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Stock impact report

Why our stocks tied to AI and dependent on housing are rallying in a mixed market [MSNBC.com]

Meta Platforms, Inc. - Class A (META) 
Company Research Source: MSNBC.com
Every weekday, the CNBC Club with Jim Cramer releases the — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Monday market: Stocks were mixed with the S & P 500 and Nasdaq hovering around their all-time highs and the Dow off slightly. Last week's rally was driven by the Magnificent Seven stocks, with Club names Apple , Amazon , Alphabet , Meta Platforms , and Microsoft closing at highs. However, the group was seeing some profit-taking to start the new week, which we cannot fault because we trimmed our large position in Meta shortly after the opening bell. AI trade : The artificial intelligence buildout trade was strong after Corning announced Monday morning it expects second-quarter core sales to exceed guidance with core earnings-per-share (EPS) at the high end of or slightly above its guidance range. The specialty materials company cited the adoption of its optical connectivity products for generative AI. The update helped boost shares of s Show less Read more
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