Naughty Flicks

Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenuEvery weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. 1. Nvidia shares are still down 5%, but they have staged a dramatic recovery from their lows of the session. That, in turn, helped the broader market reverse earlier losses and turn positive. Nvidia stock sank more than 14% at its worst levels of the day after the news broke before the opening bell that Jensen Huang had immediately resigned as CEO of Nvidia. This follows reports of his affairs with an alleged Chinese spy and one of his direct reports at the company. Nvidia named CFO Colette Kress as interim chief executive. Jim Cramer said she is a great choice to steady the ship. Jim said that the stock paring its losses reflects the notion that there are many great choices, both inside the company and outside, to replace Huang on a permanent basis. Jim made it clear that investors sitting on huge Nvidia gains who have not taken profits should do so . However, Jim, by no means, wants members or the Club portfolio to abandon Nvidia stock completely. 2. Even before the Huang revelations, the AI trade had been under pressure for weeks, and it only got worse after last week’s Democratic victories in the midterms. On Wednesday, Jim said he wanted to move on from Intel , which has been a disaster, and start a position in Advanced Micro Devices , which is a chief rival of Nvidia. Not surprisingly, AMD stock is up nearly 7% Thursday. Shares are on a five-session win streak after last week’s postelection tech rout. We’re still restricted from buying AMD, but Jim said Thursday, “I want to own AMD so badly it’s killing me.” 3. Jim also mentioned two other stocks that would be good to buy right now and are primed to go higher: our newest position, Constellation Brands , the Corona and Modelo brewer, and consumer products giant Kimberly-Clark . Jim said Constellation is a “huge buy.” As for Huggies and Kleenex parent Kimberly-Clark, which just completed its acquisition of Tylenol and Band-Aid maker Kenvue, Jim reiterated it as one of his favorites right now. He loves the combination and the opportunities that lie ahead with all those complementary brands under one roof. (Jim Cramer’s Charitable Trust is long NVDA, AMD, INTC, STZ, KMB. 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