Every weekday, the CNBC Investing Club with Jim Cramer will host a “Morning Meeting” live stream at 10:20 AM ET. Here’s a recap of Wednesday’s key moments. Crude Oil Remains Bullish Look for Downsides to Buy MS Watch for Cloud Stocks Pullback 1. US Oil Index Remains Crude Bullish Despite Sliding In Last 5 Days of Trading It dropped more than 6% to about $73.50 per barrel. However, the club is bullish on oil in 2023 and believes the commodity could boom. CTRA), Devon Energy (DVN), Halliburton (HAL) — look. 2. Look for a dip to underperform Morgan Stanley (MS) on Wednesday, where MS Wolfe Research has been downgraded twofold over him, citing macroeconomic headwinds and balance sheet concerns. However, MS expects him to perform better this year than in 2022 and continue to favor generous dividends. An investor who doesn’t own the stock should consider buying if the stock drops to $84-$85 per share for him. MS shares were up about 1.4% Wednesday morning to $86.93 a share. 3. Watch out for rebound in cloud stocks UBS on Tuesday lowered its rating on Microsoft (MSFT) from buy to neutral. Microsoft shares fell more than 4% in morning trading to $229.58 per share. The move could put additional pressure on other cloud companies facing slowing growth. (Jim Cramer’s Charitable Trusts are Long PXD, CRA, DVN, HAL, MS and MSFT. See full list of shares here.) As a member of Jim Cramer’s CNBC Investing Club, Jim Receive trade alerts ahead of time. he makes a deal. Jim waits 45 minutes after sending a trade alert before buying or selling shares in his charitable trust portfolio. If Jim talks about his stock on his CNBC TV, he will wait 72 hours after issuing a trade alert before executing the trade. The investment club information above is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duty or obligation exists or is created by your receipt of any information provided in connection with The Investment Club. No specific results or benefits are guaranteed.
