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. Stocks are down on Thursday, following a volatile session that saw a sell-off in software stocks. Big Tech is broadly lower, with Alphabet down 4.3% and Amazon , which reports after the close on Thursday, down 4.8%. That’s pulling the tech-heavy Nasdaq 1.4% lower and dragging the S & P 500 down 1%. Jim Cramer called this week’s volatility a “clearing event,” with heavy selling that could continue. He advised against nibbling on most tech stocks today, as you might see similar selling in Friday’s session. While the market is seeing weakness across momentum and high-multiple names, there is strength in value areas such as industrials and materials. That’s why we have a diversified portfolio spanning market sectors to offset the downside risk we’ve seen over the past couple of weeks. 2. “I just want to buy so badly,” Jim said of Alphabet stock, which is down nearly 5% despite reporting stronger-than-expected fourth-quarter earnings Wednesday evening. There was a lot to like, including impressive growth in its cloud and Search units, with its significant investments in AI providing a tailwind. Investors may be concerned about the company’s much larger-than-expected 2026 capex guidance and whether the return on investment is worth it. Some may also be taking profits after the stock’s 65% gain in 2025. We started a small Alphabet position in late December, but are ready add to it — perhaps next week when we are no longer restricted from buying more shares. 3. Jim spotted another buying opportunity in Eli Lilly , down nearly 7%. Shares of the pharmaceutical company dropped after telehealth company Hims & Hers announced it will launch a generic version of Novo Nordisk ‘s new Wegovy weight-loss pill for $49 a month, $100 cheaper than Wegovy’s price tag. Jim wasn’t fazed. “You do want to own” Eli Lilly after it reported a great quarter on Wednesday. He reminded investors that the company will be coming out with its own weight-loss pill, orforglipron, which the company expects to launch in the second quarter in the U.S. and internationally in 2027. 4. Stocks covered in Thursday’s rapid fire at the end of the video were: Arm Holdings , Qualcomm , and Ralph Lauren . (Jim Cramer’s Charitable Trust is long GOOGL, AMZN, LLY. 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.
