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. 1. The S & P 500 was flat Thursday, shaking off earlier losses after inflation creeped up higher than expected in September. The consumer price index rose 2.4% on an annual basis, a bit above than the 2.3% expected but still trending lower from 2.5% in August. With third-quarter earnings starting in earnest Friday, Jim Cramer urged investors to keep their “eye on the prize.” Initial jobless claims also came in above expectations, but there could be some noise in those numbers due to strikes and hurricanes. Economic data reports are generally helpful, but at the same time, Jim argued that “not every number is significant, and yet we want to make every number significant.” Quarterly earnings are always significant, though, because we only get them four times a year, Jim said. Club name Wells Fargo is set to report Friday before the open. 2. JPMorgan increased price targets on several of our industrial plays Thursday including Eaton , Dupont and Dover while maintaining buy-equivalent ratings on all three. Out of the bunch, Jim said he’s most excited about conglomerate Dover because it “still has multiple expansion coming” as more investors realize its exposed to megatrends such as the data-center buildout. Shares of Dover are down nearly 2% over the past week and traded at roughly $187 each Thursday. If the stock drifts even lower and breaks below $180, Jim said he’d be open to adding to our position. In the same JPMorgan note, analysts downgraded Honeywell. We took a closer look at that call earlier Thursday. 3. Costco reported strong September monthly sales late Wednesday. The membership retailer’s total comparable sales were up 6.7% while core comparable sales, which exclude the impacts from gas prices and foreign exchange, rose 8.9%. The company said it captured a 1.5% benefit to worldwide sales in the final week of September due to “abnormal consumer activity” in the U.S. linked to Hurricane Helene and the port strikes. Costco shares traded 1.6% lower Thursday, giving back some of its recent gains in anticipation of strong September sales. The weakness in the stock Thursday “is not the kind of weakness that is a buy,” Jim said. “It’s not enough cause it just ran up.” 4. Stocks covered in Thursday’s rapid fire at the end of the video were: Delta Air Lines , Domino’s Pizza , Medtronic , Nike , and Pfizer . (Jim Cramer’s Charitable Trust is long WFC, DOV, DD, ETN, COST. 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.
