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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 Thursday’s key moments. 1. The S & P 500 and Nasdaq were in the green Thursday, and it was all tech, following a trifecta of after-the-bell earnings wins. Jim Cramer said, “It’s a pretty lousy day away from tech.” The other 10 market sectors were lower, with consumer staples, energy, and industrials the three worst on the session. Flat oil prices and slightly lower bond yields were certainly supportive of the tech rally. 2. Jim Cramer said, “We are very thrilled that we were three for three last night,” referring to the blowout earnings from Nvidia , Salesforce , and CrowdStrike , whose stocks Thursday were up more than 7%, 20%, and 17%, respectively, on Thursday. We found out that Nvidia is growing much faster than anyone thought; that Salesforce put “SaaSpocalypse” concerns to rest; and that CrowdStrike is needed more than ever in the world of AI. We raised our price targets on all three after Wednesday evening’s earnings. 3. The one area of tech under pressure on Thursday was the hyperscalers. Jim pointed out that the big theme from Nvidia’s earnings was that companies can be profitable with the AI chipmaker’s products and platforms right now. As if to prove the point, fellow Club name Amazon revealed a big Nvidia spend. While the Amazon news is good, Nvidia’s more diversified revenue stream, which is less reliant on hyperscalers, is encouraging. Nvidia said hyperscalers account for only half of its business now. 4. Stocks covered in Thursday’s rapid-fire at the end of the video were: Best Buy, Dollar General and Dollar Tree , as well as HP Inc . (Jim Cramer’s Charitable Trust is long NVDA, CRM, CRWD, AMZN. 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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