Key Moments from Monday’s CNBC Investment Club
Every weekday, the CNBC Investment Club with Jim Cramer hosts a live stream called “Morning Meeting” at 10:20 am. Here are some highlights from Monday’s session.
1. S&P 500’s Exceptional Start
The S&P 500 experienced its best Monday ever as traders reacted positively to President Donald Trump’s announcement that trade discussions with China are “going very well.” Treasury Secretary Scott Bescent noted that both sides have established a “framework” deal involving Tiktok. Investors are also anticipating expected rate cuts from the Federal Reserve on Wednesday. Additionally, the tech sector showed strong performance on Monday, benefiting some members as they considered reducing their large stake in Broadcom, which has seen significant gains since its earnings report earlier this month.
2. Nvidia Faces Antitrust Allegations
Nvidia’s shares remained stable despite accusations from China regarding potential antitrust violations. Jim Cramer expressed optimism about possible progress in negotiations with China, indicating that he isn’t overly concerned about the investigation. Chinese regulators allege that Nvidia’s 2020 acquisition of Israeli tech firm Mellanox breaches their antitrust laws. Cramer believes China’s actions are driven by political motivations. Last month, Nvidia adjusted its contracts with the US government, allowing for some chip exports to China. “I hope this company figures into a larger agreement in trade discussions,” he commented.
3. Encouragement to Buy Boeing
On Monday, Cramer advised the club to increase their Boeing holdings, acknowledging that the club initiated positions in the aircraft manufacturer on September 8 and added shares recently. Despite a drop of about 5.8% in Boeing’s stock since the initial investment due to delays in certifying the new 777X jets, Cramer sees this as an opportunity to invest more. “I really want to hit the Boeing table,” he stated.
4. Rapid Stock Mentions
During a quick-fire segment, stocks mentioned included Tesla Inc., VF Corp., CoreWeave, Union Pacific, and Builders FirstSource. For subscribers to Cramer’s charitable trust, trade alerts are sent out before any trades are executed. Cramer waits 45 minutes after a trade alert before making transactions, and 72 hours if the stock is discussed on CNBC TV.
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