DuPont stock hits new high after upgrade — why we’re not buyers here

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 were flat on Friday, a session after the Dow hit above the 40,000 mark for the first time. The Nasdaq Composite and S & P 500 also notched intraday records Thursday, but slipped by the close. It’s a “muted market,” said Jim Cramer, where “there’s not much happening in any single place.” But Club holding Nvidia’s quarterly earnings on Wednesday could be the next catalyst, Jim argued. This is because investors often see the chipmaker as a bellwether of the buzzy artificial intelligence trade. DuPont de Nemours stock jumped over 2% after Jefferies analysts upgraded the materials name to a buy from hold rating. The firm also raised DuPont’s price target to $101 apiece from $78, a more than 30% advance from Thursday’s close. Analysts touted DuPont for its favorable end markets like electronics, forecasting an upturn that could extend into 2026. We agree with this growth story. “If you have a stock you really love, you actually want it to come down,” Jim said, adding the Club would be buyers again at a lower level, thus its 2 rating on DD shares. “I want DuPont to come down.” We’re awaiting Palo Alto Networks earnings report on Monday. The Club trimmed its position in the cybersecurity leader Thursday following the stock’s recent surge. We’d like to learn more from management about the company’s platformization strategy, which previously dinged shares after February’s quarterly print. Many Wall Street analysts, however, have lately been very bullish on Palo Alto stock, citing increased deal activity and beatable estimates. (Jim Cramer’s Charitable Trust is long NVDA, DD, PANW. 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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