Best Buy rallies ahead earnings, Black Friday — but here's why we're still cautious

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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. 1. Stocks rose Monday as the shortened Thanksgiving holiday week kicked off with the S & P 500 and the Dow Jones Industrial Average hitting new highs. The Nasdaq was also rallying and not too far off its all-time highs.

We also increased our stake in Eli Lilly , which has been punished enough by worries about Trump's pick of obesity-drug critic RJK, Jr., to lead HHS. 3. Best Buy shares rose roughly 4.5% on Monday ahead of the company's fiscal 2025 third-quarter earnings before Tuesday's opening bell. and ahead of Black Friday shopping. The market may be hoping tariffs will have a minimal impact on Best Buy's financial performance.

 

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