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. U.S. stocks were consolidating gains Monday on the heels of their best week in nearly a year , with the S & P 500 up 0.18% in midmorning trading. Bond yields also moved higher, with that of the 10-year Treasury back above 4.6%, but remained well off highs of nearly 5% seen in recent weeks. And oil prices jumped after major producers Saudi Arabia and Russia reaffirmed their commitment to extra voluntary production cuts through the end of the year. West Texas Intermediate crude gained 1.9%, to trade around $82 a barrel. Meanwhile, the S & P 500 Short Range Oscillator flipped into overbought territory, at 4.14%. But we’re still looking to put some cash to work after selling 250 shares of Foot Locker (FL) on Friday. 2. Club holding Walt Disney (DIS) named a new chief financial officer Monday, poaching longtime PepsiCo (PEP) CFO Hugh Johnston. This is a “great hire” for Disney, as Johnston has a reputation as one of the best CFOs in corporate America, Jim Cramer said Monday. Disney reports quarterly results Wednesday after the closing bell, with fiscal year 2024 guidance in focus. It’s crucial that the company continue to show improvement ahead of what could be a bruising proxy fight with Trian Partners’ Nelson Peltz. 3. Club name Coterra Energy (CTRA) reports third-quarter results after the closing bell Monday, with the post-earnings conference call scheduled for Tuesday morning. We hope to see improving well productivity with continued capital discipline. Other Club companies reporting this week include Emerson Electric (EMR) on Tuesday before the opening bell and Wynn Resorts (WYNN) on Thursday after the close. (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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