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 on the rise Wednesday, bouncing back a bit from Tuesday’s sell-off in tech stocks. Investors are awaiting the latest interest rate decision and economic projections from the Federal Reserve on Wednesday afternoon. While central bankers are expected to hold rates steady, their views on where the U.S. economy is headed may be different than they were in December. “What the Fed actually does is going to be based on the data,” said Jeff Marks, director of portfolio analysis for the Club. There’s obviously a lot of unknown variables this year, Marks said, with tariffs being at the forefront along with worries about an economic slowdown. 2. We’ve added to our position in Goldman Sachs on Wednesday morning, going against a downgrade of the bank stock by analysts at Oppenheimer. The firm went to a hold-equivalent peer perform rating from outperform, citing concerns about the lack of a rebound in mergers-and-acquisition activity so far this year. Analysts said announced M & A is up only 2.4% year to date, and they’re worried that tariffs and trade uncertainty more generally is likely to cause a pause M & A. Marks said one of our issues with the downgrade is that it arrived with the stock trading down 18% form its February high, as of Tuesday’s close, which already reflects the slowdown in M & A. He also pointed out that not every business is going to be down for Goldman. Additionally, Jim Cramer believes the impending public debuts of Klarna and CoreWeave are good signs for the initial public offering landscape. Shares of Goldman were slightly higher Wednesday. 3. Bank of America is bullish on Club stock CrowdStrike. After meeting with CrowdStrike’s CFO, analysts said they came away more positive on the company’s post-IT outage outlook. On the cybersecurity company’s most recent earnings call, CEO George Kurtz said CrowdStrike expects growth to reaccelerate in the second half of the year as incentive packages that they offered customers following last July’s outage come to an end. Shares of CrowdStrike were up more than 3% Wednesday, to around $376 apiece, continuing its strong recovery. The Club picked up additional shares twice earlier this month as the stock was selling off hard. Marks said we’d probably trim the position out of discipline if the stock gets back to the $400 level. (Jim Cramer’s Charitable Trust is long GS, CRWD . 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.
