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. Wall Street is mixed on Thursday following a sharp pullback for stocks on Wednesday. The market’s decline on Wednesday was accelerated by comments from Federal Reserve Chair Jerome Powell, who tempered expectations of a near-term cut on interest rates. Powell is seeking clarity on tariff impacts before making adjustments, a decision that prompted President Donald Trump to lash out at Powell on social media . While investors usually like lower interest rates, Jim Cramer said it’s a mistake to push for them just yet. “The market should want price stability,” he said. On the latest tariff news, Trump said on Truth Social that he’s had productive communication with Mexico, Japan and Italy. 2. Club stock Eli Lilly jumped more than 14% on Thursday after the drugmaker picked up a big win for its oral GLP-1 orforglipron in a late-stage trial. The data contained in Lilly’s press release suggests the drug offers injection-like efficacy and safety, but through a daily pill, analysts said. CEO David Ricks expects the drug to get Food and Drug Administration approval for obesity in early 2026. “It’s great news,” said Jeff Marks, director of portfolio analysis for the Club, but we’ll need to also await tariff clarity impact on pharmaceuticals. 3. Taiwan Semiconductor Manufacturing Co . reported positive first quarter results and posted a second quarter revenue forecast that beat Wall Street estimates. The company, which makes chips for the likes of Club names Nvidia , Broadcom and Apple , said they have not noticed any changes in consumer behaviors and left its annual revenue forecast intact. TSMC also expects revenue from the AI accelerators to more than double in 2025, and it left its capital expenditures outlook unchanged. Jeff said the company’s numbers and commentary are a “good readthrough” for Nvidia. While TSMC shares were slightly positive Thursday, Nvidia’s stock fell for a second straight day. At our Monthly Meeting on Wednesday, Jim explained he decided to retire his “own it, don’t trade it” mantra on shares of Nvidia and Apple. 4. Stocks covered in Thursday’s rapid fire at the end of the video were: UnitedHealth Group , American Express , D.R. Horton , and CSX . (Jim Cramer’s Charitable Trust is long LLY, NVDA. 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.
