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 Thursday as U.S. oil prices climbed back above $100 a barrel. Optimism faded on an Iran peace deal after reports that Iran’s supreme leader would not allow the country’s enriched uranium to be shipped abroad . Treasury yields moved higher as investors worried that elevated energy prices could reignite inflation. Jim Cramer said, “Everything was looking real good, and then suddenly what happens? Oil goes up.” On Nvidia , Jim said he would view the stock’s modest post-earnings pullback as a buying opportunity, suggesting investors gradually start building a position if they do not already own the stock. 2. The biggest winner of Nvidia’s blockbuster earnings is Arm Holdings . The Club stock surged nearly 9% — extending their weekly rally to 35%. Thursday’s gains in Arm followed commentary from Nvidia’s earnings call, during which management highlighted strong demand for their new Arm-based Vera CPU. They are predicting roughly $20 billion in CPU-related revenue this year. That figure would make Nvidia one of the world’s largest CPU providers and benefit Arm through royalty payments. After Arm’s massive run — now up roughly 60% since we first bought shares — Jim suggested it may be time to “take some off.” We booked some profits in Arm on Monday, reflecting our discipline around trimming parabolic moves, even while remaining bullish on the long-term story. 3. FedEx was reinstated by Citi with a buy rating and $443 price target. Citi pointed to FedEx’s favorable setup as the shipping company focuses on market share gains, cost cuts, and improved profitability following its freight spinoff on June 1. Jim said he still sees meaningful upside, arguing FedEx is taking market share from rival United Parcel Service and could benefit from a higher valuation after spinning off its truck business. “I’d still buy right here,” Jim said. “This stock has got $500 written all over it.” That would be 30% upside from current prices. We started a FedEx position on Monday. 4. Stocks covered in Thursday’s rapid fire at the end of the video were: Walmart , Ralph Lauren , Deere , and Intuit . (Jim Cramer’s Charitable Trust is long NVDA, ARM, FDX. 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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