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 Monday's key moments. U.S. stocks kicked off the first trading session of the second half of 2024 with slight gains. Meta Platforms was the portfolio's biggest laggard on Monday, down 1.5% after the opening bell. Raymond James raised Meta's price target to $600 apiece from $550, implying a more than 19% upside from Friday's close.
Barclays laid out a case for Abbott Labs stock to bounce back after the company's latest trial over allegations that its formula may cause necrotizing enterocolitis in infants, which begins July 8. Abbott has lost nearly $30 billion in market cap since peer Reckitt Benckiser's $60 million verdict in mid-March over similar matters. But the Wall Street analysts said that if the outcome is substantially below Reckitt's figure, investors could come back to the stock.
Banks Technology Breaking News: Technology Breaking News: Markets Markets Investment Strategy Jim Cramer Morning Meeting Recaps Meta Platforms Inc NVIDIA Corp Morgan Stanley Wells Fargo & Co Abbott Laboratories Reckitt Benckiser Group PLC Reckitt Benckiser Group PLC Business News
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