Weekdays, CNBC’s Investment Club along with Jim Cramer hosts a “Morning Meeting” live stream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Buy Stop Beware Salesforce downgrade Watch for Alphabet Boom 1. Stop Buy Stocks rose Wednesday to continue a positive start to the year, boosted by economic data showing the Federal Reserve The Federal Reserve is making progress in the fight against inflation. A higher close on the Nasdaq Composite, the hardest-hit index in 2022, would be four straight days of gains. The market is in overbought territory, according to our trusted S&P 500 Short-Term Oscillator. This means pausing buying for us. We took advantage of the recent market rally earlier this week with Estee Lauder (EL) — and later with Microsoft (MSFT) and Nvidia (NVDA). We put profit on all three. 2. Beware of Salesforce downgrade Bernstein on Wednesday downgraded Salesforce (CRM) to underperforming market performance (selling from hold), citing slower growth and profit concerns company profits. Analysts argue that Salesforce’s deceleration in growth has been masked by acquisitions and the company’s cost-cutting measures – including layoffs – will continue to affect efficiency and growth. But we disagree with their thesis because soon-to-be sole CEO Marc Benioff is said to have told employees that half of Salesforce account executives drove more than 95% of transactions. , with a lack of productivity mainly stemming from new hires. 3. Alphabet’s potential boom tracker Jim Cramer says his sources told him Alphabet (GOOGL) is preparing to implement a hiring freeze, then cut headcount. Jim said if Alphabet makes those moves, the stock could skyrocket. Last year, the company said it only plans to slow hiring by 2023. (Jim Cramer’s Charitable Trust has purchased EL, MSFT, NVDA, CRM, GOOGL. See here for a full list of stocks. .) Club with Jim Cramer, you will receive a transaction notification before Jim makes a trade. Jim waits 45 minutes after sending the trading notice before buying or selling shares in his charity’s portfolio. If Jim had talked about a stock on CNBC, he would have waited 72 hours after issuing a trading warning before taking a trade. INFORMATION ABOUT THE ABOVE INVESTMENT CLUB IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, PLUS OUR DISCLAIMER. NO Fiduciary Obligations OR OBLIGATIONS EXIST, OR BE CREATE, BECAUSE OF YOUR RECEIVING ANY INFORMATION PROVIDED IN RELATED TO THE INVESTMENT CLUB. NO SPECIFIC RESULTS OR PROFITS GUARANTEED.