Week in review: The S&P 500 kept hitting records, and an AI giant went back into the Bullpen
The Club added an old stock to the bullpen and bought more shares of another.
TL;DR
- The S&P 500 achieved an all-time intraday high, contributing to a 1.4% weekly rise and an 18% year-to-date gain.
- Positive economic data, including jobless claims, GDP, and inflation, improved investor sentiment.
- The 'Santa Claus rally' period, typically strong for stocks, has commenced.
- The Club added Alphabet to its watch list, citing advancements in its Gemini large language model and custom silicon development.
- The Club increased its Nike position, viewing the stock's dip post-earnings as overblown and noting insider buying as a positive sign.
- Amazon is expected to see gains in the next year due to catalysts in cloud computing, advertising, and e-commerce.
- CNBC Investing Club members receive trade alerts before Jim Cramer executes trades in his charitable trust's portfolio.