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. 1. The S & P 500 on Tuesday fell for the second straight day as rising U.S. government bond yields continue to pressure the equity market. The 10-year Treasury note briefly topped 4.2% in the session; a month ago, the yield was around 3.74%.
"I think this is a great opportunity to buy the stock of Disney," Jim said, highlighting improvements to its ESPN and movie business despite theme-park weakness. For its part, Morgan Stanley reiterated its buy-equivalent overweight rating on the stock, arguing the risk-reward setup is favorable considering a much-brighter outlook for the company in fiscal 2026. It is currently in the first quarter of fiscal 2025.
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: NBCNewYork - 🏆 270. / 63 Read more »
Source: nbcchicago - 🏆 545. / 51 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »