What Jim Cramer learned at NYC's flagship Apple Store for the iPhone 18 launch
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
TL;DR
- Oil prices and bond yields rose, causing stocks to fall, a pattern linked to Middle East tensions.
- The market is reacting to the Federal Reserve's interest rate hike, with expectations of more to come.
- Jim Cramer believes it's a good time to buy in an oversold market and recommends specific stocks like Kimberly-Clark and BNY Mellon.
- The launch of the iPhone 18 saw moderate crowds, with anticipation for the foldable iPhone Duo.
- Stocks discussed during the 'rapid fire' segment included Meta Platforms, Costco, Berkshire Hathaway, Netflix, Tyson Foods, and Nucor.