Every weekday, CNBC Investing Club hosts a “Morning Meeting” livestream with Jim Cramer at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. The S&P 500 starts the new month. Meanwhile, the Nasdaq is still under pressure as investors took profits on semiconductor stocks – a group that posted record-breaking rallies in the first half of the year – including Micron, Sandisk, Nvidia and Broadcom. In Jim Cramer’s Top 10 this morning, he said to “expect profit-taking on the winners.” One hyperscaler Jim is very excited about is Meta, which is building a new cloud business to sell excess computing power, according to Bloomberg. 2. We exited our position in Nike this morning following another weak quarterly report on Tuesday evening. “We lost money,” Jim said, referring to the 40 percent loss that resulted from the sale. “I believed passionately that Nike could return,” he added. Jim was confident that the combination of CEO Elliott Hill’s leadership and insider buying from both Hill and outgoing Apple CEO Tim Cook would help the stock as the company embarks on a difficult turnaround that has proven slower than expected. Unfortunately, that didn’t go according to plan. While the stock may be at its lowest point, Jim prefers to cut his losses and invest the money in another company, such as FedEx Freight, where he expects greater profits and a better bottom line. 3. Shares of Salesforce rose over 5% after Guggenheim analysts upgraded the stock to “buy” with a price target of $228. The company says artificial intelligence will certainly put pressure on Salesforce, but it won’t destroy the company. The club previously expressed a similar opinion. However, Jim said, “The rest of the business is not showing any growth.” We are encouraged by Guggenheim’s call, especially given their traditionally bearish views on Salesforce. But that doesn’t mean we would allocate more capital to the stock. “When you look at a stock like this, you have to say two things: One, should I sell it? But two, if I had fresh money, would I buy it?” Jim said. “I’d rather buy Micron than Salesforce.” 4. The stocks covered in rapid fire at the end of the video on Wednesday were Micron, Constellation Brands, General Mills, Lockheed Martin and Bloom Energy. (Jim Cramer’s Charitable Trust consists of CRM, META, FDXF, NVDA and AVGO. A complete list of stocks can be found here.) As a subscriber to CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade before he buys or sells a stock in his charitable trust’s portfolio. If Jim has discussed a stock on CNBC television, he waits 72 hours after the trade alert is issued before executing the trade OUR DISCLAIMER: THERE ARE NO FIDUCIARY DUTY OR OBLIGATION IN RECEIVING YOUR INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB.
https://www.cnbc.com/2026/07/01/cramer-shares-next-steps-for-a-software-stock-after-a-rare-bullish-call-.html
