The S&P 500 opened higher but quickly reversed course after strong JOLTS data. Nvidia shares, despite positive news from CES, also reversed sharply lower. Disney, however, bucked the trend, rising modestly following an analyst upgrade.
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. The S&P 500 opened higher Tuesday, looking to extend its winning streak to three sessions in a row. But then, at 10 a.m. ET, stronger data from JOLTS , the government's job openings and labor turnover survey, and a hotter ISM service prices paid number slammed the door on the rally. Bond yields shot up and stocks went lower.
The JOLTS raised concerns about Friday's employment report. If it comes in hot, Jim Cramer said that investors are going to wonder whether the Federal Reserve cut interest rates too aggressively in the final months of last year. The Nasdaq was being hit the hardest in Tuesday's about-face. 'Against the 10-year , for today, it doesn't matter' that Nvidia had good things to say on Monday night, Cramer said. Like the broader market, Club stock Nvidia opened higher, with investors bidding up shares after CEO Jensen Huang's CES address. But also like the broader market, Nvidia shares reversed sharply lower, losing more than 5%. The stock closed about 3.5% higher Monday at a record high. Analysts at Redburn Atlantic upgraded Disney to a buy rating from neutral and hiked their price target to $147 per share from $100. Bucking Tuesday's market, Disney shares were up modestly, trading around $112. 'You know I think the stock is radically undervalued because the franchise is worth so much,' Cramer said. Redburn said Disney is finally at the point where streaming profit growth can more than offset linear declines. The analysts cited a renaissance in content performance but voiced some concerns about parks in fiscal year 2026. Stocks covered in Tuesday's rapid fire at the end of the video were: Ulta Beauty , Shake Shack , Dow Inc. , Bank of America , and Stryker . (Jim Cramer's Charitable Trust is long NVDA, DIS. See here for a full list of the stocks
Business Markets STOCKMARKET INVESTING CRAMER JOLTS NASDAQ DISNEY Nvidia FED ECONOMICS
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