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. U.S. stocks are lower Thursday — returning Wednesday’s gains and then some as investor confidence remains shaken over President Donald Trump’s tariff measures. Commerce Secretary Howard Lutnick told CNBC on Thursday morning that more exemptions are likely beyond automakers. A short time later , Trump said he paused Mexico tariffs until April 2 on goods and services covered by the United States-Mexico-Canada Agreement. Markets are also concerned about the economy, including layoffs and consumer spending. Jim Cramer, however, is not, standing firm in going “against the grain” during the current market sell-off. The S & P 500 Oscillator continued to indicate an oversold market, leading us to buy more shares of Dover and open a new position in Capital One . 2. AI stocks are getting beat down Thursday — and not just because of Marvell Tech . The chipmaker sank more than 18% after a better-than-expected quarter but underwhelming guidance. Adding to the tech selling, the Financial Times wrote that Microsoft withdrew some CoreWeave services ahead of the latter’s initial public officering. CoreWeave said the FT report is not true. “When you think about a data center and you think about how Nvidia gets its chips into companies, it’s CoreWeave,” Jim said. 3. Broadcom , also a Club name, is set to report earnings after Thursday’s closing bell. We will focus on its custom AI chip business, which has Alphabet , Meta Platforms , and TikTok-owner ByteDance as its largest customers. Broadcom also has a wireless smartphone relationship with Apple . We expect Broadcom’s software division to remain stable. Costco is also out with earnings Thursday evening. We already know that the Club holding’s sales are strong since it reports them monthly. Jim is bullish on just a few retailers. “You can own Costco. You can own Walmart . You can own TJX,” he said. TJX is also a Club stock. Costco gross margins will be an important factor as it navigates the Trump tariffs and tries to keep prices low. 4. Stocks covered in Thursday’s rapid fire at the end of the video were: Macy’s , Gap , and Cracker Barrel . (Jim Cramer’s Charitable Trust is long COST, AVGO, DOV, MSFT, COF. 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.
