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. Wall Street was lower after Friday's rebound in a wild week that featured rotations in and out of tech. It's a busy week ahead with a Fed meeting, 14 earnings from Club names , and the government's jobs report on the docket. Among this week's earnings are Microsoft , Meta Platforms and Apple and Amazon .
Following a nearly $500 million verdict for the plaintiffs in a trial over allegations about the dangers of formula for premature babies, Jim called Abbott Laboratories a disaster, but the "disaster is not yet priced in" to the stock. The company has lost some $30 billion in market cap since a smaller, similar verdict went against a competitor's brand. Jim does not think a verdict of this size against Abbott, which he criticized as "insane," will stand.
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