Every weekday, CNBC Investing Club with Jim Cramer hosts a live broadcast of “Morning Meeting” at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. U.S. stocks were mixed on Thursday. The Nasdaq hit a record high after the Club released Nvidia’s spectacular quarterly earnings report on Wednesday. The leading AI chipmaker once again beat analysts’ sky-high earnings and bottom line expectations, sending shares up more than 10%. The results reaffirmed our “own it, don’t trade it” thesis on Nvidia. Meanwhile, U.S. Treasury yields rose on Thursday following the stronger-than-expected S&P Global Manufacturing PMI released on Thursday, leading less tech-focused indicators, the S&P 500 and the Dow Jones Industrial Average, to decline. DuPont de Nemours shares were stable on Thursday, one session after management announced a split into three independent companies within the next 18 to 24 months. This is great news for shareholders, as each new business will be better focused and better capitalized, given DuPont’s already strong balance sheet. Jim Cramer says the market reaction is wrong but presents a great opportunity for investors. “The market cannot understand Nvidia and DuPont at the same time,” Jim said. “The opportunity you have at home is extraordinary.” We plan to add to our position in DuPont once the portfolio is unconstrained, and upgrade the chemical maker to a buy-equivalent rating of 1. Bernstein initiated coverage of Ford Motor with a rating of 1. buy equivalent and a price target of $16 apiece, an increase of approximately 33% from the stock’s intraday level. Company analysts said the auto giant could reach the upper range of its adjusted EBIT guidance for fiscal 2024 and that Ford’s electric vehicle (EV) business – which has lost ‘money – could break even before the end of the decade. We welcome the bullish call, but maintain a 2 rating on F shares. (Jim Cramer’s Charitable Trust is long DD, F, NVDA. See here for a complete list of stocks.) As a CNBC Investing subscriber Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after a trade alert is sent before buying or selling a stock in his charity’s portfolio. If Jim talked about a stock on CNBC TV, he waits 72 hours after the trade alert is issued before executing the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, AS WELL AS OUR DISCLAIMER. NO OBLIGATION OR FIDUCIARY OBLIGATION EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO SPECIFIC RESULTS OR PROFITS ARE GUARANTEED.
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