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. U.S. stocks fell and bond yields climbed Thursday following another hotter-than-expected inflation report. This time it was February’s producer price index, which came two days after a hotter print on consumer prices. Investors should not buy at these levels because the stock market is overbought, Jim Cramer said. “I’m very, very concerned,” he added. Jim also said the Federal Reserve has no business cutting interest rates any time soon based on recent upticks in inflation and stronger economic data. He said investors should be happy the Fed is still on pause and not hiking rates. Club name Meta Platforms could be a beneficiary of TikTok’s woes. The House approved a bill on Wednesday, requiring the social media platform’s Chinese owner ByteDance to sell it or face a U.S. ban. The fate of the measure in the Senate remained uncertain. If TikTok were out of the picture in the U.S., there would be less competition for the Facebook parent, which competes in short-form video with its Reels feature. Former Treasury Secretary Steven Mnuchin told CNBC on Thursday he’s looking to assemble a group of investors to purchase TikTok. Microsoft unveiled pricing options for its upcoming Copilot for Security, a generative artificial intelligence chatbot for cybersecurity. “We’re very thankful that Microsoft’s offering a $4 per hour option on their Copilot for Security,” Jim said. “I think Microsoft’s doing everything right.” While Microsoft integrating AI into cybersecurity products is great, Jim said Palo Alto Networks still has superior offerings. Both Palo Alto and Microsoft are Club stocks. (Jim Cramer’s Charitable Trust is long META, MSFT, PANW. 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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