Every weekday, Jim Kramer hosts a live stream of “Morning Meeting,” starting at 10:20 AM. Here’s a quick overview of the key updates from Tuesday.
1. Stocks dipped slightly on Tuesday morning, pulling back from some earlier gains. Even with the S&P 500 briefly in positive territory, Jim Kramer noted a troubling “disturbance” behind the scenes, particularly in the healthcare sector. Novo Nordisk was the most significant loser, with its stock dropping over 20% after GLP-1 manufacturers revised their sales outlook for 2025 downward. The company adjusted growth expectations for both Wegovy in the obesity market and Ozempic in the diabetes sector. For clubs invested in Eli Lilly, shares also fell by 4.3%. Kramer took this opportunity to reassess his position in the biopharma giant, aiming to reduce risk ahead of the company’s earnings report next week.
2. Earlier in the session, a report from Reuters highlighted that Nvidia, a leader in AI, placed an order for 300,000 H20 chips from Taiwan Semiconductor Manufacturing Co. This was significant following the Trump administration’s recent reversal of a sales ban for these chips to China, which had been imposed earlier in the year due to national security concerns. The new orders are set to complement an existing inventory of around 600,000 to 700,000 H20 chips, according to Reuters. Additionally, revenue from companies like Cadence Design Systems has seen a boost from broader AI market activity, benefiting other chipmakers that are part of Kramer’s clubs.
3. Coffee giant Starbucks is expected to report its third-quarter results for fiscal year 2025 after the market closes on Tuesday. There’s hope that same-store sales will improve, especially with CEO Brian Niccol’s “Green Apron Services” initiative aimed at enhancing the customer experience. Investors are also curious about how the company’s investments in labor are impacting its operations and what strategies are in place for its growth in China. However, Jim commented that there doesn’t appear to be anything significant happening yet, given that the company’s turnaround is still in its early days. Starbucks shares dipped nearly 1% on Tuesday.
4. Finally, during a rapid-fire segment at the end of the video, stocks discussed included Boeing, United Health, Procter & Gamble, Merck, and Cadence Design Systems. Jim Kramer’s charitable trusts have historically included NVDA and SBUX. As a member of the CNBC Investment Club with Jim Kramer, you will receive alerts before he makes any trades. He typically waits 45 minutes after sending a trade alert before buying or selling stocks in the Charitable Trust portfolio. If he discusses stocks on CNBC, there’s a 72-hour waiting period before executing any trades related to those alerts. Any information provided through the Investment Club is subject to terms and conditions, with no guarantees of specific outcomes or benefits.
