Jim Cramer says this market is too speculative — but 2 stocks are still buys

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. 1. U.S. stocks were slightly lower Thursday. The S & P 500 closed at another record Wednesday, and the S & P 500 Short Range Oscillator , our favorite trading momentum indicator, signaled an overbought market for the fourth straight session.

Danaher shares dropped 3% on Thursday, extending their losing streak to three sessions. CEO Rainer Blair failed to inspire investors when speaking at Evercore ISI's health conference Wednesday afternoon. Danaher stock made a nice run this year until it started to go sideways in August. Since its latest earnings report on Oct. 22, and the lack of China stimulus, shares hit a rough patch.

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