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. Wall Street saw a big bounce back Monday, with the Dow leading the way up roughly 1%. A rally in tech stocks was also supporting the S & P 500 and the Nasdaq . We're seeing a bit of a trend developing: Friday selloffs and Monday recoveries.
Amazon jumped nearly 7% last Thursday, the day after issuing a solid quarter. 3. The Wall Street Journal is reporting that Trian's Nelson Peltz is preparing to challenge Disney for multiple board seats and he has the support of large shareholder Ike Perlmutter. We knew this. It's not news. Jim said don't buy Disney on this story. He said to only buy Disney when the business gets better. That has not happened yet. The board of directors nomination window at Disney opens in December.
Source: News Formal (newsformal.com)
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