Jim Cramer calls an AI data center stock a buy, offers a level to buy a household name
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
TL;DR
- S&P 500 rose on Friday; oil prices retreated, lowering bond yields.
- August consumer price index met expectations but remained elevated.
- Odds of an interest rate hike at the Fed's next meeting increased significantly.
- Jim Cramer sees Kimberly-Clark as a potential buy around $96 due to its dividend yield, despite concerns about China.
- Microsoft plans to triple its computing power by 2032, benefiting GE Vernova's role in data center energy.
- Cramer is bullish on GE Vernova, viewing it as a buy at current prices.
- Other stocks mentioned in rapid fire included Oracle, Adobe, Kroger, and RH.