Honeywell makes a deal to strengthen a core business but fails to address a key risk

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The Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.

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. The S & P 500 hit another record Thursday as Club holding Nvidia lifted the market higher. The chipmaker stock reached all-time highs as well, up more than 2.5%. "A lot of the gains today are being driven by the AI trade," said Jeff Marks, the CNBC Investing Club's director of portfolio analysis.

The purchase would boost Honeywell's defense technology business. The deal is small so it's not a needle mover for the industrial conglomerate at large. But it's a move in the right direction to improve Honeywell's overall portfolio and align more with its more profitable business segments. The stock reached a 52-week high this week.

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