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 Wednesday's key moments. Stocks rise Regret on Foot Locker Watch Amazon 1. Stocks rise Equities climbed higher Wednesday morning, boosted by mega cap technology stocks ahead of Club holding Nvidia 's quarterly results after the closing bell . The S & P 500 rose nearly 0.7%, while the Nasdaq Composite jumped more than 1%.
Jim reiterated his view that investors should not buy Foot Locker. Stay tuned for a detailed analysis of the results later Wednesday. 3. Watch Amazon Loop Capital on Wednesday raised its price target on Club name Amazon to $200 a share, up from $180, while reiterating a buy rating on the stock. Analysts at Loop think Wall Street is mismodeling growth recovery at cloud unit Amazon Web Services and not properly capturing the rebound effect as attrition headwinds cycle through.
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