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 fell on Thursday as higher oil prices and bond yields pressured the market. West Texas Intermediate crude jumped after the Trump administration talked about stepping up economic measures against Iran. The yields on the 10-year and 30-year Treasurys wiped out most of Wednesday’s declines after the Treasury announced a big increase in bond repurchases. “We have oil and rates higher. That’s complicating the picture,” Club portfolio director Jeff Marks said during our Morning Meeting. The nearly 10% drop in Walmart stock following the retailer’s lackluster earnings report also weighed on the S & P 500 . “That has the market worried about the health of the consumer,” Jeff added. 2. Micron gained over 2% amid broader strength in the memory sector. Investors liked that Samsung, one of the world’s biggest memory manufacturers, is reportedly set to announce a shareholder return policy worth over $72 billion. This follows SK Hynix ‘s plans to buy back $29 billion of stock. All three are flush with cash on the back of the AI-driven chip supercycle. Let’s hope Micron is next. Jim’s interview with CEO Sanjay Mehrotra from Micron’s new research center site in Boise, Idaho, airs later on “Mad Money.” 3. CrowdStrike lost over 4% on news that CTO Elia Zaitsev is leaving the company to launch an AI-focused venture fund. Don’t worry about the selling. “I think that’s a lot of noise,” Jeff said. Shares of our other cybersecurity holding, Palo Alto Networks , dropped more than 2%. Keep in mind, both stocks have had nice rallies this summer. We booked some big profits on each earlier this month. CrowdStrike releases earnings next week. Palo Alto’s quarterly results are out on Sept. 1. We expect solid prints from both. “The stories here are so strong, especially as enterprises worry about growing cybersecurity risks from a lot of these newer models,” Jeff said. (Jim Cramer’s Charitable Trust is long AVGO, CRWD, PANW, MU, GOOGL. 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.
Why our cyber stocks are dropping and our favorite memory play is rallying
