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 edged higher Tuesday while Treasury yields ticked down following softer-than-expected retail sales data for May. There was a bright spot in spending for electronics and appliances stores, which bodes well for Club holding Best Buy .
JPMorgan boosted Apple's price target to $245 from $225 apiece, implying a 13% upside from the stock's Monday closing price. The firm raised its volume forecasts for the iPhone 16 and iPhone 17 cycles thanks to new AI features that were unveiled at Apple's Worldwide Developers Conference last week. JPMorgan also raised its earnings-per-share estimates for fiscal years 2025 and 2026.
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