Solar stocks are winners from the presidential debate and we’ve got one primed to run

Sep 11, 2024 at 5:05 PM

Navigating the Volatile Market: Insights from the CNBC Investing Club's Morning Meeting

The CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream every weekday at 10:20 a.m. ET, providing investors with a comprehensive analysis of the market's latest developments. In this article, we delve into the key moments from Wednesday's session, offering valuable insights and guidance for navigating the volatile market landscape.

Weathering the September Storm: Resilience in the Face of Volatility

### The Resilient MarketThe S&P 500 managed to erase much of its earlier losses on Wednesday, demonstrating the market's resilience in the face of September's reputation for volatility. Despite the in-line August consumer price index, which did not alter the market's expectation of a quarter-point interest rate cut by the Federal Reserve at next week's meeting, the market remained relatively unfazed. Jim Cramer emphasized that investors should not act on the events of the morning or the previous night's presidential debate, as there was "nothing there" to warrant a significant change in their market outlook.### The Solar SurgeOne notable winner from the presidential debate was the solar sector. Both Kamala Harris and Donald Trump expressed their support for renewable energy, which helped drive a surge in the shares of Club name Nextracker, which rallied more than 6% in Wednesday's volatile market. Cramer highlighted Nextracker's role in making solar fields more efficient, positioning the company as a prime beneficiary of the growing importance of solar energy in the United States' energy landscape.### Morgan Stanley's DowngradeShares of Morgan Stanley dropped 1% on Wednesday after Goldman Sachs research analysts downgraded the portfolio-held bank to a neutral rating from buy. The analysts believe that other banks are better positioned to capitalize on the capital markets recovery, and they also noted that Morgan Stanley's stock valuation is expensive relative to its peers. Cramer has expressed frustration with Morgan Stanley, stating that the company needs to determine the future of its E-trade acquisition, and he would currently prefer to hold shares of Goldman Sachs over Morgan Stanley.### Rapid-Fire Stock HighlightsIn the final segment of the video, Cramer provided a rapid-fire overview of several stocks, including Williams-Sonoma, Campbell Soup, Viking Therapeutics, Dave & Buster's, and Shopify. As a subscriber to the CNBC Investing Club, investors receive trade alerts before Cramer makes a trade, allowing them to stay informed and potentially align their own investment decisions with Cramer's strategies.Overall, the CNBC Investing Club's Morning Meeting on Wednesday offered valuable insights into the market's resilience, the solar sector's potential, and the ongoing dynamics within the banking industry. By staying informed and adaptable, investors can navigate the volatile market landscape and potentially capitalize on emerging opportunities.