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LivestreamMenuEvery 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. 1. Stocks rose Wednesday, supported by a decline in bond yields after the Treasury said it will raise the level of long-term government debt buybacks. Strength in healthcare lifted the market, helped by big gains in Moderna and Merck on news that their experimental personalized cancer vaccine showed upbeat results . Club stock Eli Lilly soared to all-time highs, and we booked a five-fold profit . The trim does not change our positive long-term outlook on the GLP-1 giant. 2. TJX shares fell more than 2% despite the off-price retailer reporting quarterly earnings and revenue beats. Investors didn’t like the softness seen in the unit that houses the T.J. Maxx and Marshalls chains. The rest of the business was solid. We’re not concerned about Wednesday’s pullback. “I do think this could be a setup for an opportunity here,” Club portfolio director Jeff Marks said during the Morning Meeting. Check your inboxes and texts shortly for our full analysis on TJX earnings. 3. RBC Capital started coverage of Cardinal Health with a buy-equivalent rating and price target of $276, implying a 17% upside from Tuesday’s prior close. Analysts were bullish on their core pharma distribution business and radiopharmaceutical network. We really liked Cardinal’s recent quarter and its robust full-year outlook. On Tuesday, Jeff mentioned Cardinal as a potential buying opportunity. Instead, we added to our GE Vernova and Boeing positions. We’re currently a hold on Cardinal, with a $265 price target. (Jim Cramer’s Charitable Trust is long GEV, BA, CAH, TJX. 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.Read More
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