Wall Street praises Eaton's AI bona fides. But don't overlook our other data center play

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Morning Meeting Recaps News

Jim Cramer,Investment Strategy,Markets

The Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.

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 Friday's key moments. U.S. stocks rose on Friday after an important economic measure for the Federal Reserve, the personal consumption expenditures price index , indicated that inflation eased in May. All three major stock indexes were up about 0.3%.

"Apple verified to me that there's been some enterprise use of the product," he said, citing Lowes's use of the Vision Pro for immersive kitchen design. " you will not see anything beyond that for now and certainly not with Nvidia," he said. Raymond James initiated coverage of Eaton with a buy-equivalent rating, arguing the electrical equipment suppliers' exposure to data centers and aerospace should support strong organic growth through 2025.

 

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