Every weekday CNBC Investing Club hosts a “Morning Meeting” live stream with Jim Cramer at 10:20 a.m. ET. Here's a recap of Thursday's highlights. U.S. stocks were mixed on Thursday as traders weighed May's producer price index data, which showed inflationary pressures may be easing. The S&P 500 edged lower, but still traded near record highs. Weekly jobless claims also came in higher than expected on Thursday morning, signaling some easing in the still-tight labor market. The release of economic data follows the Federal Reserve's decision to leave rates unchanged on Wednesday, although Fed Chair Jerome Powell flagged progress on the inflation front. Earlier Thursday, we highlighted nine stocks in the portfolio that would benefit from a rate cut. Broadcom stock surged 13% on Thursday evening after the semiconductor company's artificial intelligence-driven earnings beat. Management raised its full-year guidance and announced a 1-for-10 stock split. “Behind Nvidia, this is the second best way to play AI in the chip space,” said Jeff Marks, the club's director of portfolio analysis. Blue Cross Blue Shield of Michigan will reportedly drop weight-loss drug coverage for the club, which owns Eli Lilly and Novo Nordisk, on certain commercial insurance plans in 2025, according to Bloomberg. This news does not change our investment thesis for Lilly. Drugs like Lilly's Zepbound are in short supply, with demand far outstripping supply. This is unlikely to change for at least a few years. Shares of Eli Lilly rose 1% on Thursday, on pace for another record close and its sixth straight day of gains. (Jim Cramer's Charitable Trust is long NVDA, AVGO, LLY. See here for a complete list of stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you'll receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling stocks in his charitable trust 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 Investing Club information above is subject to our terms and conditions and privacy policy, along with our disclaimer. No formal obligation or duty exists, or is created, by reason of your receipt of any information provided in connection with Investing Club. No specific results or profits are guaranteed.