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 Monday’s key moments. 1. The stock market is kicking off the week little changed despite the latest trade headlines. Over the weekend, President Donald Trump threatened both the European Union and Mexico with 30% tariffs on imported goods , beginning Aug. 1. “The institutions cleared out very quickly,” Jim said. “[But] individuals are not as perturbed about the tariff situation. They don’t care about the downgrades. … I’m seeing a positive scenario” for individual investors who want a discount, Jim continued, echoing his opening remarks at Friday’s annual Club meeting . On Monday, we added to our Dover position. In the week ahead, investors will get the June consumer price index, as well as earnings from Club names Wells Fargo and BlackRock before Tuesday’s opening bell. Portfolio holding Goldman Sachs reports its quarter Wednesday morning. 2. Nvidia shares were slightly higher Monday, holding on to a $4 trillion market cap. CEO Jensen Huang said in a CNN interview Sunday that the U.S. government should not be concerned about the Chinese military use of American technology. Huang said, “They simply can’t rely on it,” because it could be limited at any time. The Trump administration feels Jensen is “too close to Beijing,” said Jim, but countering that such a notion is “completely untrue.” The White House is also concerned about Chinese chip purchases rerouted through Singapore, which Jim also said is baseless. “Nvidia has a total handle on this,” Jim said, praising Jensen’s efforts to make American AI the global standard. Jim said, “It’s elegant in its solution,” and Trump should consider that. 3. Portfolio names Starbucks and Texas Roadhouse are part of Melius’ new coverage initiation on restaurants. Analysts initiated Starbucks with a sell, a move that Jim disagrees with. CEO Brian Niccol is “changing everything one by one and store by store,” Jim said. Citi analysts, however, are bullish on Starbucks, raising its price target to $100 from $95, citing an in-line beat on U.S. same-store sales. Texas Roadhouse was also initiated at Melius, but with a buy rating, as analysts call it a “rare” traffic-driven growth story in casual dining. “People want to be behind this. Why? It’s a high-growth stock,” and it’s only up 5% year to date, Jim said. 4. Stocks covered in Monday’s rapid fire at the end of the video were: Kenvue , Becton Dickson, Procter & Gamble , and Best Buy . (Jim Cramer’s Charitable Trust is long BLK, WFC, GS, NVDA, SBUX, TXRH. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
