![Why Jim Cramer says Ford should be bought 'aggressively' on the dip 1 Why Jim Cramer says Ford should be bought 'aggressively' on the dip](https://www.trendfeedworld.com/wp-content/uploads/2024/06/Why-Jim-Cramer-says-Ford-should-be-bought-39aggressively39-on.jpeg)
Every weekday, the CNBC Investing Club with Jim Cramer hosts a livestream “Morning Meeting” at 10:20 a.m. ET. Here's a recap of Wednesday's biggest moments. The S&P 500 climbed Wednesday after a second round of weak jobs data pushed bond yields lower and raised market hopes for Federal Reserve rate cuts later this year. Private payroll data from ADP showed hiring slowed more than expected in May. The big report of the week comes Friday, when the government releases its latest monthly employment figures. The Nasdaq was by far the star on Wednesday – up more than 1% – as portfolio name Nvidia returned to record highs and moved closer to joining the $3 trillion market cap club. Club names Apple and Microsoft are the only American companies that exceed that threshold. Ford fell more than 1% for the second straight session despite announcing Tuesday that the automaker had another strong sales month. It seems investors haven't been able to shake off concerns about massive losses from Ford's electric vehicle division. However, Jim said the recent stock reaction was wrong because electric cars will become less of an issue in the future. “Ford needs to be aggressively bought and bought here,” he said Wednesday. “If we didn't own that much, I'd say we should buy some today.” Alphabet announced on Wednesday that Eli Lilly, Chief Financial Officer Anat Ashkenazi, will become the new CFO of the Google parent company at the end of July. Jim said Ashkenazi has been “key to the strategy” and a “dynamite leader” for Eli Lilly, where she has managed the drugmaker's books since 2021. However, the change in leadership does not change either portfolio name. (Jim Cramer's Charitable Trust is long F, GOOGL, LLY, NVDA, AAPL, MSFT. See here for a full list of stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you'll receive a trade alert before Jim Cramer. makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charity's portfolio. If Jim has talked about a stock on CNBC TV, he will wait 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, ALONG WITH OUR DISCLAIMER. No fiduciary obligation or duty exists nor is it created by your receipt of any information provided in connection with the Investment Club. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.