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 Monday’s key moments. Earnings and inflation Watch J & J Strong outlook for Meta 1. Earnings and inflation U.S. stocks edged higher Monday, with the Dow jumping over 150 points, rallying after a tough week for the major Wall Street gauges. We’re looking ahead to second-quarter earnings Friday, kicking off with financials like Club holding Wells Fargo (WFC). Consumer price index (CPI) data will be released Wednesday, which will give the market a better read on the inflation situation. Overall, there’s a lot of uncertainty for the U.S. economy as inflation stays high and the Federal Reserve mulls over further monetary tightening in order to cool a resilient labor market. 2. Watch J & J We’re watching for closing arguments in a talc lawsuit against Johnson & Johnson (JNJ) brought by a 24-year-old in California who claims asbestos in J & J’s talc products caused his cancer. Potential legal risks facing the pharmaceutical giant could impact its share price. The company has faced a series of lawsuits over the past several years. J & J has maintained its talc products do not and have not contained asbestos and are not cancer-causing. 3. Strong outlook for Meta Meta Platforms’ (META) Threads, a Twitter rival, reported over 100 million user signs up since announcing its launch late last week. Analysts at Evercore think the new product could rake in $8 billion in yearly revenue within the next two years, a 5% increase to its estimate. Shares of the social media giant are up 134% year-to-date amid a strong cycle for mega-cap tech. (Jim Cramer’s Charitable Trust is long WFC, META, JNJ. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s…
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