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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. Stocks rose Thursday, with the S & P 500 and Nasdaq hitting fresh all-time highs on the back of strong earnings from a pair of tech giants Wednesday evening. Adding to the optimism, U.S. Treasury Secretary Scott Bessent said Thursday the U.S. has “the makings of a deal” with China. In addition, the U.S. struck a trade agreement with South Korea, imposing a blanket 15% tariff on its imports into the U.S. Meanwhile, shares of Bristol Myers Squibb are down more than 4% despite delivering a beat-and-raise quarter Thursday morning. The drugmaker isn’t getting credit for its strong results because investors are focused on the impending outcome of a trial examining schizophrenia drug Cobenfy’s ability to treat Alzheimer’s psychosis. Until then, we’re not buyers on this weakness. 2. Both Microsoft and Meta Platforms reported terrific results Wednesday evening. Microsoft saw robust growth in its Azure cloud business, pushing shares up more than 4% Thursday and lifting its market cap above $4 trillion. Meta reported powerful AI-driven momentum, which unlocked growth in both engagement and advertising, sending the stock up roughly 12% Thursday. CEO Mark Zuckerberg also laid out his vision for developing “superintelligence,” or AI that surpasses human intelligence, to empower individuals in their everyday lives. Zuckerberg “wants to win so he’s paying big money [for AI talent] … I think it’s wise because he’s building a brain trust that is trying to think of things that we never thought of,” Jim Cramer said. Both tech stalwarts are continuing to invest billions upon billions in AI throughout the rest of the year, adding more fuel the broader AI trade. 3. Looking ahead, there’s another big night of earnings with Apple and Amazon both reporting after Thursday’s close. “This is not the quarter that I want to own Apple,” given the uncertainty around the company’s tariff exposure and fear that its lucrative services revenue stream may continue to moderate, Jim said. However, we’re just holding the stock for now. Earlier Thursday, we published a closer look at what Apple needs to do to return to Wall Street’s good graces. For Amazon, the company’s advertising and cloud businesses are likely to be strong based on the strong quarters from Microsoft and Meta. “The real swing factor is going to be e-commerce sales and how they perform there,” Director of Portfolio Analysis Jeff Marks said. 4. Stocks covered in Thursday’s rapid fire at the end of the video were: Robinhood , Ford , Ebay , Arm Holdings , and CVS . (Jim Cramer’s Charitable Trust is long BMY, MSFT, META, AAPL, AMZN. 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.
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