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. 1. The stock market is muted Tuesday following the Nasdaq’s fresh record close Monday. “I saw some stunning numbers about the lack of job creation in this market,” Jim Cramer said, referencing the Labor Department’s annual revisions to nonfarm payrolls data for the past 12 months through March. When Jim saw that job additions were revised down by 911,000 from previous reports, he said, “immediately, I thought we are in one of those moments where we are going to have three [Federal Reserve rate] cuts” this year. That means investors ought to “buy a lot of the stuff that’s going down today.” Meanwhile, investors are also anticipating the latest inflation readings, starting with Wednesday’s producer price index followed by Thursday’s consumer price index. 2. Jim is not stepping off the gas when it comes to supporting Home Depot. “Home Depot is the stock that has the most upside of our portfolio,” Jim said. The home improvement retailer has rallied lately on the optimism around anticipated Fed cuts. Jim is confident that both long-term and short-term rates will see a significant drop this go-round compared to last September when bond yields surprisingly climbed after the Fed cut rates. With lumber prices also sliding , Jim said this also signals an opportunity to load up. “Use the weakness in lumber to buy Home Depot,” Jim said. The weakness in lumber costs is actually not bad, Jim said, “provided we get the rate cuts.” 3. Club stock Nvidia is slightly higher Tuesday after a columnist for The Wall Street Journal’s Heard on the Street column said the chipmaker lost its “wow” factor. “There was never a big move [by Nvidia] that wasn’t preceded by just this kind of talk,” said Jim, though he acknowledged there’s some ongoing concern among customers about the cost of Nvidia’s technology. Separately, Nvidia CFO Colette Kress confirmed Tuesday that the chipmaker received licenses to ship made-for-China H20 chips for some of its Chinese customers, though the timing of shipments remain uncertain due to geopolitical tensions. 4. Stocks covered in Tuesday’s rapid fire at the end of the video were: Dell Technologies , Dick Sporting Goods , Nebius Group , Casey’s General Stores , and United Health Group . (Jim Cramer’s Charitable Trust is long HD, 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.
