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 fell Thursday as oil prices continued higher. Brent international crude briefly touched $119 per barrel after Iran attacked a key LNG facility in Qatar. Tehran said it was in retaliation for an Israeli strike on one of its energy centers. For the first time since last May, the S & P 500 slipped below its 200-day moving average, a technical level that many long-term investors look to for support. Jim Cramer did welcome a pullback in other commodities, including aluminum and steel, because rising raw material prices can fuel inflation. If inflationary problems reignite, that may make it tough for the Federal Reserve to cut interest rates even when President Donald Trump ‘s pick for central bank chairman succeeds Jerome Powell. 2. Eli Lilly said Thursday that a Phase 3 study of retatrutide in type 2 diabetes offered superior weight loss versus Mounjaro, also for type 2 diabetes, with no plateau through 40 weeks. Lilly shares were not moving on the news, most likely because this once-a-week injection is not expected to be as big of an opportunity as the company’s new GLP-1 pill, which is expected to be approved by the FDA in early next month. Health-care stocks, normally sought out as defensive plays in times of turmoil, have struggled. We have been using that weakness to build our Cardinal Health position. 3. Jim reiterated his “own, don’t trade” stance on AI chip leader Nvidia as shares on Thursday were declining for the third straight session. He believes the stock can go higher if flash memory product supplier Sandisk “crosses over to the positive.” While down more than 1% on Thursday, Sandisk has had an incredible run, gaining more than 1,200% over the past 12 months. If Sandisk’s momentum improves, it would signal healthier spending on data center buildouts, which Jim said could support the broader AI ecosystem that Nvidia dominates. 4. Stocks covered in Thursday’s rapid fire at the end of the video were: Five Below , Nucor , Darden Restaurants , Align Technology , and Uber . (Jim Cramer’s Charitable Trust is long LLY, CAH, NVDA. 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.
