Jim Cramer is encouraged by Nvidia-China reports and dismisses a Honeywell charge
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
TL;DR
- Stocks opened higher at the start of the holiday-shortened week, with dealmaking as a major theme.
- Janus Henderson is being acquired by General Catalyst and Trian for $7.4 billion, a move Cramer believes will allow the company to go private and avoid quarterly pressures.
- Softbank is reportedly aiming to finalize its $22.5 billion funding commitment to OpenAI by year-end, which Cramer views as bullish for data center stocks.
- Nvidia's shares rose after Reuters reported the company will begin exporting H200 chips to China by mid-February, following U.S. government approval for the sale of its second-best chips.
- Honeywell's stock fell after disclosing a $470 million charge related to a settlement with Flexjet, although Cramer highlighted the positive impact of the divestiture of its Solstice business.
- Stocks discussed in the rapid-fire segment included Janus Henderson, Marvell Technology, Ollie's Bargain Outlet, Cintas, and Paychex.
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