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. Markets are higher on Wednesday, fighting off an ugly open following back-to-back days of gains for the S & P 500. Investors are anticipating President Donald Trump’s long-awaited reciprocal tariff announcement at 4 p.m. ET after the trading day closes. “There is some idea that maybe we’ve priced in the peak of the uncertainty, although we don’t know the long-term impacts the tariffs will have,” cautioned Jeff Marks, director of portfolio analysis for the Club. As we await more details on the tariffs, Jim Cramer said there is “nothing wrong” with investors simply sitting on their hands and avoiding what he called the “bias to action.” 2. Jeffries analysts released a positive note on Club name TJX Companies . Analysts said the off-price retailer behind the TJ Maxx chain is well positioned for growth in an environment filled with surplus inventory. Analysts said during a recent store visit, they observed lots of luxury goods up for grabs in both the men’s and women’s sections. Consumers are always looking for great prices, according to analysts, hence why TJX Companies shares can work. “When you’re looking at Macy’s closing so many stores, there’s really only one place that it goes, and it’s these guys,” Jim said of TJX, which also operates the Marshalls, HomeGoods and Sierra chains. The ongoing struggles of department stores such as Kohl’s has helped boost TJX’s market share. On March 11, we added to our position in the company, scooping up 50 shares around $116 apiece. 3. Costco , another Club retailer, also was the subject of encouraging analyst commentary over at TD Cowen. Analysts at the firm met with CFO Gary Millerchip. While still elevated, analysts argued Costco’s valuation makes for an attractive entry point for a top recession hedge idea. According to Cowen, some themes from the meeting include seeing more strength in the fresh category as consumers opt to cook at home. Another highlight was consistency in member behavior over the last six months despite consumer confidence being its lowest since 2022. 4 . Stocks covered in Wednesday’s rapid fire at the end of the video were: Tesla and Charles Schwab . (Jim Cramer’s Charitable Trust is long TJX, COST . 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.
