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. The S & P 500 edged higher on Wednesday, reversing course after being down earlier in the session. The broader market was under pressure from tech weakness, notably Microsoft , which fell 2% after The Information reported that it had lowered its AI software sales quotas. A Microsoft spokesperson told CNBC the company has not lowered sales quotas or targets for its salespeople. Investors shook off signs of a U.S. labor market slowdown after November ADP data showed private companies cut more jobs than expected. “The market is taking its cue from interest rates, not necessarily from tech,” Jim Cramer said. 2. Amazon shares declined, which Jim said presents a buying opportunity for new investors. The tech company announced new custom chips and a cozier relationship with fellow Club name Nvidia at AWS’s annual cloud computing conference in Las Vegas. “I was prepared to think that these tools didn’t matter. I was prepared to think that maybe they’re falling behind because they’re not doing enough in video,” Jim said. “I’m scrapping that whole thesis.” 3. Club holding CrowdStrike is down nearly 2% despite posting a beat-and-raise quarter Tuesday evening. “I am saying again, you’re getting an opportunity to buy,” Jim said. The Club reiterated its buy-equivalent 1 rating on CrowdStrike stock and raised its price target to $550 per share from $520. CrowdStrike CEO George Kurtz will be on “Mad Money” on Wednesday. 4 . Stocks covered in Wednesday’s rapid fire at the end of the video were: Marvell Technology , Macy’s , Dollar Tree , American Eagle Outfitters , and Okta . (Jim Cramer’s Charitable Trust is long MSFT, CRWD, AMZN, NVDA. 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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