Every weekday, the CNBC Investment Club will host a live “Morning Meeting” with Jim Cramer at 10:20 a.m. ET. Here’s a look back at Wednesday’s key moments. 1. U.S. stocks fell as investors awaited important inflation data and considered more quarterly earnings. January’s personal consumption expenditures price index, the Fed’s preferred inflation gauge, will be released on Thursday. The market is usually sensitive to monthly data. Shares of TJX Corp. hit a record high Wednesday on strong earnings. Management shared conservative but achievable guidance. Don’t sell stocks here, says Jim Cramer, adding that TJX is a strong performer in portfolios. Please check your email inbox and text messages later for our complete TJX earnings analysis. 2. Salesforce will report quarterly results after the close on Wednesday. Jim warned shareholders that the stock price could see a pullback after a series of price target increases on Wall Street. However, he said the risk of a short-lived dip after earnings is not a good enough reason to sell stocks ahead of the release. “Let’s not put a gun to our heads,” Jim said, citing the stock’s track record of trading lower around the news and then recovering. Salesforce shares were steady ahead of print — just a few dollars below their all-time high. 3. Eli Lilly and Company shares fell 1% on Wednesday, following a similar decline in the previous session. Investors continue to try to figure out what news from potential rivals of its diabetes and weight-loss drugs means. Viking Therapeutics jumped another 14% on Wednesday, a day after a positive update on its GLP-1 drug candidate sent shares soaring 120%. Jim reiterated that if the drug posed a real threat to Club Holdings’ products, Eli Lilly’s stock would take a bigger hit. Eli Lilly goes further than Viking on GLP-1. (Jim Cramer’s Charitable Trust is long CRM, LLY, TJX. See here for a complete list of stocks.) As a subscriber to Jim Cramer’s CNBC Investing Club , you will receive trade alerts before Jim Cramer trades. Jim waits 45 minutes after sending a trade alert before buying or selling stocks in his charitable trust portfolio. If Jim talked about a stock on CNBC TV, he would wait 72 hours after issuing a trade alert before executing the trade. The investment club information above is subject to our Terms and Conditions and Privacy Policy and our Disclaimer. No fiduciary duty or obligation shall exist or arise upon your receipt of any information relating to the Investment Club. No specific results or profits are guaranteed.
