We’re on Fed watch and tracking a parabolic move higher in one of our struggling stocks
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by 0 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. U.S. stocks were mixed Wednesday ahead of the Federal Reserve’s interest rate decision in the afternoon. The S & P 500 and Nasdaq slipped, while the Dow ticked slightly higher. “We may hear that rate cuts are not as visible,” Jim Cramer said. “[But] the fact that we don’t have rate cuts yet doesn’t mean that the Fed is against us. Those who think that are short-sighted.” Wall Street is also still digesting market volatility from DeepSeek’s emergence . Portfolio stocks Nvidia and Broadcom have been most impacted by the rout. They were dropping again Wednesday after bouncing in the prior session. On Monday, Nvidia lost nearly 17% and Broadcom fell 17.4%. 2. Wall Street showed Nextracker some love following a stellar earnings report Tuesday evening. Shares were soaring more than 20% on Wednesday, trading near $50 each at session highs. Barclays and Jefferies upgraded the solar stock to buy from hold after management raised the company’s full-year profitability outlook. Analysts at Barclays described Nextracker as having “flawless execution” this quarter. Nevertheless, we kept our Club hold-equivalent 2 rating on the stock. It’s not our style to chase a parabolic move like this. We also maintained our $55-per-share price target. 3. Oppenheimer downgraded Apple to a hold-equivalent rating from buy — one day before the company’s quarterly earnings release due out Thursday evening. Analysts cited stronger smartphone competition in China and a lack of compelling Apple Intelligence and generative artificial intelligence applications to cause an iPhone upgrade cycle. We’re not surprised by the call, especially given the stock’s big rally this week. Like Wall Street, Jim is also expecting a lackluster quarter from Apple. Still, he maintained his “own, don’t trade” thesis on shares. 4. Stocks covered in Wednesday’s rapid fire at the end of the video were: T-Mobile, Alibaba , ASML , Brinker, and Otis. (Jim Cramer’s Charitable Trust is long AAPL, NVDA, AVGO, NXT. 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.
