economy
Jim Cramer says one thing surprises him most about Thursday's stock market
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
TL;DR
- U.S. oil prices (West Texas Intermediate) surged 8% to over $100 per barrel, reversing a prior day's decline following a ceasefire announcement.
- Jim Cramer expressed surprise that the overall market held up, with the S&P 500 being flat initially, supported by stocks like GE Vernova, Amazon, and Corning.
- Meta Platforms' shares rose over 2.5% after announcing a new AI model and a $21 billion AI infrastructure agreement with CoreWeave.
- Capital One received an upgrade to an overweight rating from JPMorgan with a price target of $213, implying 8% upside, with analysts citing limited downside and integration benefits.
- Stocks covered in the rapid fire segment included Constellation Brands, Texas Instruments, McCormick, and Unilever.