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 Tuesday’s key moments. The S & P 500 was relatively flat Tuesday but trying to extend its winning streak to six sessions in a row. Bond yields dipped as consumer confidence in the economy dimmed to its lowest levels since 2011, according to the Conference Board’s April survey . During the Morning Meeting, Jim Cramer said there’s a disparity between what consumers say and what they do. “For us, what matters is what they spend, and they’re spending as if things aren’t bad,” Jim explained. He added that if the job market were to turn, consumers would tighten their belts. The government’s monthly employment report is set for release Friday. We’re also watching out for earnings from Big Tech this week. Starbucks is scheduled to report earnings after Tuesday’s close, and the numbers probably won’t be good. It will be important to see if CEO Brian Niccol’s turnaround plan is progressing. The Wall Street Journal reported Tuesday on how Starbucks is using new technology to improve wait times for customers. Jim said Niccol is “so passionate” about speeding up order times and views it key to winning back consumers. We also want to hear what the company is doing about China, where the trade war is tarnishing American brands and pushing Chinese consumers further into the arms of domestic operators. Cadence Design Systems shares rose nearly 5% after the company reported better-than-expected quarterly earnings Monday evening and matched on revenue. Cadence, which makes software and hardware to help clients design electronic systems, bumped up guidance, which exceeded expectations. Jim said, “What’s good for Cadence is great for Nvidia.” He questioned why Nvidia shares were not higher Tuesday. “No one’s making that connection. It’s crazy,” he said. Cadence relies on Nvidia and vice versa. Stocks covered in Tuesday’s rapid fire at the end of the video were General Motors , Coca-Cola , Chili’s and Maggiano’s owner Brinker , PayPal , and Pfizer . (Jim Cramer’s Charitable Trust is long SBUX, NVDA. 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.
