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. The Dow was modestly higher Wednesday, pacing to break its first nine-session losing streak since 1978. The S & P 500 and the Nasdaq were also in the green, ahead of the Federal Reserve’s expected interest rate cut in the afternoon. While the overall economy is tracking strongly, Jim Cramer said, “Sometimes the aggregate numbers lie. In the sense that, we know headwinds for our companies that have cyclicality are massive.” He added, “The headwinds don’t extend to the Mag 7. The headwinds don’t extend to the build-out in the data center.” Evercore ISI set a positive tactical trade on TJX stock ahead of the off-price retailer’s earnings report in February. Club name TJX owns T.J. Maxx, Marshalls, and Home Goods. “HomeGoods is kind of secret weapon,” Jim said. Evercore also put a catalyst call on Club stock Best Buy ahead of January’s big consumer electronics show in Las Vegas. In a separate note, Loop analysts reiterated their buy rating on Best Buy and their $100-per-share price target. They noted that the electronics retailer’s prices are highly competitive with Club holding Amazon . Morgan Stanley named Disney a top pick, citing streaming profitability and the movie business coming back. The analysts said the company’s operating income guidance for its experiences unit is not fully priced into shares yet. Jim cited the steady hand of new CFO Hugh Johnston for taking the mystery out of Disney’s financials. He said that Disney is getting back to what it does best. “We want Disney as family fun,” he added, and that’s what it is delivering. Stocks covered in Wednesday’s rapid fire at the end of the video were General Mills , Dow Inc. , Ollie’s Bargain Outlet , MSCI , and Visa . (Jim Cramer’s Charitable Trust is long TJX, BBY, AMZN, DIS. 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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