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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 Wednesday’s key moments. 1. U.S. stocks ticked up in midmorning trading Wednesday, a day after the Dow Jones Industrial Average hit an all-time high and the S & P 500 closed higher for the eighth time in the past nine sessions. The Nasdaq Composite is outperforming Wednesday, up 0.3%, helped by news that U.S. consumer confidence rose more than expected in December. Meanwhile, bond yields pulled back, with that of the 10-year Treasury falling below 3.9%. And oil prices climbed roughly 1% on the back of global trade disruptions and geopolitical risk, with West Texas Intermediate crude trading around $74.60 a barrel. 2. Wells Fargo named Club holding Microsoft a top pick for next year, calling it a key beneficiary of growing IT budgets. The firm likes the software maker’s positioning in the cloud and around artificial intelligence. Jim Cramer said Wednesday that Microsoft stock is set to break out as a result of its AI endeavors. “When we see the Copilot numbers, it’s going to be extraordinary,” he said of the company’s recently launched AI assistant . Shares of Microsoft were up 0.37% Thursday morning, at roughly $374.60 apiece. 3. Mizuho raised its price target on Club holding DuPont de Nemours to $83 a share, up from $81, as part of a research note breaking down companies that specialize in electronic chemicals. That’s the right way to look at DuPont because electronics is its largest segment, comprising roughly 30% of the company’s sales. The big takeaway from the note is that the electronic chemical industry is in its early recovery and there are signs that this cycle will be stronger for longer. Mizuho also sees secular tailwinds in continued 5G adoption, RV penetration, chip miniaturization, and the electrification of almost everything. (Jim Cramer’s Charitable Trust is long MSFT, DD. 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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