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 Wednesday’s key moments. 1. The S & P 500 was modestly higher Wednesday, on track to break a two-day losing streak. Nvidia shares punched above a $4 trillion market value. We can see if they can close there. Jim Cramer, a long-time proponent of the stock, said Wednseday, “Don’t buy Nvidia today” and get caught up in the “watch party” atmosphere. Going forward, Jim said, “Own it, don’t trade it.” It’s a phrase that Jim suspended in the teeth of the April tariff market selloff for optionality. But, he never abandoned the idea that Nvidia should be a big part of the Club’s portfolio and members’ portfolios. Elsewhere, President Donald Trump posted on social media that we should expect more trade news later Wednesday. 2. Microsoft hit an all-time intraday high Wednesday, above $506 per share. Oppenheimer set its price target on the Club stock at $600 and upgraded it to an outperform buy rating. The analysts see more Azure cloud and artificial intelligence growth ahead, saying neither are fully priced into the stock yet. “I agree with that,” Jim said. In addition to Microsoft and Nvidia, some of our other megacap tech names — including Amazon and Meta Platforms — were also higher. Apple was lower following Tuesday’s news that the company’s COO will be retiring later this year. 3. Starbucks has received interest from nearly 30 firms in China about taking a potential stake in the coffee giant’s Chinese operations, according to CNBC sources. The offers value Starbucks China at up to $10 billion. Jim said that such a move would be part of Starbucks CEO Brian Niccol’s turnaround playbook. Niccol was CEO of Taco Bell back in 2016 when the chain’s parent Yum Brands spun off Yum China. “If you don’t own it, you should buy it,” Jim said Wednesday, referring to Starbucks stock. 4. Stocks covered in Wednesday’s rapid fire at the end of the video were Merck , JPMorgan , Morgan Stanley , Caterpillar , and UnitedHealth . (See here for a full list of the stocks in Jim Cramer’s Charitable Trust.) 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.
