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. The S & P 500 and Nasdaq Composite again hit new highs on Wednesday. The stock benchmarks closed at records on Tuesday after Federal Reserve Chairman Jerome Powell said that keeping interest rates too high for too long could jeopardize U.S. economic growth. Investors await major inflation reports later this week, with the consumer price index print on Thursday and producer price index data on Friday. Honeywell International announced plans on Wednesday to acquire Air Product’s liquefied natural gas business in a $1.81 billion all-cash deal. While small, the acquisition gives Honeywell more exposure to a rapidly growing end market: data centers. That’s because natural gas is used to help these facilities function properly and avoid power outages. Overall, we’re glad to see management putting their money where their mouth is to reshape Honeywell’s sprawling portfolio to focus on more profitable businesses . The firm has earmarked $9 billion for mergers and acquisitions over the past eight months alone. If you don’t own DuPont stock, Jim Cramer said current prices are a good entry point. The company has been overlooked as a winner from the AI trade because of the market’s recent focus on Big Tech names like Nvidia. Jim argued that DuPont’s electronics business will benefit from the boom in chip demand. “I think you just have to own DuPont right here, and it’s just not dawning on people.” Shares of the chemicals maker are flat on Wednesday. (Jim Cramer’s Charitable Trust is long DD, HON, 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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