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 to start the new year as Wall Street looks to extend its annual winning streak to three in 2025. The S & P 500 , tech-heavy Nasdaq and blue-chip Dow Jones Industrial Average were all solidly higher Thursday when the Morning Meeting was recorded. They have since lost some steam. “The only stock that is really down today is Tesla,” Jim Cramer said. Shares of the electric vehicle giant fell roughly 6% on the back of weaker-than-expected fourth-quarter delivery numbers. 2024 also marked the first year in Tesla’s history that its total deliveries declined on an annual basis. The benchmark 10-year Treasury yield declined slightly Thursday, to around 4.57%, though that’s off the lows of the session. “[Bond yields] are reacting to every piece of data. I think that’s because there’s a perception that the economy is actually accelerating, doing well,” Jim said. 2. We trimmed our Nvidia position earlier Thursday, our first sale of shares in the artificial intelligence chipmaker in exactly one year. It comes just a few days after we booked profits in Apple . The two tech giants are the only stocks that Jim has designated as “own it, don’t trade it” names. The rationale behind both trades was the same: While we like their fundamental outlooks, we didn’t want to be greedy after big gains. “I debated these sales very heavily. These are own, don’t trade stocks. Against that is what I learned in the 1980s, and I never forgot, is that discipline trumps conviction,” Jim said. “Discipline has hurt me sometimes, and has saved me many times,” he added. 3. JMP Securities downgraded Club name Alphabet to a hold-equivalent rating from outperform over concern that remedies in the Google Search antitrust case could “significantly impact” the unit’s financial performance. Analysts argued that expectations for Judge Amit Mehta’s final ruling on remedies by August could put a lid on Alphabet stock’s valuation this year. Antitrust worries are hardly new for Alphabet, and we remain mindful of them. However, Jim said the lengthy appeals process that is likely ahead makes it difficult to quantify the impact and therefore is “not a reason to take action” on the stock right now. In December, we booked profits in Alphabet when the stock popped on news of a quantum computing breakthrough, arguing it was too theoretical at present. 4. Stocks covered in Thursday’s rapid fire at the end of the video were: Cloudflare , Tesla, RTX , Lockheed Martin and Simon Property Group . (Jim Cramer’s Charitable Trust is long AAPL, NVDA and GOOGL. 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.
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.
