economy
Want to Buy Wells Fargo or Maybe TJX? Here Are the Levels to Watch
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
TL;DR
- The S&P 500 fell nearly 1% due to uncertainty over ceasefire talks with Iran.
- U.S. oil prices rose 4% while the stock market declined.
- Jefferies initiated Wells Fargo as a buy, with Jim Cramer suggesting buying more if the stock drops below $80.
- TJX stock is favored during economic uncertainty due to its affordable, quality offerings.
- Stocks discussed in the rapid fire segment included Jefferies, Nucor, Tyson Foods, and Qualcomm.
- The CNBC Investing Club provides trade alerts to subscribers before trades are made.