Every weekday, the CNBC Investing Club hosts a “Morning Meeting” live stream with Jim Cramer at 10:20 am ET. Here’s a recap of Thursday’s key moments. Semiconductor Strategy Judge Stocks Doing Homework 1. Stick to our semiconductor strategy Semiconductor stocks rose on Thursday on International Business Machines Corp.’s gains. (IBM) and Lam Research (LRCX), with the broader market also gaining. The S&P 500 was up 0.76% in morning trade. The club’s chip holdings — Advanced Micro Devices (AMD), Nvidia (NVDA), and Qualcomm (QCOM) — all surged. Regardless, we don’t regret our decision to trim our semiconductor holdings earlier this month. We decided to sell some stocks to reduce our exposure to new US export controls limiting chip sales to China and a broader semiconductor decline. However, we have not exited our positions entirely as the companies we hold are solid companies. “You keep something if something’s good, but you don’t push the bet after you’ve sold something,” Jim Cramer said Thursday. 2. Judge Stocks by Homework Another investment strategy that influences our decisions is to judge a stock by homework, not action. By this we mean that we don’t sell a stock just because it has fallen. We review earnings reports, we listen to earnings calls, we catch up on the news and more. Case in point: Club holding company Danaher (DHR) reported a hit to third-quarter sales and earnings on Thursday. But the stock fell nearly 2%. That may be because German competitor Sartorius said on Wednesday its business was slowing and inventories were high. Still, we don’t think Danaher stock should have fallen after a stellar quarter. Danaher said it hasn’t seen many duplicate orders and is working closely with customers to ensure they have the right stock levels. Additionally, it’s a high-margin business with strong long-term growth prospects, driven by increased investments in biologics and genomics. We remain bullish on the stock over the long term as the homework suggests the company will continue to do well. (Jim Cramer’s Charitable Trust is Long DHR, AMD, NVDA, QCOM. For a full list of stocks click here.) As a subscriber to 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 any stock in his charitable foundation’s portfolio. When Jim spoke about a stock on CNBC television, he waits 72 hours after the trade alert is issued before executing the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS GOVERNED BY OUR TERMS AND CONDITIONS AND PRIVACY POLICY ALONG WITH OUR DISCLAIMER. NO OBLIGATION OR OBLIGATION SHALL BE OR CREATED BY YOUR RECEIVING OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC RESULT OR PROFIT IS GUARANTEED.
Insights from our every day assembly: Semiconductors, Danaher’s win
