Investing Club: 3 investing lessons from the Club’s meeting Thursday: Stocks fall, Cisco, Palo Alto Networks
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 Thursday's key moments. Wait for prices to fall Watch Cisco Buy Palo Alto 1. Wait for prices to fall further Stocks pulled back Thursday after the monthly producer price index showed U.S. wholesale prices climbed 0.7% in January, ahead of Wall Street's expectations, according to the Labor Department.
" But until we have more information about future order growth, we're staying on the sidelines and reiterating our 2 rating on the stock. 3. Buy Palo Alto Networks We're bullish on our newest Club holding, Palo Alto Networks , a leader in the cybersecurity industry. We pulled the company out of the bullpen and initiated a position Wednesday, buying 125 shares at roughly $175 apiece.
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