We wish to purchase on market weak spot

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. We have no choice but to buy quick mentions: MRVL, LLY, NVDA, META 1. We have no choice but to buy stocks that plummeted on Thursday and are continuing their losing streak after falling on the back of another big one Rate hike and hawkish comments have overthrown the Federal Reserve. Despite the volatility, we believe there is a buying opportunity now for a number of reasons. Our tried and trusted S&P 500 Short Range Oscillator eventually showed the market to be oversold. In addition, the AAII Investor Sentiment Survey shows that over 60% of members are bearish, representing the highest level of negative sentiment since March 2009. Although it's usually wise to exit the market when sentiment is this negative, if you do now you'll regret it in a week, according to Jim Cramer. "As counterintuitive as that is, we've waited and waited and waited," he said. "Now we have to buy something." After the meeting Jim chose Microsoft (MSFT) and as a result we issued a trading alert on it. 2. Brief mentions: PG, MRVL, LLY, NVDA, META Here are some club names that are briefly mentioned: Jim said that Procter & Gamble (PG) is a buy right here. While utility costs appear to be coming down, the company doesn't seem to be making any big price cuts. Marvell (MRVL) is doing well -- but the market doesn't seem to care. However, we continue to believe in the stock. Check out CEO Matt Murphy's comments on the company's battered share price in Wednesday's Mad Money. UBS upgraded Eli Lilly (LLY) to buy on Thursday, arguing that the pharmaceutical company's type 2 diabetes drug Mounjaro could be "the greatest drug ever" if it also wins approval for obesity. We have long believed that this drug will change the game and we recommend investors buy LLY if they do not already own shares. We are reluctant to buy back Nvidia (NVDA) shares. While the company appears optimistic about the future of gaming, we still believe it will continue to disappoint on its earnings results, which means the stock will fall. At this point we will consider buying some stocks. We believe Meta (META) is a buy right here because WhatsApp's growth is accelerating, as illustrated by its recent deal with Salesforce (CRM). We're also optimistic about the Metaverse. (Jim Cramer's Charitable Trust is long MRVL, LLY, NVDA, META, CRM. For a full list of stocks click here.) As a subscriber to CNBC Investing Club with Jim Cramer, you'll receive a trade alert before Jim trades 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.