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. Wall Street is having a slow start to the new week of trading. It’s not a total surprise given we’re coming off back-to-back winning weeks and many of the biggest events this week — Federal Reserve Chair Jerome Powell’s Jackson Hole speech and earnings from retail bellwether Walmart — aren’t for a few days. With Powell’s speech on Friday morning, Director of Portfolio Analysis Jeff Marks noted that the big debate is whether Powell will tee up a September interest rate cut or focus instead on providing a longer-term monetary policy framework. “Should be market-moving,” Jeff said. In addition to Walmart on Thursday, we’ll hear from Club retailers Home Depot on Tuesday and TJX Companies on Wednesday. 2. We’re not sweating Evercore ISI issuing a short-term negative call on CrowdStrike , one of our two pure-play cybersecurity stocks, ahead of its earnings report next week. “I’m always wary of these tactical calls in either direction,” Jeff said. Evercore is concerned that its “subdued” channel checks combined with CrowdStrike’s premium valuation could lead to a post-earnings pullback. That wouldn’t be out of the ordinary, Jeff said, with shares averaging a 5.5% decline in response to its past three earnings reports. We’ve viewed those as buying opportunities, though. “If you want to hold off on buying it before earnings given the history I just said, I think that’s reasonable as well,” Jeff said. 3. Before we hear from CrowdStrike, we get results from cyber peer Palo Alto Networks after Monday’s close. “It hasn’t been a great earnings season for some cybersecurity names. We’ll hope to see Palo Alto buck that trend this evening,” Jeff said. In particular, we’re looking for confirmation that Palo Alto’s blockbuster CyberArk acquisition was not executed because its core business is slowing down — that’s been a key prong of the bear case against the deal. We haven’t bought into it, though, and accordingly added to our position a week ago at nearly $170 a share. (Jim Cramer’s Charitable Trust is long HD, TJX, PANW and CRWD. 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.
