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. The market was modestly higher Wednesday as confusion lingered around the status of President Donald Trump ‘s newly implemented Canada and Mexico tariffs. Commerce Secretary Howard Lutnik said Tuesday night there might be an opportunity for compromise. He then appeared to walk back those comments before signaling Wednesday morning there may be room yet to meet ” somewhere in the middle .” During the Morning Meeting, Jim Cramer said the market is “making a lot of mistakes right now” due to panic and fear. Patience was key this week as the S & P 500 Short Range Oscillator finally flashed oversold, which is our signal to look for things to buy. 2. We bought Wednesday’s decline in CrowdStrike — adding back 25 shares that we sold higher in January. The cybersecurity company had a strong quarter with beats on revenue and earnings. New annual recurring revenue also beat. However, the stock was dropping 9% on guidance that failed to deliver against lofty Wall Street expectations. “They’re still dealing with a little bit of overhang from the July 19 outage, but that’s ending,” said Jeff Marks. We expect that investor appetite for the stock will return. 3. Jim still sees an incredible opportunity in BlackRock , which the Club bought more of Tuesday. “People should be buying it aggressively,” he said. The giant asset manager has become part of a deal to acquire the Panama Canal ports. Home Depot was also one we bought Tuesday. And, with mortgage rates lower, leading to an uptick in housing activity, Jim said, “If you don’t own it. you must buy it.” The average 30-year fixed-rate mortgage is around 6.73%. That rate needs to get below 6.5% before we see a real shift in the housing market that we’re expecting to materialize. 4. Stocks covered in Wednesday’s rapid fire at the end of the video were: Footlocker , Kenvue , Abercrombie & Fitch , Carrier , and Campbell’s . (Jim Cramer’s Charitable Trust owns positions in CRWD, BLK, HD. 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.
