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. The S & P 500 was modestly lower Thursday, reversing some of the prior session’s gains. The Nasdaq, after hitting 20,000 for the first time Wednesday, also declined, but the tech-heavy index was off its lows off the morning. The Dow Jones Industrial Average was basically unchanged. Live at the New York Stock Exchange Thursday morning, Jim Cramer interviewed President-elect Donald Trump, who struck an enthusiastic tone on the future of business growth in the U.S., which should bode well for stocks. Jim’s takeaway from the entire exchange: “He is the most pro-business president I have ever seen.” 2. A pair of Club stocks report earnings after the bell Thursday. With custom chip designer Broadcom , we’ll be watching for management’s commentary on artificial intelligence-related sales, along with updates on its legacy semiconductor business recovery and the VMWare integration. Shares were down nearly 3% in Thursday’s session, and history suggests there could be more weakness when the earnings hit. Jim said investors should be prepared to act. “There are opportunistic people, including us, who have bought the stock on a very big [earnings] hit … and I want you to be ready to do the same thing,” Jim explained. The other company reporting Thursday is Costco , and all eyes will be on membership growth. “This is another one that usually falls on earnings because a lot of the good news is priced in because of those monthly sales [releases], but again, it’s been a buying opportunity every time. You can see the stock at an all-time high,” Director of Portfolio Analysis Jeff Marks said. 3. Alphabet -owned Google’s recent quantum computing breakthrough is shining a new, more positive light on Honeywell’s own initiatives in that space. Earlier this year, Bloomberg News reported that Honeywell was considering an initial public offering for its quantum computing business, Quantinium, as soon as next year. With the company facing activist pressure from Elliott, Jim suggested Honeywell should seize the opportunity to show off Quantinium. If management wants to get its stock price up, it “will move up the Quantinium [IPO timeline],” Jim said. “Put it right in the queue. Sell 20% of it right now. If they don’t do that, then again we recognize that they’re not savvy,” Jim said. 4. Stocks covered in Thursday’s rapid fire at the end of the video were: Adobe , Nucor , PepsiCo , Kenvue , and Otis Worldwide . (Jim Cramer’s Charitable Trust is long AVGO, COST, GOOGL, HON. 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.
