Every weekday, CNBC’s Investing Club with Jim Cramer hosts a “Morning Meeting” livestream at 10:20 a.m. ET, providing members with crucial insights into the stock market. During Wednesday’s session, notable movements and market trends were discussed.
The stock market experienced a rebound after the previous day’s tumultuous trading, which was largely influenced by apprehensions surrounding the escalating U.S.-Iran conflict. Oil prices had surged amid these tensions but showed signs of easing. Treasury Secretary Scott Bessent announced that “a series of announcements” aimed at supporting the oil trade are forthcoming. Cramer expressed optimism, suggesting that the easing of oil prices could spark a sustained market rally. He noted that the prevailing narrative connecting higher oil prices to inflation—with its potential to stifle future Federal Reserve rate cuts—had implications for stock performance. If this narrative were to change, there could be a shift towards buying, especially as the market has been deemed oversold.
In portfolio updates, CrowdStrike reported a strong quarterly performance, reinforcing the narrative that artificial intelligence (AI) presents an opportunity for growth rather than a challenge. CEO George Kurtz was set to appear on “Mad Money” later that evening to discuss the company’s success further.
Amazon saw its shares rise by over 3%, buoyed by a Bloomberg report estimating that AI start-up Anthropic could generate annual revenues of around $20 billion, a significant increase from $9 billion by the end of 2025. Amazon’s investment of $8 billion in Anthropic is seen as a key factor in driving this growth. Cramer highlighted that this could be a pivotal moment for Amazon’s stock, especially following a past quarter where shares fell significantly after the announcement of a $200 billion capital expenditure plan. However, investor sentiment improved as enthusiasm grew around Amazon’s custom chips.
Broadcom’s shares also rose by nearly 2% in anticipation of its earnings report later in the day. The club expressed expectations for the chipmaker, looking for more than $8 billion in AI revenue for the reported quarter and over $9 billion projected for the current quarter. Portfolio analyst Jeff Marks emphasized the importance of comments from Broadcom’s AI customers and the integration of AI technology into data centers. In the previous quarter, investors reacted negatively to remarks about lower gross margins projected for the second half of fiscal year 2026, but Cramer is hopeful for a solid earnings report.
The session concluded with a rapid-fire update on additional stocks, including Ross, Intel, Abercrombie & Fitch, and Brown-Forman. Members of the CNBC Investing Club receive trade alerts prior to Cramer executing trades in his charitable trust’s portfolio, with specific waiting periods in place to ensure transparency and thoughtful execution.
As always, participants in the Investing Club are reminded that the information presented is subject to terms and conditions, and no guarantees of specific outcomes or profits exist based on this information.
