Jim Cramer’s CNBC Investment Club hosts a “Morning Meeting” livestream weekdays at 10:20 a.m. ET. A recap of Tuesday’s big moments. 1. Stocks were little changed as strong third-quarter GDP data dampened expectations for future Fed rate cuts and pushed bond yields higher. However, Jim Cramer said the market is incorrect because if President Donald Trump were to take over as Fed chief, the Fed would follow President Trump’s orders and lower interest rates. The president has made no secret of his desire to significantly lower interest rates. He has been putting pressure on current Federal Reserve Chairman Jerome Powell, but Powell has not given in. However, Powell’s term ends in May. Jim said lower interest rates will support stock prices, regardless of his personal views on the president. 2. Jim talked about the club putting Alphabet back on its watch list of bullpen stocks. Jim has repeatedly admitted that selling the stock in late March was a mistake. But he stressed that he would not continue to make a second mistake by not buying back. “People have to be open-minded,” he said. Bullpen stocks are stocks we consider buying. Jim said he needed to think differently about the alphabet because things had changed. The overreach of antitrust laws that he had worried about has subsided, and with the release of Gemini 3, concerns about AI have allayed. 3. Nvidia stock opened lower Tuesday morning, but Jim said the stock “shouldn’t go down.” He argued that the monolithic nature of the AI trade lumps all sorts of unrelated stocks and industries in with NVIDIA, from quantum to crypto to rockets. That’s clearly wrong. Nvidia stock edged higher late in the session. In his Sunday column, Jim argued that the prevalence of five bear lawsuits against NVIDIA is nonsense. Many investors believe that the hardware company shouldn’t be the biggest company and that NVIDIA’s stock price should be lower. Why do they say that? “Because they want to quell it,” Jim said Tuesday. Next year, Nvidia’s next-generation Vera Rubin chip platform will be a hot topic. He warned that “those who sold NVIDIA out of the competition will do the same thing again since I first recommended this stock in 2009.” 4. Stocks featured in Tuesday’s rapid-fire at the end of the video were Prologis, ServiceNow, Johnson & Johnson, Reddit, and Tyson Foods. (Jim Cramer’s Charitable Trust is long NVDA. 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.
