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. U.S. stocks flipped to modest gains in midmorning trading Tuesday, as investors continued to digest a historic November rally. The S & P 500 edged up 0.15%, with the market still slightly overbought, at 5.77%, according to the S & P 500 Short Range Oscillator . Bond yields were mainly steady, with that of the 10-year Treasury still below 4.4%. And oil prices ticked up by more than 1% ahead of a meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies later this week. West Texas Intermediate crude was trading around $76 a barrel. 2. A few Wall Street firms raised their price targets on Club holding Broadcom (AVGO) to reflect the closure of its acquisition of VMWare last week — with Bank of America increasing to $1,200 a share, up from $1,050, while reiterating a buy rating on the stock. “I like the acquisition very much,” Jim Cramer said Tuesday. “This [stock] can go to $1,200,” he added. Analysts are broadly positive on the deal’s accretion potential, as well as Broadcom’s strength in artificial intelligence. But they called out weakness in the traditional semiconductor business, including storage, broadband and traditional networking. Broadcom — which is set to report quarterly results on Dec. 7 — was trading at around $945 a share Tuesday morning. 3. Club holding Honeywell ( HON) announced Tuesday that it has elected a new board member. Michael Lamach served as chairman and CEO of Trane Technologies (TT) following the company’s separation from Ingersoll Rand (IR) in 2020, where he previously served as chairman and CEO for a decade. Gordon Haskett noted that Lamach has a history with spin-offs — and that’s relevant to us because we would like to see the company take action to bring out more value, either through dispositions or a larger breakup. (Jim Cramer’s Charitable Trust…
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