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 Wednesday’s key moments. 1. The stock market rebounded Wednesday after a lackluster Tuesday session, which was pressured by AI-stock valuation concerns. Speculative stocks have unfortunately had young investors in a chokehold as of late, according to Jim Cramer. “Those have a very negative impact on the market when they go down, even though they shouldn’t because those are all speculative,” Jim said, citing volatile trading in quantum, nuclear, and crypto-related names. Meanwhile, ADP private payroll data came in better than expected, with 42,000 jobs added at U.S. companies in October. 2. Eli Lilly shares were seeing another day of gains, up over 4% on Wednesday, on reports the drugmaker and rival Novo Nordisk may soon ink a GLP-1 pricing deal with the Trump administration. The agreement would include obesity coverage in Medicare and Medicaid programs. As a result, the lowest dose of Lilly’s Zepbound could sell for $299 through TrumpRX. That’s $50 cheaper than through LillyDirect, the company’s direct-to-consumer platform. Overall, this would expand access for Club holding Lilly’s Zepbound and Mounjaro, increasing the pharma giant’s total addressable market for its blockbuster weight-loss and diabetes treatments. The Wall Street Journal reported Tuesday that part of the deal may include an early review of Lily’s oral GLP-1, Orforglipron, which the Club’s eager to see happen as well. 3. Club holding DuPont hit an all-time high Wednesday, adding to recent gains since it spun off Qnity Electronics. “I would actually be inclined to sell some [of the stock],” Jim said, following DuPont’s parabolic moves. DuPont will report quarterly earnings Thursday morning. Jim called Qnity a “bargain” as shares fell more than 5% on Wednesday. “I’m a buyer of that,” he added, describing the dip as “a little ridiculous.” Qnity, which makes materials needed to manufacture and package semiconductors, will share a business update after Thursday’s close, just three sessions after the specialty chemicals maker made its public debut. 4 . Stocks covered in Wednesday’s rapid fire at the end of the video were: Advanced Micro Devices , Arista Networks , McDonald’s , Axon Enterprise , and Pinterest . (Jim Cramer’s Charitable Trust is long DD, LLY, Q, SOLS. See here for a full list of the stocks.) 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.
Qnity (Q) is a screaming buy after a ‘ridiculous’ decline
