Jim Kramer here to share with you a sample of my take on the market from today's

CNBC Investing Club morning meeting.

Let's go with something that's really working well for us this morning.

Wells Fargo, which was upgraded to, from hold to buy by a very important firm by Piper.

I think this really matters.

No, I've been reading this Piper analyst for a while because they have a hold. You always want to understand why some analysts have a hold. Why aren't they more bullish? And it sounds like they've liked the stock for a long time. Talk about this Wells Farger transitioning from playing defense when they were so burdened by all these regulatory issues. So now playing offense. Yes. You can see that through the IB, the investment banking push, the credit card, you know, ambitions they have that they point out. Also the fee growth. You still are down a lot. So if someone said to me, do you buy Wells? This is the problem. Well, no, I'm not going to buy it up three. But if you bought it yesterday, obviously wouldn't buy it up three. We don't need Wells. We sold some Wells higher? Yeah, a little bit. I don't think we ever bought it back, but yeah. No, but we don't need to. We have a huge position. But if someone told me, listen, do you want to buy it up here?

I'd say, let's just wait. See if it can't come down a little. They report Friday, so you'll hear

from Charlie then. Exactly right. Now, we had more good news with Broadcom this morning with a gigantic

buyback. Yeah, very important. Sending a signal to the market that Hock Tan thinks the stock is cheap.

They announced a $10 billion buyback. It's through December 31st. So, you know, they got,

you know, call it eight months to put this money to work, $10 billion. So it's pretty fast.

But look at this. Again, look where it came from. Again, not high enough. This is down 38 38% yesterday down 33% here from the top i think this is a

great situation but do i want to come in and buy it up 13 that's not my stuff so i'm hung i can't buy

broadcom here up 13 you You had to buy it yesterday.

And I felt like that we had a big position.

I don't know.

We got hung like this on a bunch of it.

Yeah, I mean, look, again, we'll have to see, again, how China responds, how Europe responds.

You know, if we do see some good news there, then, you know, that will, look, there's, I don't think the market is cleared through all these trade negotiations and everything like that.

So we just have to be, you know, a little bit patient, but definitely want to be constructed. But Hock-Tam must be thinking, look, we're doing great.

Let's just go buy stock.

Sure.

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