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 and Nasdaq each surged Monday on the back of Alphabet ‘s gains and expectations for a third Fed interest rate in 2025. Shares of the Google parent jumped more than 4% on excitement about the launch of Gemini 3, which also sparked debate about whether it is superior to OpenAI’s ChatGPT. Jim Cramer said, “The rate cut story is really behind a lot of these moves” as well. After Friday’s comments from New York Fed President John Williams opened the door back up to a December rate cut, the market is putting 77% odds of a 25 basis-point reduction, according to the CME FedWatch Tool. Investors are “back to traditional growth that doesn’t need the consumer,” Jim said. “That means tech.” 2. Club stock Nvidia rose nearly 2% on Monday after Commerce Secretary Howard Lutnick said the White House is considering approving Nvidia to sell its H200 chips in China. “That kind of decision sits right on the desk of [President] Donald Trump ,” Lutnick told Bloomberg on Monday morning. The Commerce secretary said Trump is still weighing all sides of the matter. “I’m not saying that Nvidia should be bought right here. I need to see something,” said Jim. “If it’s China, the stock will skyrocket.” 3. Novo Nordisk shares sank more than 6% after the company’s trial to determine whether its GLP-1 active ingredient semaglutide would slow Alzheimer’s missed the mark. Club stock Eli Lilly , a GLP-1 competitor, was modestly higher Monday after taking a small hit earlier in the session on Novo news. Lilly became the first healthcare company to hit a $1trillion market cap last week. Bernstein raised its Eli Lilly price target to $1,300 from $1,100. Analysts expect Lilly’s new oral GLP-1 to beat its $550 million revenue expectations next year. Morgan Stanley hiked its Lilly price target as well. 4 . Stocks covered in Monday’s rapid fire at the end of the video were: Merck , Carvana , Booking Holdings , and Cummins . (Jim Cramer’s Charitable Trust is long NVDA, 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.
