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 Thursday as disappointing earnings from several major technology companies weighed on the market. Alphabet tumbled after missing revenue expectations , despite strong growth in Google Cloud. The core Search business fell short of estimates for a second straight quarter. Microsoft , initially higher, succumbed to the tech selloff despite delivering a strong quarter . Azure revenue growth accelerated. Jim Cramer praised Microsoft's ability to expand its AI business while maintaining financial discipline, particularly as Alphabet faced concerns about negative free cash flow. "Today is a day of opportunity," Jim said, arguing that investors are indiscriminately selling strong companies alongside weaker ones. "A lot of bad trading, a lot of trigger pulling for people who don't know what to do." After the bell, Amazon and Intel report earnings. 2. Shares of Eli Lilly surged to an all-time high Thursday after a strong beat-and-raise quarter, fueled by continued demand for its blockbuster obesity…
Cramer sees opportunity amid tech turmoil and predicts a holiday win for FedEx
In short
Alphabet dragged market sentiment down after missing Search revenue expectations for two straight quarters, even as Microsoft showed accelerating Azure expansion. Eli Lilly countered the downward trend by reaching an all-time high on robust demand for its diabetes and obesity portfolio. FedEx raised its full-year guidance despite near-term maintenance and labor pressures, positioning the logistics provider for an operational rebound.
Key points
- Jim Cramer believes the indiscriminate market pullback across major technology companies…: Jim Cramer believes the indiscriminate market pullback across major technology companies offers attractive entry points for disciplined long-term investors.
- FedEx expects streamlined domestic margins to fully recover by 2027 despite elevated four…: FedEx expects streamlined domestic margins to fully recover by 2027 despite elevated fourth-quarter transportation and aircraft maintenance expenses.
- Strong earnings performance and market share dominance in obesity drugs continue to insul…: Strong earnings performance and market share dominance in obesity drugs continue to insulate healthcare giants from broader macroeconomic tech selloffs.