Each weekday the CNBC Investing Membership with Jim Cramer holds a “Morning Assembly” livestream at 10:20 a.m. ET. This is a recap of Wednesday’s key moments. Oil is all about Russia Fast mentions: AMD, F Eli Lilly experiences Thursday 1. Oil is all about Russia U.S. oil costs, as measured by West Texas Intermediate crude futures , dropped one other 3% on Wednesday, nearing the $90-per-barrel stage. WTI hit 13-year highs in March, buying and selling above $130 per barrel, after Russia invaded Ukraine. Regardless of the current declines, we’re nonetheless eager on our oil shares as they’re returning tons of extra money to shareholders. Membership holding Pioneer Pure Sources (PXD) reported an awesome quarter after the closing bell Tuesday. Pioneer’s 15% annualized dividend yield is the chief within the S & P 500, and it plans to return over a whopping 95% of its second-quarter free money movement to shareholders through dividends and buybacks. As for Coterra Power (CTRA), it is a massive pure fuel play, and the U.S. has sufficient pure fuel to ship to Europe. We consider that the Membership holding is more likely to maintain up, particularly if Germany, which is dealing with a fuel emergency resulting from Russia’s conflict, has a chilly winter. The corporate, after-the-bell Tuesday, introduced a robust quarter and elevated its quarterly dividend and tempo of inventory buybacks. Whereas we consider these corporations are well-positioned to generate money, we acknowledge that technical market evaluation means that oil will go all the way down to $80 per barrel and harm their backside strains. Nonetheless, we preserve the most important driver of oil costs is in the end Russia and its manufacturing ranges. 2. Fast mentions: AMD, F Superior Micro Gadgets (AMD) reported after the closing bell on Tuesday, and CEO Lisa Su is slated for an look on “Mad Cash” on Wednesday night. The corporate beat Wall Avenue expectations with its second quarter outcomes. We consider there are bullish indicators for the inventory, together with the numerous progress in its knowledge middle enterprise and its path ahead on taking share from Intel (INTC). Ford (F) has an extended waitlist for a lot of of its fashions, with nearly all 2022-model yr autos offered out. The corporate additionally boosted its quarterly dividend by 50% to fifteen cents per share. The inventory rose Wednesday on sturdy July gross sales figures, up 36.6% from the year-ago interval and seven.7% over June. Industrywide July gross sales had been estimated to have declined by 10.5% 3. Eli Lilly experiences Thursday Eli Lilly (LLY) experiences earnings earlier than the bell Thursday, and a part of our focus shall be on the launch of Mounjaro, the corporate’s Kind-2 Diabetes drug that is additionally in trials as an weight problems remedy. Whereas we hardly ever advise shopping for forward of 1 / 4, we just like the long-term view and would think about shopping for again among the shares we lately offered increased if the inventory pulls again additional. (Jim Cramer’s Charitable Belief is lengthy AMD, CTRA, DVN, F, LLY, and PXD. See right here for a full listing of the shares.) As a subscriber to the CNBC Investing Membership 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 a few 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.