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 mixed to start the week, as money rotated out of the Magnificent Seven and pushed the tech-heavy Nasdaq Composite down by 0.14%. The S & P 500 rose 0.16% in midmorning trading. Bond yields were up slightly Monday after spiking last Friday in reaction to the Labor Department’s stronger-than-expected jobs report . The yield on the 10-year Treasury was hovering above 2.6%. The move comes as investors are looking ahead this week to the monthly consumer price index report and the Federal Reserve’s final policy meeting of the year. The market widely expects the Fed to hold interest rates steady on Wednesday, but will be looking for any guidance on how the central bank plans to proceed in 2024. 2. Health insurer Cigna has reportedly abandoned its attempt to acquire Club holding Humana. We know the regulatory hurdle probably would have been too challenging. There have also been reports of investor pushback on Cigna for offering up stock in a proposed deal since it’s price-to-earnings multiple is so cheap. That’s the real story. Meanwhile, shares of Humana, which have underperformed since the merger was first floated late last month, were down more than 2% Monday morning, at $471 apiece. 3. There’s been a handful of examples recently where stocks haven’t reacted to good news at first, only to rally the next day after the market has digested the information. That’s been the case with Alphabet ‘s Gemini announcement , Broadcom ‘s fiscal-fourth quarter results , and Honeywell ‘s roughly $4.95 billion deal to acquire Carrier’s security business. These events are notable examples of how the market doesn’t always get it right at first blush, creating opportunities for those with conviction in the developments. Investors should trust their homework. (Jim Cramer’s Charitable Trust is long HUM, GOOGL, AVGO, HON. See here for a full list of the stocks.) 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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