Jim Cramer’s CNBC Investment Club hosts a “Morning Meeting” livestream weekdays at 10:20 a.m. ET. A recap of Wednesday’s key moments. 1. Stocks were trying to shake off ongoing concerns that AI disruption could undermine traditional enterprise software companies. Some of the high multi-names that were hit hardest in recent sessions, such as club name Microsoft, were looking to rebound on Wednesday. Still, the broader market remains under pressure, with the S&P 500 and Nasdaq down 1% and 2%, respectively. Advanced Micro Devices stock was crushed, falling more than 16% despite the rally. The Street was clearly looking for stronger guidance as AMD stock has been on the rise recently. A notable gainer on Wednesday was club stock Eli Lilly. Shares rose nearly 10% after the pharmaceutical giant made significant price hikes and hikes. Lilly’s full earnings analysis will be released soon. 2. A shift away from technology was helping industry. Club stock Eaton bounced back and forth around the flatline early Wednesday before closing up nearly 1% after spending much of the pre-market session under pressure. The volatility followed the company’s mixed fourth quarter and weak outlook on Tuesday. We are focused on the 2027 spinoff of Eaton’s mobility business, which should be a catalyst for the stock. Dover, the name of a fellow industrial club, was another stock that benefited from Wednesday’s rotation, with its shares up nearly 3%. 3. Despite Baird’s upgrade from Neutral to Outperform Buy, GE Vernova stock fell 7.5% on Wednesday to approximately $722. Analysts also raised their price target to $923 from $701. On January 9, Baird downgraded the natural gas turbine maker’s stock to a neutral level of about $628, due to concerns about overcapacity. For now, analysts said the energy infrastructure cycle is still in its early stages and they are not worried about overcapacity in the short term. Last week, we upgraded GE Vernova’s rating to 1, the equivalent of a “buy,” after strong earnings. At that time, the Company reiterated its target price of $800 due to its confidence in the solid performance of the power and electrification business. 4. The stocks featured at the end of Wednesday’s video are Advanced Micro Devices, Chipotle, Uber, Amgen, and Five Below. (The Jim Cramer Charitable Trust is long MSFT, CRM, LLY, ETN, DOV, GEV. See here for a complete list of stocks.) As a subscriber to Jim Cramer’s CNBC Investment Club, you will receive trade alerts before Jim makes a trade. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in his charitable trust’s portfolio. If Jim talks about a stock on CNBC TV, he will issue a trade alert and then wait 72 hours before executing the trade. The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.
