We're on Fed watch and tracking a parabolic move higher in one of our struggling stocks

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We're on Fed watch and tracking a parabolic move higher in one of our struggling stocks
Alternative And Sustainable EnergyApple IncNextracker Inc
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The Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.

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. 1. U.S. stocks were mixed Wednesday ahead of the Federal Reserve's interest rate decision in the afternoon. The S & P 500 and Nasdaq slipped, while the Dow ticked slightly higher. "We may hear that rate cuts are not as visible," Jim Cramer said.

We also maintained our $55-per-share price target. 3. Oppenheimer downgraded Apple to a hold-equivalent rating from buy — one day before the company's quarterly earnings release due out Thursday evening. Analysts cited stronger smartphone competition in China and a lack of compelling Apple Intelligence and generative artificial intelligence applications to cause an iPhone upgrade cycle. We're not surprised by the call, especially given the stock's big rally this week.

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