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 was little changed Thursday morning as Wall Street awaits Friday’s key jobs report. “It’s a benign day ahead of tomorrow’s number,” Jim Cramer said. “Tomorrow is just a huge day.” When May’s nonfarm payrolls figures are released, investors will look for signs of a weakening labor market, which could move the Federal Reserve a step closer to lowering interest rates. The Justice Department and the Federal Trade Commission are reportedly opening antitrust investigations into Club holdings Nvidia and Microsoft , along with start-up company OpenAI. The FTC will take the lead on Microsoft and its AI partner OpenAI, while the DOJ is focused on Nvidia. Jim was extremely skeptical of the regulatory inquiries, calling the Justice Department’s probe “ridiculous.” “The Nvidia so-called monopoly is because they have the fire power,” Jim said. “They’re willing to help anybody.” The news comes a day after Nvidia hit another record high and surpassed Apple’s $3 trillion market cap to briefly become the second most-valuable public U.S. company, behind Microsoft. Jim said Danaher is a buy after a biotech stock received praise from Wall Street. Goldman Sachs initiated coverage on Charles River shares with a buy rating and price target of $290 apiece, a 34% upside from Wednesday’s close. Analysts at the firm say the contract research industry in biotech — services which Danaher offers — is undervalued. If true, that means more upside for our portfolio name. “I’m going to suggest you buy Danaher today even though it’s been red hot,” Jim said of the stock that’s jumped more than 15% this year. (Jim Cramer’s Charitable Trust is long NVDA, MSFT, DHR, AAPL. 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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