Every weekday, the CNBC Investing Club hosts a “Morning Meeting” livestream with Jim Cramer at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. US stocks were mixed on Thursday. The Nasdaq hit a record high after the club released Nvidia’s spectacular quarterly report on Wednesday. The leading AI chipmaker once more exceeded analysts’ lofty revenue and profit expectations, sending shares up greater than 10%. The results confirmed our “own, don’t trade” thesis on Nvidia. Meanwhile, U.S. Treasury yields rose on Thursday’s stronger-than-expected S&P Global Manufacturing PMI, sending less tech-focused indicators similar to the S&P 500 and the Dow Jones Industrial Average lower. DuPont de Nemours shares were flat on Thursday, a session after management announced a split into three independent corporations inside the following 18 to 24 months. This is great news for shareholders, as any latest company will probably be more focused and higher capitalized, given DuPont’s already strong balance sheet. Jim Cramer says the market’s response is improper but represents a terrific opportunity for investors. “The market can’t handle Nvidia and DuPont at the same time,” Jim said. “The opportunity for you at home is exceptional.” We plan to expand our DuPont position once the portfolio isn’t any longer constrained and upgrade the chemical maker to a 1-equivalent rating. Bernstein initiated coverage on Ford Motor with a Buy-equivalent rating and a price goal of $16 each, representing a rise of about 33% from the stock’s intraday level. Analysts at the corporate said the auto giant could hit the high end of its adjusted EBIT forecast for fiscal 2024 and that Ford’s electric vehicle (EV) business, which has been a loss-maker, could break even before the top of the last decade. We welcome the optimistic view, but maintain a rating of two for F shares. (Jim Cramer’s Charitable Trust is long DD, F, NVDA. See a full list of stocks here.) As a subscriber to CNBC Investing Club with Jim Cramer, you’ll receive a trade alert before Jim makes a trade. After sending a trade alert, Jim waits 45 minutes before buying or selling a stock from his charitable trust’s portfolio. If Jim talked a couple of stock on TV, he waits 72 hours after the trade alert is issued before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY AND DISCLAIMER. NO FIDUCIARY OBLIGATION OR OBLIGATION SHALL EXIST OR CREATE BY RECEIVING ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO PARTICULAR RESULT OR WIN IS GUARANTEED.
