The CNBC Investing Club with Jim Cramer hosts a daily "Morning Meeting" livestream at 10:20 a. m. ET. Here's a summary of the key moments from Wednesday. On Wednesday, U. S. stocks remained stagnant as the Federal Reserve's latest policy decision was anticipated on Wall Street. While it is expected that the Fed will maintain unchanged rates at this time, investors will be watching for indications of future policy direction in the "dot plots" from central bankers. During his Wednesday afternoon press conference, Fed Chair Jerome Powell is expected to take a more hawkish stance due to recent inflation data and the rise in commodities. However, it remains to be seen if Powell's potentially hawkish approach will significantly impact the market, as investors should not be caught off guard. In other news, Barclays analysts released a bullish call on Club holding Broadcom. The firm reinstated coverage with a buy-equivalent rating, stating that the chipmaker is well-positioned to benefit from what they refer to as the "2nd Wave of AI. " Additionally, analysts set a price target of $1, 405 per share, indicating a potential 14% increase from Tuesday's closing price. Jim expressed confidence in Broadcom's growth prospects and advised investors not to sell, stating that those selling are on the wrong side of the trade.

While Broadcom shares initially dipped, they later recovered. The Club will be monitoring Broadcom's AI infrastructure event later in the day for any updates. Citigroup analysts downgraded Wells Fargo from buy to hold, citing the stock's recent surge in valuation. However, they raised their price target on Wells Fargo to $63 per share from $57, as they anticipate higher returns on average tangible common shareholders' equity. Jim disagreed with the downgrade, affirming his support for Wells Fargo and highlighting the stock's strong performance in the past year. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive trade alerts prior to Jim making a trade. Jim waits 45 minutes after sending a trade alert before executing a stock transaction in his charitable trust's portfolio. If Jim discusses a stock on CNBC TV, he waits 72 hours before acting on the trade. Please note that the information provided by the Investing Club is subject to our Terms and Conditions, Privacy Policy, and Disclaimer. There is no fiduciary obligation or duty established by your receipt of this information, and no specific outcome or profit is guaranteed.