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CNBC Investing Club’s “Morning Meeting” with Jim Cramer airs live every weekday at 10:20 a.m. ET. Here’s a recap of Thursday’s highlights. 1. The S&P 500 was slightly lower on Thursday, reversing some of the previous session’s gains. The Nasdaq, after hitting 20,000 for the first time on Wednesday, was also down, but the tech-heavy index was down from the morning. The Dow Jones Industrial Average was essentially unchanged. Live on the New York Stock Exchange Thursday morning, Jim Cramer interviewed President-elect Donald Trump, who struck an upbeat tone about the future of US business growth, which should bode well for stocks. Jim took the floor for the entire exchange: “He’s the most pro-business president I’ve ever seen.” 2. A pair of club stocks report gains after Thursday’s bell. With custom chip designer Broadcom, we’ll see management comments on AI-related sales, along with updates on the recovery of its legacy semiconductor business and VMWare integration. Shares fell nearly 3% in Thursday’s session, and history suggests further weakness may be in store when earnings hit. Jim said investors need to be ready to act. “There are opportunistic people, including us, who have bought (earnings) stocks at great success … and I want them to be willing to do the same,” Jim explained. Another company that announced Thursday is Costco, and all eyes will be on membership growth. “This is another one that typically falls on earnings because a lot of the good news is priced in because of the monthly sales (releases), but again, it’s been a buying opportunity every time. You can always see stocks going high,” said Jeff Marks, Director of Portfolio Analysis. . 3. Recent advances in quantum computing by Alphabet-owned Google are shedding new and more positive light on Honeywell’s initiatives in the space. Earlier this year, Bloomberg News reported that Honeywell was considering an initial public offering for its quantum computing business, Quantinium, as soon as next year. As the company faced pressure from Elliott’s activists, Jim suggested that Honeywell should seize the opportunity to demonstrate Quantinium. If management wants to raise its stock price, “Quantinium’s (IPO timeline) will go up,” Jim said. “Put it in line. Sell it right now for 20%. If they don’t do that, then again we know they’re not experts,” Jim said. 4. The stocks covered in Thursday’s rapid fire at the end of the video were: Adobe, Nucor, PepsiCo, Kenvue and Otis Worldwide. (Jim Cramer’s Charitable Trust is long AVGO, COST, GOOGL, HON. See the full list of stocks here.) As a subscriber to the CNBC Investing Club with Jim Cramer, you’ll receive a trade alert before Jim makes a trade. Jim will wait 45 minutes after sending a trade alert before buying or selling a share in his charitable trust portfolio. If Jim has talked about a stock on CNBC TV, he will wait 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS PURSUANT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, SUBJECT TO OUR DISCLAIMER. NO FIDUCIARY OBLIGATION OR OBLIGATION IS CREATED, OR CREATED, FOR ANY INFORMATION ENTERED INTO WITH THE INVESTMENT CLUB. NO SPECIFIC RESULTS OR PROFITS ARE GUARANTEED.
