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. The S & P 500 on Thursday was tracking for a third straight session lower, and the index was in jeopardy of breaking a three-week winning streak. The market finds itself under continued pressure because the 10-year Treasury yield keeps rising despite last week’s Federal Reserve interest rate cut. Big call from Jim Cramer on “Mad Money” on Wednesday night: Sell speculative stocks on parabolic moves higher with no real earnings or revenue to speak of. 2. That begs the question: Where should that money go? Jim said it should go into high-quality stocks — many of which are in the Investing Club portfolio. He cited Nvidia , which has been under some pressure lately, saying that at about 27 times forward earnings, the stock is cheap considering its growth rate. Jim also said Amazon is a higher multiple stock, but “not a speculative stock.” Jim also highlighted the problems in the portfolio: Dover , Danaher , and Bristol Myers Squibb . They are all kind of too low to sell right now. We’re debating them. 3 Jim and Director of Portfolio Analysis Jeff Marks do like Costco , but there are some questions they want answers to when the retailer reports earnings after Thursday’s closing bell. While we generally know the sales numbers because Costco reports them monthly, membership fee trends and gross margins are key metrics to watch. “The problem with Costco is it sells at 52 times earnings,” Jim said. The stock is a little expensive and could go lower. But Jim said he is not worried. 4. Stocks covered in Thursday’s rapid fire at the end of the video were Chewy , Freeport-McMoRan , CarMax , Jabil , and CoreWeave . (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.
