Every weekday, CNBC Investing Club hosts a “Morning Meeting” livestream with Jim Cramer at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. U.S. stocks were little modified on Wednesday as Wall Street awaits Nvidia’s highly anticipated earnings report after the closing bell. Some investors consider the leading artificial intelligence chipmaker’s upcoming results will determine where the AI rally goes next. But Jim Cramer said there’s more to the market than simply Nvidia. “Everyone talks about one stock and that’s Nvidia, but there are 499 others that I think are worth talking about,” Jim claimed. As an example, he pointed to Club Holding TJX Companies’ earnings surge, signaling that the U.S. consumer remains to be on the lookout for bargains in the present economic landscape. Shares of TJX rose nearly 6% on Wednesday. We’ll take an in depth take a look at the report later today. Healthcare analysts at Citigroup added GE Healthcare to their so-called top pick list on Wednesday because the medical device maker’s shares rebounded from their April 30 earnings selloff. The stock was down about 1% on Wednesday, but is up about 6% because the dust settled on earnings. “Amen. It was stressful,” Jim responded to Citi’s optimistic call. Jim said he is tempted to buy more GE Healthcare shares, but is aware that further purchases at these levels would not improve the club’s $75.92 cost basis. Additionally, we recently added to our position in GE Healthcare on May 8th. Citi also cut its price target on Abbott Laboratories to $119 per share from $128, citing concerns about its baby formula litigation. Jim acknowledged that stocks face headwinds. “We have to deal with this overhang,” he said. “We know it will be there.” However, Abbott’s offering has been widely recognized by medical professionals as a life-saving diet. (Jim Cramer’s Charitable Trust is Long GEHC, ABT, TJX, NVDA. See a full list of stocks here.) As a subscriber to 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 foundation’s portfolio. If Jim discussed a stock on CNBC television, he waits 72 hours after the trade alert is issued before executing the trade. THE INVESTING CLUB INFORMATION SET FORTH ABOVE IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, ALONG WITH OUR DISCLAIMER. THERE ARE NO fiduciary duty or duty IN RECEIVING YOUR INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO SPECIFIC RESULTS OR PROFITS ARE GUARANTEED.
