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 Thursday’s key moments. 1. U.S. stocks were slightly lower Thursday. The S & P 500 closed at another record Wednesday, and the S & P 500 Short Range Oscillator , our favorite trading momentum indicator, signaled an overbought market for the fourth straight session. Jim Cramer said, “I don’t like the tone” of the market, saying it’s “gotten too speculative.” He was referring to bitcoin’ s surge above $100,000, which pushed stocks tied to crypto much higher. Jim said he’s not against bitcoin and has owned it himself. He stressed people can own some bitcoin and stocks. 2. Elon Musk’s xAI plans to expand its Memphis, Tennessee, supercomputer — looking to use at least one million graphics processing units to train his artificial intelligence startup’s chatbot. The supercomputer currently has 100,000 GPUs from Nvidia . Scaling up that much would be a big payday for the Club holding. “Go buy Nvidia” if you don’t own any, Jim said Thursday. He said a pullback to $138 per share would be a good level to act. It’s not only Musk, Meta Platforms ‘ Mark Zuckerberg is investing $10 billion to build an AI data center in Louisiana. Construction is expected to continue through 2030. That means more AI chips, too. 3 . Danaher shares dropped 3% on Thursday, extending their losing streak to three sessions. CEO Rainer Blair failed to inspire investors when speaking at Evercore ISI’s health conference Wednesday afternoon. Danaher stock made a nice run this year until it started to go sideways in August. Since its latest earnings report on Oct. 22, and the lack of China stimulus, shares hit a rough patch. Jim said Thursday that if not restricted he would want to buy back some Danaher shares that we sold higher in recent months. “I remain steadfast that it’s a terrific buy,” Jim added. 4. Among the stocks covered in Thursday’s rapid fire at the end of the video were: Five Below , American Eagle Outfitters , and Take-Two Interactive . (See here for a full list of the stocks in Jim Cramer’s Charitable Trust.) 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.
Cramer says this market has is speculative — but 2 stocks are buys
