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 Dow was down Monday after the 30-stock average closed at a record high Friday amid a broader market rally fueled by dovish comments from Federal Reserve Chairman Jerome Powell. Wall Street sent stocks soaring on the hopes that the Fed would lower interest rates at its September meeting. “What we saw on Friday is a recognition of what would happen if there was a rate cut,” Jim Cramer said Monday. Jim added that he agreed with Friday’s market moves, except that tech was left behind. “I don’t want people to sell any of these.” 2. Nvidia is scheduled to release earnings Wednesday evening. Analysts largely expect the Club chipmaker to post another quarterly beat and guidance raise. But the question will be by how much? Management commentary about business in China will be important, too. Overall, we have little reason to be concerned about the quarter. There is no shortage of demand for Nvidia’s offerings, as seen in the boost in AI spending from our Big Tech names like Meta Platforms and Microsoft. Nvidia shares were up 1.5% on Monday. 3. Palo Alto Networks shares were roughly 1.5% on Monday, stalling out after its post-earnings run from last week. The Club name’s move lower presents an opportunity for investors, according to Jim. “You need to buy Palo Alto,” he said. “Out of the conference calls I read last week, it was the best.” It’s a great time to purchase more shares because the market’s reaction is unwarranted. Plus, the Club anticipates the stock running higher in the long run. We like Palo Alto’s planned acquisition of CyberArk . Our other cybersecurity stock, CrowdStrike reports earnings Wednesday evening. 4. Stocks covered in Monday’s rapid fire at the end of the video were: American Eagle, Keurig Dr Pepper , RH , Intel , and Okta. (Jim Cramer’s Charitable Trust is long NVDA, PANW, META, MSFT. 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.
