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 was little changed Monday following Friday’s session when the S & P 500 closed just one point shy of a new record high. Investors are awaiting key inflation data this week with both the consumer price index and producer price index numbers set for release on Tuesday and Thursday, respectively. Meanwhile, the Club added shares of Palo Alto Networks and Starbucks to the portfolio Monday after the companies unfairly got swept up in a wave of selling. 2. Club name Nvidia and Advanced Micro Devices agreed to pay the U.S. government 15% of revenue generated from sales of their chips to China in exchange for export licenses, according to the Financial Times . Meanwhile, there are reports of ongoing concerns from China that Nvidia’s H20 chips pose a risk to national security. Jim called the reports “nonsense.” Jim added, “The government could’ve blocked it [H20 chips] if they wanted to.” 3. Texas Roadhouse shares are higher Monday after Friday’s 6.5% fall after the company’s earnings report. “The people who sold Texas Roadhouse really hard on something we all expected, which was higher beef prices… those are who you take advantage of,” Jim said. The Club sold about 80 shares in our position back in May at around $191 but added back half of what we sold this past Friday on the dip. “You want to be able to leave room to buy back the stock that you sold,” Jim said. “What I care about is the growth, and the growth here is incredibly strong.” 4. Stocks covered in Monday’s rapid fire at the end of the video were: Micron , Adobe , and ELF . (Jim Cramer’s Charitable Trust is long NVDA, 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.
