CNBC Investing Club with Jim Cramer hosts a “Morning Meeting” livestream each weekday at 10:20 AM ET. Let’s know about the major moments of Thursday. December CPI Raises Stocks, Optimism About Fed Nelson Peltz’s Track Record Speaks For Itself Expectations For Wells Fargo’s Upcoming Earnings 1. December CPI Good News December After Report Consumer Prices Declined 0.1% In December The Dow was up later on Thursday. with expectations. Overall, the data is positive for the market as it shows that inflation is coming down. More analysts now expect the Federal Reserve to raise interest rates by a quarter percentage point in February, suggesting the tide may be turning in the central bank’s fight against inflation. 2. Nelson Peltz’s track record speaks for itself Disney (DIS) faces a proxy fight as Nelson Peltz’s activist firm Trian Fund Management vie for a seat on its board. Trian’s issues with the entertainment giant include poor corporate governance, a questionable streaming strategy and its struggling stock price. Peltz indicated on Thursday’s “Squawk on the Street” that the fund wants more accountability, cuts to corporate spending and a plan to fix the balance sheet. While Peltz does not have experience in media, his expertise is in consumer brands, with successful tenures on the boards of Procter & Gamble (PG), HJ Heinz, now Kraft Heinz (KHC) following the 2015 merger of Kraft Foods and Wendy’s. (KHC). Wayne). Because Disney is ultimately a consumer brand company, we are concerned about its relaunch. 3. What to watch in Wells Fargo’s earnings Wells Fargo (WFC) reported fiscal fourth-quarter earnings before the opening bell on Friday. The bank is one of the best in the financial group, but we would like to see whether it has seen any loan losses in its recent quarter. It’s also noteworthy that Wells Fargo’s restructuring plan gives it a unique opportunity to reduce expenses at a time when its competitors are grappling with rising costs. As a result, we expect Wells Fargo to guide to lower expenses for 2023 than for 2022. Club with Jim Cramer You will receive a trade alert before Jim makes a trade. Jim waits 45 minutes to send a trade alert before buying or selling stocks in his charitable trust’s portfolio. If Jim talks about a stock on CNBC TV, he waits 72 hours after the trade alert is issued before executing the trade. The above Investment Club information is subject to our terms and conditions and privacy policy, along with our disclaimer. No fiduciary obligation or duty exists, or is created, by virtue of your receipt of any information provided in connection with Investment Club. No specific results or benefits are guaranteed.
Jim Cramer’s Investment Club Meeting Thursday: December CPI, Disney