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 were up at the open Thursday but then reversed course after President Donald Trump said his proposed tariffs on Canada and Mexico will go into effect on March 4, plus an additional 10% tariff on China, bumping its new rate to 20%. We’ve raised a large amount of cash by selling stocks with tariff exposure, including Best Buy , Constellation Brands and Stanley Black & Decker to de-risk our portfolio. “It’s a new market,” Jim Cramer said Thursday, mentioning we have to take tariffs into when looking some consumer-facing companies. The yield on the 10-year Treasury crept higher, but is still below 4.3%. 2. Trump tariffs are also an overhang for Nvidia . Shares of the chipmaker are down 3.5% following Wednesday’s better-than-expected quarterly earnings report . China is Nvidia’s second largest market outside of the U.S., so there are concerns that increased tariffs and export controls could impact the company’s overall growth. Jim explained the stock’s move has nothing to do with its fundamentals, but with the President’s trade policy. He recommends to hold, not sell. Meanwhile, Salesforce didn’t deliver a great quarter . It had a slight revenue miss and offered light full year guidance. A bright spot was sales in its generative AI-powered Agentforce,which reported more than 3,000 paying customers. Jim said he likes the stock. “It’s the best it’s been in a long time,” he said. But Jim said he would hold off buying until it goes under $290 per share. The stock was down 1.2% Wednesday, at roughly $298. 3. Jim said he would sell some shares of coffee giant Starbucks if we weren’t restricted. The stock made a 52-week high Thursday, up 1.8% yo $115 per share. There isn’t a specific reason why the stock is up, but it’s clear new CEO Brian Niccol has been making steady progress in turning the company’s weaknesses into strengths, and that has been helping the stock go higher. Jim said he would sell 50 or 100 shares. Starbucks shares have been on a tear to start 2025, up 26%. As a general rule, it’s prudent to lock in some of our big gains with a small sale when we are not restricted from trading it. We sold 100 shares of Starbucks into strength on Feb. 10. We have a hold-equivalent rating of a 2 on the stock. 4. Stocks covered in Thursday’s rapid fire at the end of the video were: Snowflake , Warner Bros , Constellation Brands , and JM Smucker . (Jim Cramer’s Charitable Trust is long NVDA, CRM, SBUX. 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.
