Jim Cramer’s CNBC Investment Club hosts a “Morning Meeting” livestream every weekday at 10:20 a.m. ET. A recap of Monday’s key moments. 1. Stocks started lower on Monday as oil prices rose. “Iran is controlling the early stages,” Jim said. Iranian negotiators reportedly suspended communications with the United States, while the U.S. Central Command announced that U.S. forces intercepted two Iranian ballistic missiles aimed at U.S. service members in Kuwait. Rising oil prices weighed on consumer staples and discretionary stocks, but strength in some technology stocks eased the overall market burden. 2. The club that owns Nvidia rose 4% on Monday after CEO Jensen Huang announced a series of new AI initiatives at the Computex conference in Taiwan. The rally helped reverse Friday’s slight decline, but Jim attributed it to short-term trading trends rather than deterioration in the company’s fundamentals. Jim said Nvidia’s foray into PC processors strengthens the company’s long-term growth story. “This is a paradigm shift,” he said. Jim also claimed that Nvidia’s latest announcement shows that spending on AI infrastructure is generating real returns. “Computing equals money,” he said. Monday’s gains, along with gains for club name Arm Holdings, reinforced his belief that investors are starting to focus again on Nvidia’s next phase of growth. 3. Monday was the first trading day for FedEx Freight after it became independent from Club Holding FedEx. Jim said the separation should unlock value for both companies over time. He argued that FedEx Freight was a “starving company” that lacked the necessary resources because management was focused on the broader FedEx business. Meanwhile, Jim said FedEx could benefit from removing what he described as shackles to its parent company. “FedEx itself will go up because it doesn’t have that particular corporate hangover,” Jim said. Jim remains optimistic about the outlook for both businesses, although he expects some volatility following the spinoff. FedEx Freight CEO John Smith will appear on “Mad Money” Monday night. 4. At the end of the video, the stocks featured in Monday’s surge are: Berkshire Hathaway, Yum! Brands, MGM, and Strategies. (Jim Cramer Charitable Trusts are Long Arm, FedEx, and Nvidia. See here for a complete list of stocks.) As a subscriber to Jim Cramer’s CNBC Investment Club, you will receive trade alerts before Jim makes a trade. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in his charitable trust’s portfolio. If Jim talks about a stock on CNBC TV, he will issue a trade alert and then wait 72 hours before executing the trade. The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.
