Investing Club: 3 investing lessons from the Club’s meeting Friday: Dow stocks, Fed, Ford
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. Stick to Dow stocks Watch wage inflation Monitor Ford price cuts 1. Stick to Dow stocks The S & P 500 and Nasdaq Composite fell on Monday ahead of a jam-packed week of earnings and an expected interest rate hike from the Federal Reserve. At the same time, the Dow Jones Industrial Average inched up 0.04% in midmorning trading.
"They will engineer a soft landing – I reiterate, they will engineer a soft landing," Jim said. 3. Monitor Ford price cuts Ford Motor on Monday said it is lowering prices on its electric Mustang Mach-E crossover , while ramping up production. The move, which comes on the heels of similar price cuts by electric vehicle maker Tesla , means not all Mach-E models will be profitable on a per-unit basis.
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