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 S & P 500 was lower Monday on the heels of a 4.5% rally last week. The index entered Monday down around 2.5% since the announcement of President Donald Trump’s “reciprocal” tariffs on April 2. The S & P 500 had been roughly flat during the Morning Meeting. “We’re not getting the worst,” Jim Cramer said at the time. Investors probably feel that we should pay more attention to earnings, which so far are “not bad,” he said. A busy week of Big Tech earnings awaits. Meanwhile, Treasury Secretary Scott Bessent said on CNBC’s “Squawk Box” that he believes it’s on China to de-escalate trade tensions. India might be the first nation to sign a new trade deal, he said. 2 . The Club is keeping a close eye on recent Bullpen addition GE Vernova as the world’s need for power increases, in part due to artificial intelligence. The company makes wind and gas turbines used in the power generation process; it also has a nuclear business. “We’re thinking about buying some GE Vernova,” Jim acknowledged during Monday’s meeting. In addition to increased power theme, Jim said the company could also benefit from Trump’s efforts to narrow bilateral trade deficits with countries. “We will now be in a situation where, if you want to get equal in terms of your trade deficit with us, you can either buy Boeing planes or you can buy GE Vernova turbines.” While GE Vernova shares are well below their all-time high set in January, the stock is still up more than 10% year to date. Boeing also is in our Bullpen. 3. Eli Lilly got hit with a double downgrade at HSBC, with analysts taking their rating to a sell-equivalent from buy. Too much optimism is priced into the company’s stock, analysts argued in a note to clients Monday. The uncertain economic outlook could impact the adoption of GLP-1s, analysts said. HSBC analysts also believe that stocks with higher price-to-earnings multiples are more at risk in the current economic environment. “They bring up some fair points,” particularly on the economy and high-multiple stocks, said Jeff Marks, director of portfolio analysis for the Club. However, Jeff countered by saying that the drugmaker’s recent positive trial data for oral GLP-1 orforglipron is important. Jim agreed, adding that a pill could be more popular than the current injectable GLP-1s. Eli Lilly’s next earnings report is on Thursday before the opening bell. 4. Stocks covered in Monday’s rapid fire at the end of the video were: Domino’s Pizza , On Holding , and Boeing . (Jim Cramer’s Charitable Trust is long LLY . 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.
