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 Wednesday’s key moments. 1. The S & P 500 was fairly flat Wednesday as buyers equipped for the Federal Reserve’s afternoon rate of interest choice. “I do think the Fed is going to play ball,” Jim Cramer stated. 1 / 4-point price minimize is broadly anticipated. Aside from the Fed, “I want to talk about the fact that no matter what happens, the Magnificent Seven had a furious rally even as long rates went up,” Jim stated. “So, be aware, opportunity beckons” as charges come down. Jim can have extra commentary throughout our Monthly Meeting livestream on Thursday at midday ET. 2. In another positive signal for Home Depot, mortgage charges sharply declined to their lowest ranges since 2022. As of Tuesday, the common 30-year mounted price fell to six.13%. Refinance demand surged 60% final week amid a drop in house mortgage prices. Club title Home Depot has constantly been one in all Jim’s favourite firms in a lower-rate surroundings. Mortgage charges beneath 6.5% have traditionally boosted the housing market, which ought to translate into extra house enchancment gross sales. “By the way, retail does better,” in a decrease price surroundings, too, Jim stated, pointing to firms like Walmart and Club title Costco . 3. Nvidia shares dropped 3% on Wednesday, following a Financial Times report that China banned its greatest firms, together with TikTok-parent ByteDance and Alibaba , from shopping for RTX Pro 6000D chips. These Nvidia chips had been made for the Chinese market. Nvidia CEO Jensen Huang stated he is dissatisfied by China’s choice. “This is basically a full stop for Nvidia in China,” stated Jim, who additionally referenced the scenario as a “political football” because the U.S. and China attempt to attain a commerce deal. Nvidia not too long ago agreed to present the U.S. authorities a 15% minimize of its H20 China-specific chip gross sales in change for export U.S. licenses. 4. Stocks coated in Wednesday’s fast fireplace on the finish of the video had been: FedEX Corp , Netflix , General Mills , Workday , and Lyft . (Jim Cramer’s Charitable Trust is lengthy HD, NVDA, COST. See right here for a full record of the shares.) As a subscriber to the CNBC Investing Club with Jim Cramer, you’ll obtain a commerce alert earlier than Jim makes a commerce. Jim waits 45 minutes after sending a commerce alert earlier than shopping for or promoting a inventory in his charitable belief’s portfolio. If Jim has talked a few inventory on CNBC TV, he waits 72 hours after issuing the commerce alert earlier than executing the commerce. 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.