economy
Jim Cramer warns this stock may have run up too much ahead of earnings
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
TL;DR
- S&P 500 and Nasdaq hit record highs due to progress on a U.S.-Iran peace deal, leading to lower oil prices and interest rates, and a rally in tech stocks.
- AI and data center infrastructure stocks, including Corning and Nvidia, are leading the market rally, with a new optical fiber partnership between Corning and Nvidia noted.
- Arm Holdings shares increased 12% before earnings, but Jim Cramer advised caution, suggesting pre-earnings gains could limit post-report upside.
- Alphabet and Amazon are considered among the best of the Magnificent Seven, with Nvidia also in that group, while Cramer expressed regret for not re-buying AMD.
- Stocks discussed in a rapid-fire segment included Uber, Disney, Solstice Advanced Materials, and Kraft Heinz.