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 Tuesday’s key moments. 1. U.S. stocks edged lower Tuesday, with the S & P 500 down 0.2%, as bond yields climbed on the back of stronger-than-expected September retail sales . Retail sales rose 0.7% on the month, well above the 0.3% Dow Jones estimate, according to the U.S. Commerce Department’s monthly report. The news sent the yield on the 10-year Treasury up by 9 basis points, to more than 4.8% . The retail data shows that American consumers are still willing to spend amid economic uncertainty, likely allowing the Federal Reserve to keep interest rates higher for longer. 2. A number of Club consumer stocks were outperforming in the wake of Tuesday’s positive retail report, including Constellation Brands (STZ), TJX Companies (TJX) and Costco Wholesale (COST). A focus on quality merchandise at value prices should be one of the big themes this holiday shopping season, especially bolstering off-price retailer TJX and Costco. Meanwhile, ecommerce giant Amazon (AMZN) came under pressure Tuesday, and that’s largely because it’s more than just a retail stock. UBS lowered its price target on Amazon to $178 a share, down from $180, on concerns over slower growth at the company’s cloud business. The firm maintained a buy rating on Amazon stock. 3. Semiconductor stocks were falling Tuesday after the U.S. announced new plans to further restrict the export of artificial intelligence chips to China , targeting Club holding Nvidia ‘s (NVDA) A800 and H800 chips. Shares of Nvidia tumbled more than 4% Tuesday morning, to around $441 apiece. Chipmakers will now have to notify the U.S. government before selling chips that don’t meet the controlled threshold. Nvidia has said it doesn’t expect a meaningful near-term impact on its financial results, given unprecedented global demand for its AI chips. But the broader implications remain to be seen, as Nvidia…
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