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 stock market is higher Thursday as November’s consumer price index report came in cooler-than-expected. Inflation was up 2.7% versus Dow Jones estimates of 3.1%. Micron helped revive the AI trade, soaring 11% after an earnings beat. “People say what’s good for Micron could be good for the complex,” but that’s not true, Jim said. Elsewhere, The Information reported that OpenAI is in talks to raise new funding at a valuation of around $750 billion. “If they get $750 billion and we slow down the data build out, then everybody wins,” said Jim. “That’s a real dream.” 2. Eli Lilly shares are nearly 2% higher after the drugmaker announced positive topline results from a Phase 3 study for its oral GLP-1 drug called Orforglipron. “The market seems to be muted about it,” Jim said. He argued that the stock should be higher, especially after Eli Lilly recently signed a White House deal to lower GLP-1 drug costs for Medicare and Medicaid patients. The study evaluated Lilly’s oral pill for weight maintenance over 52 weeks following 72 weeks of treatment with the highest dose of Wegovy or Zepound injections. The results showed that participants maintained their weight loss after treatment, addressing a key concern with obesity medications. The company announced today that it submitted Orforglipron to the U.S. Food and Drug Administration for the treatment of obesity. 3. Nike shares are up ahead of the company’s quarterly earnings report after the close. Street analysts are essentially anticipating a solid quarter, but with cautious guidance. Nike must demonstrate continued progress, as investors will focus on inventory clean-up. Once that is sorted, Nike “can get back to full price and gross margins go higher,” said Jeff Marks, director of portfolio analysis for the Club. The Street will also monitor wholesale channel sales and updates on China’s recovery efforts. Jim also pointed out that the company still has work to do on innovation, as they don’t “have enough newness yet.” 4. Stocks covered in Thursday’s rapid fire at the end of the video were: Darden Restaurants , Lululemon , Sherwin-Williams , Shake Shack , and Merck . (Jim Cramer’s Charitable Trust is long LLY and NKE. See here for a complete 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.
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