We maintain our buy on Ford shares after a bullish Street initiation

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. U.S. stocks were mixed on Thursday. The Nasdaq hit a record high after Club holding Nvidia’s spectacular quarterly earnings report on Wednesday. The leading AI chipmaker once again crushed analysts’ sky-high expectations on the top and bottom lines, pushing shares up more than 10%. The results reaffirmed our “own it, don’t trade it” thesis on Nvidia. Meanwhile, U.S. Treasury yields rose on Thursday’s stronger-than-expected S & P Global Manufacturing PMI , sending less tech-focused gauges, S & P 500 and Dow Jones Industrial Average, lower. DuPont de Nemours shares were flat Thursday, a session after management announced a split into three independent companies within the next 18 to 24 months. This is great news for shareholders as each new business will be more focused and well capitalized, given DuPont’s already strong balance sheet. Jim Cramer says the market’s reaction is wrong but presents a great opportunity for investors. “The market can’t get its head around Nvidia and DuPont at the same time,” Jim said. “The opportunity for you at home is extraordinary.” We plan to add to our DuPont position once the portfolio isn’t restricted, and to upgrade the chemicals maker to a buy-equivalent 1 rating. Bernstein initiated coverage of Ford Motor with a buy-equivalent rating and price target of $16 apiece, a roughly 33% upside from the stock’s intraday level. Analysts at the firm said the automotive giant can hit the upper range of its adjusted EBIT guidance for fiscal 2024, and that Ford’s electric vehicle (EV) business — which has been a money loser — can break even before the end of the decade. We welcome the bullish call and maintain a buy rating on F shares. (Jim Cramer’s Charitable Trust is long DD, F, NVDA. 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.

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