We like the message of Meta’s new executive stock plan — plus, a war beneficiary stock
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 Wednesday’s key moments. 1. Oil was driving stocks again Wednesday. U.S. and international crude prices dropped 4% each, inversely providing support for the S & P 500 to jump nearly 1%. The markets were moving on reports that the U.S. sent Iran a 15-point plan to end hostilities. Iran, not surprisingly, rejected the overture publicly. In addition to watching oil prices, Jim Cramer said that how Chevron trades is a good barometer of the direction of the overall stock market. Again, if Chevron is down, as it was Wednesday, then the market would likely be higher, and vice versa. 2. We like Meta Platforms ‘ new executive stock plan tied to aggressive targets as a way to get company leadership to reach for the stars. These options packages for CFO Susan Li, Tech chief Andrew Bosworth, Chief Product Officer Christopher Cox, and operating chief Javier Olivian won’t be realized unless “Meta achieves massive future success, benefiting all of our shareholders,” a company spokesperson said. Jeff Marks, director of portfolio analysis for the Club, said, “We like that positive alignment there.” CEO Mark Zuckerberg is not part of the plan. 3. Linde is playing the long game to benefit from helium supply disruptions in Qatar, one of the world’s biggest producers of the gas. Iran has targeted some of Qatar’s facilities involved in helium production. Linde competitor Airgas, which is an Air Liquide company, has had to reduce shipments to customers because of Qatar’s production issues. Linde is not that reliant on Qatar for helium and has its own stores of supply. Jeff said Linde can leverage its position to go after rivals’ customers and gain market share. (See here for a full list of the stocks in Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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