Jim Cramer sets a Starbucks buy level
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
TL;DR
- The stock market is experiencing weakness due to rising bond yields and flat oil prices.
- Apple stock is down due to reports of decreased component orders for iPhone 18 Pro models.
- Nvidia's AI trade is facing pressure again.
- The Investing Club added shares of Kimberly-Clark, FedEx, and Bank of New York as defensive plays.
- Jim Cramer considers $90 a potential buy level for Starbucks, contingent on no Chipotle acquisition.
- Starbucks' CEO Brian Niccol's prior success with Chipotle makes a deal seem unlikely.