Cramer interviews Home Depot CEO at annual convention

The CNBC Investing Club, led by Jim Cramer, held its "Morning Meeting" on Thursday. The meeting focused on market trends and company updates. Markets were showing losses on Thursday after a recent gain. This comes after the Federal Reserve decided not to change interest rates. However, the Fed did lower its growth projections and increased its inflation expectations. While two rate cuts are still expected this year, some officials suggest there may be fewer cuts than previously thought. Investors are advised to watch for upcoming data that could impact these forecasts. On Wednesday, the club bought more shares of Goldman Sachs after a downgrade from Oppenheimer analysts. The analysts raised concerns about potential delays in mergers and acquisitions this year. Cramer disagreed, calling the downgrade "ill-advised." He also highlighted upcoming IPOs, including CoreWeave and Klarna, suggesting they could exceed expectations and boost the market. Home Depot is currently hosting its annual meeting for store managers. Cramer is attending and plans to interview CEO Edward Decker. The club is interested in examining Home Depot's performance in home repairs and renovations, especially as the housing market is slowing. Cramer pointed out that tariffs on lumber could negatively affect the housing industry. He believes the stock price of Home Depot is lower than expected, urging investors to consider buying in. Lastly, Cramer mentioned several companies, including Darden Restaurants and Cava, in a quick stock review at the end of the meeting. He reiterated that members of the Investing Club will receive trade alerts before he makes any stock trades.