Jim Cramer identifies an interesting buy level for our worst performing Big Tech stock this year

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Thursday's key moments. 1. Stocks were in the red Thursday, with tech dragging the Nasdaq and S & P 500 lower by 2.4% and 1.6%, respectively, just before noon ET. Both were on track for a second consecutive day of losses. Microsoft was down 5.7% and Meta Platforms was down 3.6% after Wednesday night earnings releases failed to impress Wall Street. The negativity was spilling over to fellow Club names Apple and Amazon , which both report their latest quarterly results after Thursday's close. 2 . Jim Cramer said Thursday that Microsoft shares below $400 each would be an interesting buy level. Microsoft reported a strong quarter but delivered weaker-than-expected guidance . The software and cloud giant forecasted a slight deceleration in Azure growth and continued artificial intelligence spending. Microsoft stock, up around 8.5% year to date, has been the worst performer among our six megacap tech stocks. In contrast, Meta, up 63% year to date , has been second only to Nvidia 's more than 170% jump in 2024. 3. Shares of power management company Eaton fell 5.5% on Thursday after the company reported a small top-line miss in the third quarter. We had an idea the market was going to be unforgiving if the numbers weren't perfect, which was why we preemptively booked some profits on Eaton two days ago. "If you don't own Eaton, it's not a bad idea to start thinking about it," Jim said. Meanwhile, industrial gas company Linde delivered a top-line beat, but conservative guidance pushed shares nearly 3% lower. CEO Sanjiv Lamba will be on "Mad Money." Check email your inboxes and texts later for earnings analysis on both Linde and Eaton. 4. Stocks covered in Thursday's rapid fire at the end of the video were: Estee Lauder , SharkNinja , Merck , Bristol Myers , and Uber . (Jim Cramer's Charitable Trust is long META, MSFT, ETN, LIN. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's 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 ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Thursday's key moments.