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 stock market surged on Thursday, led by better-than-expected earnings from two of our Mag 7 names, Microsoft and Meta . The S & P 500 is on pace for its 8th straight positive session on the heels of a strong comeback Wednesday, where it finished higher despite being down about 2% at one point. Jeff Marks, director of portfolio analysis for the Club, pointed out that the market boost comes “despite any concrete trade deals.” Meanwhile, interest rates are lower Thursday with the 10-year Treasury yield hovering around 4.2%. Investors are awaiting the monthly jobs report Friday before the opening bell. 2. Portfolio name Microsoft surprised Wall Street with strong a earnings report on Wednesday evening. Revenue for cloud unit Azure grew 33%, beating estimates. The company said there was strength in both AI and non-AI related services, signaling a major turnaround since last quarter’s execution challenges. Capital expenditure outlooks were unchanged. Microsoft is not scaling down investments despite recent media reports about its lease cancellations, a positive sign for AI infrastructure trade. Jim Cramer was enthused about Microsoft’s report. “This is a quality company,” he said. 3. Club stocks Amazon and Apple are next on the earnings roll call Thursday evening. For Apple, we’ll be looking for the magnitude of tariff exposure and how much it has impacted the company’s earnings. We’re also interested in whether there was a demand increase from consumers trying to get ahead of the tariffs. “Apple’s going to be problematic,” Jim predicted. It’ll be very important to hear about the company’s plans to get more of its production to India from China to avoid the higher tariff rates. For Amazon, we won’t be surprised if the company reports more conservative guidance. “I’m looking for information on how they can keep prices down,” Jim said of the e-commerce giant. 4. Stocks covered in Thursday’s rapid fire at the end of the video were: CVS , Robinhood, McDonald’s , and Mastercard . (Jim Cramer’s Charitable Trust is long MSFT, META, AMZN, APPL. 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.
