stocks
4 of our stocks are helping Nasdaq's rise Friday
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
TL;DR
- Stocks traded higher on the first trading day of the new year.
- The Nasdaq saw strength from semiconductor stocks Nvidia and Broadcom.
- GE Vernova and Eaton also showed strength in AI infrastructure.
- Vertiv shares increased after a Barclays upgrade.
- Nike shares fell over 1% despite recent insider buying, including from Apple CEO Tim Cook and Nike CEO Elliott Hill.
- Apple shares decreased after Raymond James initiated coverage with a 'hold' rating, citing valuation concerns.
- Investors are looking for innovation in Apple's AI initiatives to drive future sales.
- Jim Cramer's Charitable Trust holds positions in Nvidia, GE Vernova, Eaton, Nike, and Apple.