The Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.
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. The S & P 500 climbed Wednesday after a second round of weak jobs data pushed bond yields lower and gave the market hope for Federal Reserve interest rate cuts later this year. Private payroll data from ADP indicated that hiring in May slowed down more than expected.
"Ford should be bought and bought aggressively here," he said Wednesday. "If we didn't own so much , I would say we should buy some today." Alphabet announced Wednesday that Eli Lilly finance chief Anat Ashkenazi will become the Google-parent's new CFO at the end of July. Jim said Ashkenazi has been "key to strategy" and a "dynamite" leader for Eli Lilly where she managed the drugmaker's books since 2021.
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