Every weekday, the CNBC Investment Club will host a live “Morning Meeting” with Jim Cramer at 10:20 a.m. ET. Here’s a look back at Thursday’s key moments. 1. U.S. stocks climbed on Thursday morning after three consecutive days of losses, with seven major stock markets outperforming others. The S&P 500 rose 0.7% and the Nasdaq rose more than 1%. “This initiative is real,” Jim Cramer said Thursday. Bond yields are largely stable – the 10-year Treasury note is hovering around 4.1% – as investors look ahead to the Labor Department’s monthly non-farm payrolls report on Friday. Elsewhere, oil prices tried to stabilize after West Texas Intermediate crude fell below $70 a barrel on Wednesday. 2. Amazon (AMZN) CEO Andy Jassy said in an interview with Jim Wednesday that he is optimistic about the company’s cloud business in 2024. He sees generative artificial intelligence as a major opportunity for Amazon Web Services. Like founder Jeff Bezos, Jassy is laser-focused on providing the best service to his customers, and when you add up all of Prime’s discounts and perks, it’s still an amazing Incredible deal. At the same time, Amazon’s consumables business is growing at an alarming rate due to the speed of delivery. Jim said Thursday that Jassy has proven that Amazon “can do more with less.” 3. Jim said Thursday he has reached out to Ford Chief Executive Jim Farley to learn about the automaker’s stellar hybrid sales and how he plans to capitalize on strong consumer demand. After concluding the discussion, he believed Ford’s stock price may have hit a bottom, with the stock falling below $10 on October 31, a 52-week low. “This is a very difficult stock to own, but I think this level will be the bottom,” Jim said. (Jim Cramer’s Charitable Trust is long AMZN, F. See here for a complete list of stocks.) As a subscriber to Jim Cramer’s CNBC Investing Club, You will receive trade alerts before Jim Cramer trades. Jim waits 45 minutes after sending a trade alert before buying or selling stocks in his charitable trust portfolio. If Jim talked about a stock on CNBC TV, he would wait 72 hours after issuing a trade alert before executing the trade. The investment club information above is subject to our Terms and Conditions and Privacy Policy and our Disclaimer. No fiduciary duty or obligation shall exist or arise upon your receipt of any information relating to the Investment Club. No specific results or profits are guaranteed.
