Each weekday, the CNBC Investing Club, led by Jim Cramer, hosts a live “Morning Meeting” at 10:20 a.m. ET. Below is a summary of the key highlights from Thursday’s session. 1. Markets experienced a sharp decline on Thursday, with the Dow Jones Industrial Average falling over 800 points as crude oil prices climbed again. U.S. oil briefly reached its highest price since June 2025, exceeding $79 per barrel, following Iran’s claim of striking an oil tanker with a missile. Earlier in the week, Iran had ordered the closure of the Strait of Hormuz on Monday and issued threats against vessels attempting passage through the vital shipping lane. Jim Cramer described the current climate as “a very volatile environment,” emphasizing that the broader market closely tracks oil’s movements. However, his advice for investors during periods of high instability remains consistent: “Just wait. Don’t panic,” he urged. In contrast, Broadcom shares rose by approximately 5% after delivering a strong quarterly performance and forecasting a promising future for its artificial intelligence chip division, alleviating investor worries. 2. Costco’s stock was down nearly 2.5% ahead of its earnings release scheduled for after market close. The wholesale retailer has demonstrated solid momentum in its same-store sales, as reflected in its monthly reports. Nevertheless, the Club is keen to see an improvement in Costco’s membership renewal rates, which have seen a decline over the past few quarters. Jeff Marks, the Club’s director of portfolio analysis, stated, “They just need it [the membership renewals] to stabilize,” explaining that the decrease is largely attributed to a surge in online sign-ups. Marks pointed out that this segment of members typically renews at a lower rate compared to those who sign up in-store. 3. Salesforce stock advanced almost 5.5%, potentially indicating a renewed interest in software sector investments. Many software companies have recently faced challenges due to investor concerns that artificial intelligence could disrupt the industry. Cramer affirmed, “Salesforce is a good company,” acknowledging that while the software giant’s primary businesses are under pressure, its Agentforce offering has become a significant player in AI. Jim added, “Right now, what people think about is Agentforce. They’re not thinking about the older business. And I get that,” viewing the situation as a “glass-half-full” scenario. 4. The stocks highlighted in Thursday’s rapid-fire segment at the conclusion of the video included: Berkshire Hathaway, Kroger, American Eagle, Okta, and Visa. (Jim Cramer’s Charitable Trust maintains positions in AVGO, COST, CRM. A comprehensive list of stocks can be found here.) As a valued subscriber to the CNBC Investing Club with Jim Cramer, you will receive advance notification via a trade alert before Jim executes any trades. Jim observes a 45-minute waiting period after sending a trade alert before purchasing or selling a stock within his charitable trust’s portfolio. If Jim has discussed a particular stock on CNBC, he extends this waiting period to 72 hours after issuing the trade alert before carrying out the trade. ALL INFORMATION PERTAINING TO THE INVESTING CLUB PROVIDED ABOVE IS GOVERNED BY OUR TERMS AND CONDITIONS AND PRIVACY POLICY , IN CONJUNCTION WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY IS ESTABLISHED OR IMPLIED BY YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. THE ACHIEVEMENT OF ANY SPECIFIC OUTCOME OR PROFIT IS NOT GUARANTEED.
The metric we care most about when Costco reports earnings Thursday