The Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Tuesday's key moments. U.S. stocks jumped Tuesday after a cooler-than-expected July producer price index reading. Moderating inflation boldens the case for the Federal Reserve to cut interest rates by 50 basis points in September. The latest print on retail inflation — the consumer price index — is out Wednesday.
But for investors who bought Starbucks the same day we added to our position on July 29, Jim said he wouldn't fault anybody for flipping some of those shares for a quick gain. Club name Palo Alto Networks is getting mixed reviews on Wall Street ahead of next week's earnings. Mizuho raised its price target on the cyberscurity stock to $380 per share from $350. Analyst checks indicate an uptick in demand for the first time in several quarters.
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