Every weekday the CNBC Investing Club with Jim Cramer hosts the “Morning Meeting” at 10:20 am ET. Here’s a rundown of Thursday’s highlights. 1. Stocks have Thursday, which is the last trading day of the week because the markets are closed on Friday for New Friday. Stocks fell sharply at the open after President Donald Trump’s hawkish speech on the Iran war stoked escalation concerns and sent oil prices surging. But after the Morning Conference ended, Iranian state media said that Iran is working with Oman on a protocol for ships passing through the Strait of Hormuz, which has relieved some of the pressure on oil prices and helped stocks to fall well. The S&P 500 even briefly traded higher on the day. Jim Cramer said he is keeping an open mind in this confusing and confusing market. “When our stocks go down badly, my attitude is to want to buy them because I like what we have,” he said. Director of Portfolio Analysis Jeff Marks added, “[We’re looking at stocks we like for the long term, and when they come in, we’ll nibble.” For now, though, the market has to get more oversold to make an opportunistic trade. Some of our stocks bucking Thursday’s down market include Corning , Linde and Costco . 2. Amazon is in negotiations to acquire satellite company Globalstar , the Financial Times reported. A deal with Globalstar would advance Amazon’s nascent internet-from-space service called Leo. Amazon has launched about 200 satellites in low Earth orbit since last April , competing with SpaceX’s Starlink , which has a major lead with more than 10,000 satellites in orbit and over 10 million users . Back in 2024, iPhone maker Apple took a 20% stake in Globalstar to fund the expansion of iPhone satellite services. While some have questioned Amazon’s spending on Leo, Jim said he has been told by Amazon CEO Andy Jassy that it’s “mission critical to have a satellite network.” We see this potential expansion as an incremental positive to the Amazon flywheel by boosting rural internet access, which would make its Prime membership more attractive. 3. Bloomberg published a big profile on Microsoft CFO Amy Mood on Wednesday about decisions the company has made that have led the company to fall behind in the AI race. “They got more disciplined on AI spending maybe at the wrong time,” Marks said. That controversial decision “didn’t pay off,” he added, as its competitors pushed ahead on AI-related spend, and now Microsoft is racing to get more capacity online to relieve their compute supply crunch. Microsoft has been a tough stock to own lately, having fallen 23% year to date. But we have confidence that management will be able to figure it out. We maintain our hold-equivalent 2-rating and our $600 price target on the stock. 4. Stocks covered in Thursday’s rapid fire at the end of the video were: Brinker , Texas Roadhouse , and Constellation Brands . (Jim Cramer’s Charitable Trust is long GLW, CAH, COST, LIN, AMZN, MSFT. 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.
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