costs are “leveling out,” with prices rising at a “lower rate than they were previously.” Though, he cautioned that could take time to be reflected on…

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Stocks making the biggest moves before the bell: Roblox, Discover, Chegg and more

A man photographs a Roblox banner displayed, to celebrate the company’s IPO, on the front facade of the New York Stock Exchange (NYSE) in New York, March 10, 2021. Brendan McDermid | Reuters Check out the companies making headlines in premarket trading. Roblox — Roblox shares fell 6.7% after Morgan Stanley downgraded the gaming company to underweight from equal weight and said the upside is limited following the stock’s recent outperformance. Discover — The online bank lost 7.3% despite beating expectations for per-share earnings and revenue. Discover boosted its provision…

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Procter & Gamble revenue and profit fall from a year ago

In this photo illustration a Procter and Gamble logo seen displayed on a smartphone with stock market percentages in the background. Omar Marques | Lightrocket | Getty Images Procter & Gamble reported mixed quarterly results Thursday, matching Wall Streets expectations on earnings but slightly topping them on revenue as costs come down and foreign exchange rates level out.   Shares of P&G fell about 1% in premarket trading. Here’s how P&G performed in its fiscal second quarter compared with what Wall Street anticipated, based on an average of analyst’s estimates compiled…

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5 things to know before the stock market opens Thursday

Traders on the floor of the NYSE, Jan. 18, 2023. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Momentum stalls out Wednesday was rough all around for stocks. The Dow had its worst day since mid-December, while the Nasdaq saw its seven-day winning streak snapped. Bank stocks weighed on markets, as did weak economic data: Holiday retail sales disappointed, and the producer price index, a measure of wholesale inflation, was softer than expected. On Thursday, investors will be listening to…

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5 things to know before the stock market opens Tuesday

A trader works on the trading floor at the New York Stock Exchange (NYSE), January 5, 2023. Andrew Kelly | Reuters Here are the most important news items that investors need to start their trading day: 1. Back at it Welcome back from the holiday weekend. It’s only been two weeks, but 2023 has been kind to stocks. The Dow is up 3.5%, the S&P 500 has jumped 4.2%, and the Nasdaq, which had the worst 2022 of the three indices, is up 5.9%. Even though the Federal Reserve has…

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Cramer’s week ahead: Wait before trading on company earnings

CNBC’s Jim Cramer on Friday warned investors not to make trading decisions fresh off a company’s earnings report. Stocks made a comeback on Friday after falling initially on quarterly earnings reports and recession warnings from major banks. All three major indexes ended the week up, as investors digested a slate of earnings reports and economic data that suggested inflation is cooling.  Cramer, who earlier this week offered investors a set of guidelines for earnings season, called Friday’s trading session an example of why investors should be disciplined with their portfolios.…

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Nelson Peltz’s attempt to join Disney’s board could force much-needed accountability

If Nelson Peltz were to win his fight to join Walt Disney ‘s (DIS) board of directors, the activist investor could force a level of accountability at the company that’s sorely needed. Peltz is the CEO and founder of Trian Partners, an investment firm that owns 9.4 million shares of Disney valued at nearly $940 million based Thursday’s close under $100. The firm late Wednesday issued a white paper, making a case to put Peltz on the board to help remediate Disney’s problems, including corporate governance challenges, poor strategy and…

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Jim Cramer predicts these 10 Dow stocks will perform well in 2023

CNBC’s Jim Cramer on Tuesday offered investors a collection of stocks that he believes will perform well this year. All of his picks are listed in the Dow Jones Industrial Average. related investing news “These companies tend to make things or do stuff at a profit while returning capital to shareholders, all with reasonably priced stocks — exactly the rubric for what worked once the [Federal Reserve] declared war on inflation,” Cramer said. Here is his list: Chevron Cramer said he believes the company will have a great year as…

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