Jim Cramer wants to buy this stock now 10% below its highs. Here's why

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. All three major indexes rallied Thursday, with the Dow reclaiming 50,000 after an important U.S.-China meeting and a blowout earnings report from Cisco Systems . It was a mixed bag for semiconductor stocks Thursday. Some like Club names Nvidia and Broadcom are rallying. Others like Micron and Qualcomm fell. …