Market Data 
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. U.S. stocks were mixed on Wednesday, a session after the S & P 500 and Nasdaq Composite closed at record highs. Investors read over private payroll data released before the opening bell, which indicated some softening in the country’s labor market. This comes ahead of the important June jobs report on Friday. The U.S. stock markets will close early Wednesday — with both the Nasdaq and the New York Stock Exchange closing at 1 p.m. ET — and will remain closed on Thursday for Independence Day. Eli Lilly shares hit an all-time high Wednesday, one day after the Food and Drug Administration (FDA) approved the company’s Alzheimer’s drug donanemab. “It’s great news, but as expected,” said Jeff Marks, the Investing Club’s director of portfolio analysis, citing the positive FDA Advisory Committee Meeting in June. Jefferies analysts raised Lilly’s price target to $1,041 apiece from $1,015 on the news, implying a nearly 15% upside from Tuesday’s close. D.A. Davidson analysts touted Best Buy stock on Wednesday, listing artificial-intelligence-enabled PCs as a positive catalyst for the electronics retailer. The Club has said that these innovative laptops will be a boon for sales as customers look to upgrade to the latest models. Still, it’s great that more of the market is finally catching on. Shares are up nearly 1% on Wednesday. We added to our Best Buy position Tuesday on a pullback, and will buy more if shares come down further, given the company’s stellar growth prospects on a PC refresh cycle. (Jim Cramer’s Charitable Trust is long LLY, BBY. 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.
