Aniket PujariEvery 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. Wall Street was mixed Wednesday as a reversal of recently stronger defensives sent the Dow into the red and battered tech rallied to keep the Nasdaq in the green. The market was sharply higher across the board earlier in the session, with cooler-than-expected consumer inflation data the focus over new tariffs. The latest reading on wholesale inflation is out Thursday morning. Jim said during the Morning Meeting that strength coming back into the market appears to be happening at an even-keeled pace. “The way that you want to have a real rally is to keep things under control.” The S & P Oscillator was still flashing oversold — so, per our discipline we bought some more Texas Roadhouse on a further decline in shares. 2. Capital One received another upgrade — this time from Evercore ISI. It’s the second buy-equivalent rating call in as many days. “Remember, this is one that I insisted you buy,” Jim said. Despite general concern about the bank providing credit to more at-risk consumers, Jim likes its pending acquisition of Discover Financial . “They’re going to be generating a lot of cash from this big deal, ” said Jeff Marks, director of portfolio analysis for the Club. We’ve been buying more Capital One shares since initiating a position last week. 3 . Apple’s price target was lowered at Morgan Stanley to $252 per share from $275. Analysts, who kept their buy-equivalent rating, pointed to Club name Apple’s delayed rollout of an advanced Siri as one less reason why consumers would be interested in upgrading their iPhones. The delay resulted in Morgan Stanley reducing its estimates on shipments for calendar year 2025 and 2026 by 1% to 5%. Morgan Stanley also factored in $2 billion worth of higher product costs in 2025 due to Chinese tariffs. Revenue and earnings per share estimates were also lowered from 5% to 6% for Apple’s fiscal year 2026. 4. Stocks covered in Wednesday’s rapid fire at the end of the video were: PepsiCo , Verizon , and Crox . (Jim Cramer’s Charitable Trust is long TXRH, COF, AAPL. 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.
