Jim Cramer’s CNBC Investment Club hosts a “Morning Meeting” livestream weekdays at 10:20 a.m. ET. A recap of Thursday’s key moments. 1. Wall Street rallied Thursday on new evidence pointing to a soft landing scenario for the economy. Jim Cramer said Thursday that the Fed has “absolutely no reason” to cut interest rates anytime soon, given the overall strength of industries and strong GDP reports with subdued inflation. The S&P 500 rose again after hitting new all-time highs for four consecutive sessions. Jim said the bull market is “getting a little hot for me,” and expressed caution about bad stocks rising along with blue-chip stocks. There’s “a little too much energy” in the market right now, he concluded. 2. He’s one of the reasons why we didn’t want any of Caterpillar’s rally to all-time highs to come back on Thursday. The day after cutting half of our position, we sent out a trade alert informing our members that we intended to exit the remaining position in the heavy equipment manufacturer. Caterpillar stock has a history of falling on fourth-quarter earnings dates, typically because management is very conservative with its comments a year ahead. Shorts will aim for it. Caterpillar is scheduled to announce its fourth quarter financial results on February 5th. 3. We’re adding another stock to our bullpen watchlist: chemical giant Dow. After speaking with CEO Jim Fitterling, Jim Cramer said he was “interested in Dow Chemical.” Dow raised the price of polyethylene, one of its main products. The company also said China is already superior. Cramer believes the Dow could soar if the Fed eventually cuts rates. “This is not DuPont,” he said, referring to the club’s terrible pre-announcement of its name and the drop in stock price. We said Wednesday that we would not consider buying back DuPont stock, which we cut last week. DuPont’s price target was also lowered. (Jim Cramer’s Charitable Trust is a long DD. See here for a complete list of stocks.) As a subscriber to Jim Cramer’s CNBC Investment Club, you will receive trade alerts before Jim makes a trade. I will receive it. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in a charitable trust’s portfolio. If Jim talks about a stock on his CNBC TV, he will wait 72 hours before executing the trade after issuing a trade alert. The above investment club information is subject to our Terms of Use and Privacy Policy, as well as our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.