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. The S & P 500 rose 1.3% on Thursday. The broad market index was on a three-session winning streak, rising more than 5%. Technology stocks were strong Thursday following good quarterly numbers from semiconductor and software companies. The tech-heavy Nasdaq gained 1.8%. Wednesday’s gains were all about President Donald Trump saying he won’t fire Federal Reserve Chairman Jerome Powell and acknowledging tariffs on China will not remain at 145% and could come down substantially. China on Thursday, however, said there have been no talks with the U.S. on trade yet. Beijing said it also wants Trump to cancel “unilateral” tariffs. During the meeting, Jim Cramer said he viewed Thursday’s stock market rally as “encouraging behavior” in the face of what he called the “worst rhetoric I’ve seen yet” from China. Jim said the overall market moves Thursday reflect a “rally in the industrial portion of the market” on perhaps diminishing worries about a recession. Industrial company Dover reported a mixed quarter with an earnings beat and revenue miss. The company prudently trimmed its revenue and earnings guidance to reflect demand uncertainty due to tariffs. “RTX did something similar and then came roaring back, Jim said. Dover CEO Rich Tobin is on “Mad Money” on Thursday evening. Jim said Dover is a buy here. “It’s mistakenly priced down here,” he said. Dover has lots of cash to do either a stock buyback or acquisitions. Dover does like to make deals. Check your afternoon texts and emails for our full Dover earnings analysis. Stocks covered in Thursday’s rapid fire at the end of the video were Procter & Gamble , PepsiCo , Dow , Merck , and Chipotle . (Jim Cramer’s Charitable Trust is long DOV. 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.
