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. Wall Street started slow Wednesday, with notable weakness in pockets of tech. The stock market was still held back by the 10-year Treasury yield, which touched 4.7% before pulling back a bit. Quantum stocks were getting crushed after Nvidia CEO Jensen Huang said the computing technology was 15 to 30 years away from being useful. Huang’s comments came during an analyst Q & A on Tuesday afternoon, a day after his CES address . Jim Cramer on Wednesday cautioned about the froth coming out of quantum computing and other parts of the market. “People get very very excited and they lose a lot of money,” Jim explained, while urging Club members, “not to play this game. It’s too hard.” 2. Shares of GE Healthcare popped 4% on Wednesday after Jefferies upgraded the struggling Club stock to buy from hold. The analysts also increased their GEHC price target to $103 per share from $95, implying nearly 24% upside from Tuesday’s close. Jefferies mentioned the push-out of China stimulus as a catalyst, suggesting that orders could start to come in after the Chinese New Year. Jim believes that relief could mean a “thawing in the health-care space for our companies just at the time when we’ve all just given up.” Jefferies likes GEHC’s valuation after the stock pulled back in late September through the end of 2024. With Wednesday’s gains under its belt, GEHC has gained more than 10% this year. 3. Jim wants to buy more shares of Disney on more weakness. Shares of the entertainment giant pulled back about 2% on Wednesday to $110 each. There was a good call on the stock Tuesday from Redburn Atlantic, which upgraded Disney to buy from neutral. The analysts increased their Disney price target to $147 per share from $100. Redburn cited streaming profitability offsetting declines in Disney’s linear television business and a rebound in content performance. Jim’s comments Wednesday built on what he said Tuesday — Disney stock is ‘radically undervalued.” 4. Stocks covered in Wednesday’s rapid fire at the end of the video were: Advanced Micro Devices , VF Corp ., JM Smucker , Coca-Cola , and Lennar . (Jim Cramer’s Charitable Trust is long NVDA, GEHC, DIS. 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.
