Jim Cramer’s CNBC Investment Club hosts a “Morning Meeting” livestream every weekday at 10:20 a.m. ET. A recap of Thursday’s key moments. 1. Stocks rose on Thursday as traders hoped for a rebound after the Federal Reserve signaled it could raise interest rates later this year, triggering Wednesday’s decline. Technology stocks led the recovery, with semiconductor stocks driving the overall market rally. The iShares Semiconductor ETF rose more than 6%. Jim praised new Federal Reserve Chairman Kevin Warsh for taking a more data-driven approach to monetary policy and warned against placing too much emphasis on long-term interest rate forecasts. “It’s all about the data,” Jim says. “Stop making decisions based on data you don’t have yet.” 2. Shares of the club that owns Intel soared 8% to an all-time high on Thursday after President Donald Trump announced that Apple would work with chipmakers to design and manufacture chips in the United States. Although Intel has not confirmed the deal, Jim said the development strengthens his confidence in the company’s turnaround. “This is my No. 1 name,” he said. “It’s not Nvidia anymore.” Jim remains bullish on Intel’s foundry business and the company’s growing role in providing CPUs for AI-powered data centers. He noted that big technology companies are increasingly exploring alternatives to producing chips overseas, creating a huge opportunity for Intel. 3. Club name Qnity rose 7% on Thursday, extending its share price gain to more than 100% this year. Jim said investors are increasingly recognizing the company’s role in helping improve the performance of the semiconductor industry through advanced materials technology. He argued that the company’s stock valuation could grow even further if more investors started viewing the company as a technology company rather than a traditional materials business. “You’ll find that if you bring it up to a technology analyst, you’ll get a completely different valuation,” Jim said. “That’s one of the reasons we’re hanging on.” Qnity CEO Jon Kemp appears on Thursday’s “Mad Money.” 4. The stocks mentioned in rapid succession Thursday at the end of the video were FedEx , FedEx Freight , Pfizer , Accenture , and Salesforce . (Jim Cramer’s charitable trusts are a long one: AAPL, INTC, NVDA, and Q. See here for a complete list of stocks.) As a subscriber to Jim Cramer’s CNBC Investment Club, you’ll receive trade alerts before Jim makes a trade. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in his charitable trust’s portfolio. If Jim talks about a stock on CNBC TV, he will issue a trade alert and then wait 72 hours before executing the trade. The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.
