Investing Club: 3 investing lessons from the Club’s meeting Wednesday: Stick with P&G, Morgan Stanley, Microsoft layoffs
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 Wednesday's key moments. Stick with PG, CAT Stand by Morgan Stanley Microsoft's layoffs aren't enough 1. Stick with PG, CAT Jim Cramer on Wednesday urged investors to continue being selective when building out their portfolios, despite the market's recent gains.
But we continue to like MS, especially after the company reported better-than-expected fourth-quarter results on Tuesday. The bank has continued to diversify its revenue streams by expanding its wealth management operations. Shares of Morgan Stanley are up nearly 14% year-to-date. 3. Microsoft's layoffs aren't enough Shares of Microsoft initially rose Wednesday after the company said it's letting go of 10,000 employees .
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