Every weekday, the CNBC Investing Club with Jim Cramer hosts a live “Morning Meeting” at 10:20 AM ET. Here is a summary of Thursday’s key highlights. Buy EL before the end of the day We love the NFL-YouTube deal Buy more STZ 1. Buy EL before the end of the day China will move to reduce quarantine requirements for foreign travelers next month, according to Bloomberg. This suggests that China could restart its economy faster than expected, which bodes well for club holding Estee Lauder (EL). We believe that new members of the Club should receive Estee Lauder shares before the end of the day. While EL stock has fallen to around $241 each Thursday morning, Jim Cramer believes it could drop even more towards the close. 2. We love the NFL-YouTube deal The National Football League said Thursday that its Sunday Ticket subscription package will be transferred to YouTube TV by Google parent company Alphabet (GOOGL). It’s unclear how this new NFL deal will fit into Alphabet’s wide range of products and services. However, we believe there are many ways they can benefit from streaming NFL games. “There are many ways to skin a cat here,” Jim said. “I like it.” 3. Buying more STZ Although Constellation Brands (STZ) stock fell from a high of $250 in early December to $230 on Thursday, we still like the stock and bought more. RBC Capital blames this on so-called transient problems, including bad weather in California, an over-focus on volume and the growth of other brands. We agree with the assessment, and we are also convinced by the company’s strong cash flow. (The Jim Cramer Charitable Foundation is long EL, GOOGL, STZ. See the full list of stocks here.) As a CNBC Investing Club subscriber with Jim Cramer, you will be notified of the trade before Jim completes the trade. Jim waits 45 minutes after sending a trade alert before buying or selling shares in his charitable foundation’s portfolio. If Jim was talking about a stock on CNBC, he waits 72 hours after a trade alert is posted before making a trade. THE ABOVE INFORMATION ABOUT INVESTMENT CLUB IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, TOGETHER WITH OUR DISCLAIMER. NO FIDUCIARY RESPONSIBILITIES OR OBLIGATIONS ARE OR ARISING IN CONNECTION WITH YOUR RECEIVING ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO SPECIFIC RESULT OR PROFIT IS GUARANTEED.
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