economy
Jim Cramer calls this chipmaker his No. 1 stock
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
TL;DR
- Markets were mixed due to potential U.S.-Iran peace deal and anticipation of SpaceX IPO.
- SpaceX IPO priced at $135, indicated to open around $165, with strong demand suggested.
- Jim Cramer advised caution on buying SpaceX stock immediately after its debut.
- Intel shares climbed 5%, with Cramer calling it his favorite stock and predicting a $200 price target.
- Jim believes Intel's prospects surpass Nvidia's, citing confidence in the CEO's statements about foundry and CPU value.
- Other stocks mentioned in a rapid fire segment: Williams Sonoma, AMD, Arm, and Lennar.
- The CNBC Investing Club holds long positions in INTC, LIN, and NVDA.