Stocks are tumbling. But these 2 portfolio holdings should be defying the slide

Published Thu, Apr 25 202412:01 PM EDT

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. U.S. stocks tumbled Thursday as Wall Street digested softer-than-expected gross domestic product data and an additional evidence that inflation remains sticky. The first-quarter GDP figures indicated a significant slowdown in growth compared with the prior quarter – confirming Jim Cramer's belief that "brown shoots" have sprouted in the U.S. economy. All three major U.S. stock indexes are down more than 1%. Meanwhile, the benchmark 10-year Treasury yield rose to its highest level in over five months after the GDP release. "The Fed needs help," Jim said Thursday. "The Fed has raised rates and still hasn't tamped inflation." Ford Motor stock declined 1.6% Thursday following the company's better-than-expected quarterly print on Wednesday evening. "This is wrong," Jim said. "Ford should not be down." Management shared positive updates regarding the firm's full-year outlook, including lower capital expenditure guidance. Our latest company to report, Honeywell International , also should be higher on the results, Jim said. Shares are down 2% after the industrial conglomerate posted a beat on quarterly earnings and revenue before the bell Thursday. Our full breakdown of Honeywell's report will be out later Thursday. Goldman Sachs upgraded TJX Companies to a buy rating from hold Thursday and raised its price target on the stock to $110 apiece from $100. Analysts argued that TJX is positioned to capture market share as consumers increasingly look for more value and variety in their products. That's been part of our thesis on the T.J. Maxx and Marshalls parent for some time. "Very simple upgrade, saying this is the time to be in the stock," Jim said. We've owned it since August 2022. (Jim Cramer's Charitable Trust is long HON, F, TJX. 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.