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. U.S. stocks are mixed on Wednesday as the S & P 500 attempts to break a two-day losing streak. Investors are optimistic about potential trade negotiations with China. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer plan to meet Chinese officials over the weekend in Switzerland. The more immediate market focus will be what Federal Reserve Chairman Jerome Powell says about tariffs and the economy at his news conference Wednesday afternoon following the central bank’s two-day May meeting. No interest rate change is expected. Club stock Disney is one of the biggest S & P 500 gainers, up more than 10% on Wednesday, after a stellar earnings report. Check your texts and emails shortly for our full Disney earnings analysis and our thoughts on the newly announced Abu Dhabi theme park. 2. Honeywell , a fellow portfolio stock, was upgraded to buy at Bank of America. The analysts expect a return to stable and positive earnings revisions. The Club noted that Honeywell has finally set guidance that it can actually beat, unlike in previous years. “The business mix is more defensive” than industry peers, said the BofA analysts, noting that it works well with the macro environment. They expect investors to “start focusing on the benefits” of business simplification through the upcoming spin-offs. The stock jumped over 2% on Wednesday. 3. CrowdStrike has announced a company restructuring to boost efficiency. The cybersecurity firm will lay off about 5% of its global workforce, though it plans to hire in strategic areas. While the Club stock fell nearly 4% on Wednesday, the announcement is “good news,” according to Jeff Marks, director of portfolio analysis for the Club. “We like to see companies get more efficient,” Jeff said. Analysts at Piper also agree that CrowdStrike’s move comes from a place of strength, not weakness. (Jim Cramer’s Charitable Trust is long DIS, HON, CRWD. 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.
