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 Thursday’s key moments. 1. Stocks are slightly higher Thursday off the heels of Wednesday’s nasty sell-off. Equity investors are once again keeping an eye on bond yields Thursday after they jumped Wednesday in response to a disappointing auction for 20-year Treasury notes. On Thursday afternoon, the 10-year Treasury yield traded around 4.56%, though it hit above 4.6% earlier in the session. One of the big forces driving the move higher in bond yields this week is President Donald Trump’s tax bill, which passed the House and now moves to the Senate. The concern among bond investors is that the legislation would add trillions to the U.S. budget deficit over the next decade. Meanwhile, the S & P 500 Oscillator has finally moved out of overbought territory for the first time since late April, ending Wednesday’s session at 3.04%. Anything above 4% for the Oscillator, our trusted momentum indicator, signals overbought conditions. 2. One of the biggest areas to monitor as the tax bill progresses through Congress is the health-care funding implications, with Jim Cramer saying the stocks of companies such as HCA Healthcare , Tenet Healthcare and Humana are important ones to watch. HCA and Tenet operate hospitals and other medical facilities. Humana is an insurer. For Humana and other insurers, another risk is Center for Medicare and Medicaid Services saying it’s expanding its audits of Medicare Advantage plans. In general, the health-care sector has been “very disappointing this year,” added Jeff Marks, director of portfolio analysis for the Club. Within our portfolio, even Eli Lilly has rolled over after having a really strong few weeks. We took advantage of that weakness to add to our position Tuesday. 3. Tech stocks Apple and Nvidia are also on our radar. Shares of Apple were lower again Thursday after they fell Wednesday on news that Open AI is buying former Apple designer Jony Ive’s AI devices startup for $6.4 billion. While Jim reiterated that he’s worried about Apple , he said that does not mean he wants to sell anymore of the stock at current levels. Nvidia shares are trading higher Thursday after a rough reversal Wednesday amid the market’s broader bond-driven sell-off. Nevertheless, AI cloud computing provider CoreWeave’s $2 billion debt offering on Wednesday signaled strong demand for AI projects. CoreWeave buys a lot of Nvidia chips. 4. Stocks covered in Thursday’s rapid fire at the end of the video were: Snowflake , AT & T , Humana , United Health Care Group , CVS Health, Marvell Technology , and Nike . (Jim Cramer’s Charitable Trust is long AAPL, LLY, NVDA. 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.
