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 was higher to start the week. The tech-led Nasdaq hit a new all-time high. Investors await two key inflation reports : Wednesday’s producer price index and Thursday’s consumer price index. “This is a difficult week. We have a lot of data, but what matters is what happened Friday,” Jim Cramer said, referencing Friday’s weak jobs report, which he dissected in his Sunday column . The soft jobs data fueled the odds for three Fed rate cuts before year-end — starting at next week’s central bank meeting. Fed expectations are driving Jim’s belief that long-term and short-term bond yields could finally decline in meaningful ways. “The bonds are telling the story,” said Jeff Marks, director of portfolio analysis for the Club, pointing to another dip in the 10-year Treasury yield . 2. If you ask Jim, Home Depot’ s moment has arrived. “It’s entirely possible that we could see the positive reaction that we didn’t get last year when we bought Home Depot, expecting that the long rates and mortgage rates would come down,” Jim said. For a while, Jim has touted Home Depot as a prime stock, set to rip once mortgage rates stay below 6.5%. As of Friday, the 30-year fixed-rate mortgage dropped to 6.29%. “The savior will be the housing industry,” Jim predicted. That would be in contrast to last year, when the Fed cut rates three times at the end of 2024, and bond yields did not stay down. 3. Custom chipmaker Broadcom shares jumped another 3.5% on Monday, on top of their 9.4% post-earnings day surge on Friday. In fact, as of Monday, the Club stock was on a five-session winning streak. The rally intensified after Broadcom’s earnings call last Thursday evening when CEO Hock Tan revealed a fourth big customer , alongside a blowout quarter and expectations for continued AI revenue growth. During the call, Tan said he would stay as CEO until 2030 “at least.” We’re going to delve into Broadcom’s rise and what it means for Nvidia , our other chip stock. Look for our commentary on that Monday afternoon. Broadcom is now our largest weighted position, with trading on Monday above Friday’s record-high close. 4 . Stocks covered in Monday’s rapid fire at the end of the video were: Chewy , Kenvue , Robinhood Markets , Applovin Corp, and AT & T , Verizon , T-Mobile , and Canada Goose . (Jim Cramer’s Charitable Trust is long HD, AVGO. 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.
