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 Wednesday’s key moments. Equities surrender good points Costco studies Amazon’s antitrust woes 1. Equities surrender good points Stocks misplaced steam in midmorning buying and selling Wednesday, with the S & P 500 down 0.07%, as equities gave up early good points and bond yields once more strengthened. The yield on the 10-year Treasury was hovering round above 4.5%. However, Jim Cramer stated Wednesday that a potential shutdown of the federal government , together with an escalating strike by the United Auto Workers union, may “take out a massive chunk of financial exercise.” That would lead to bond yields falling, Jim argued, finally boosting shares. At the identical time, oil costs soared by greater than 2% Wednesday, with West Texas Intermediate crude buying and selling above $92 a barrel. And the market is now formally in oversold territory, in accordance with the S & P 500 Short Range Oscillator , that means we’re trying for shopping for alternatives. 2. Costco studies Club holding Costco Wholesale (COST) delivered stable quarterly outcomes Tuesday after the closing bell, beating expectations on each the highest and backside traces and enhancing gross margins year-over-year. The outcomes demonstrated stable comparable gross sales and powerful membership renewals, as the corporate opened 9 new places within the quarter. Consumer site visitors was up 5.2% worldwide and 5% within the U.S. Costco additionally stated it noticed inflation pattern downwards in the course of the quarter. At the identical time, the corporate didn’t implement a membership-fee hike or a particular dividend. But we proceed to see the previous as a query of when, not if. 3. Amazon’s antitrust woes The Federal Trade Commission, in a extremely anticipated antitrust lawsuit, alleged Tuesday that Club title Amazon (AMZN) wields “monopoly energy” to inflate costs, degrade high quality for buyers and unlawfully exclude rivals, undermining competitors. While we’ll be watching the case intently, we do not see it as a basic concern for the inventory. Moreover, Citigroup notes that the e-commerce market is definitely changing into extra aggressive, with firms like Walmart (WMT) and Shopify (SHOP) gaining share. And ,on the identical time, many on Wall Street have argued a breakup of Amazon would unlock worth, with the sum of its components higher than the entire. (Jim Cramer’s Charitable Trust is lengthy COST, AMZN. See right here for a full record of the shares.) As a subscriber to the CNBC Investing Club with Jim Cramer, you’ll obtain a commerce alert earlier than Jim makes a commerce. Jim waits 45 minutes after sending a commerce alert earlier than shopping for or promoting a inventory in his charitable belief’s portfolio. If Jim has talked about a inventory on CNBC TV, he waits 72 hours after issuing the commerce alert earlier than executing the commerce. 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.