Naughty Flicks

Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenuEvery 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 Nasdaq started the week with a fresh record high as investors kept watch on U.S. Treasury yields and digested new U.S. economic data. The S & P 500 was only modestly higher. France’s Schneider Electric agreed to buy U.S. software firm PTC in a $22.6 billion deal, with Morgan Stanley and Club holding Goldman Sachs serv ing as financial advisers on the transaction. These kinds of deals “do matter” for the banking industry, Jim Cramer said, especially after a prolonged slowdown in M & A activity. 2. Jim said he’s keeping a close eye on how Nvidia trades in the coming days and weeks, as the chipmaker begins to execute on its expanded $235 billion stock buyback program. Jim is especially focused on the final hour of trading each day, when volume picks up into the 4:00 p.m. ET close. During that period, zero-day options, which expire that same day, can contribute to outsized swings in the stock as traders adjust their positions. “They [Nvidia] have to stay there. They can’t walk away at 3:20 and have the sellers come in,” Jim said. “What people have to recognize when you’re doing a buyback is it can’t be episodic.” Nvidia has to use its buyback firepower when selling pressure is at its greatest, he added. In other words, an orderly and well-executed buyback program can absorb some of that late-day selling. Jim’s comments came after Nvidia touched a fresh intraday all-time high on Friday but lost steam throughout the session, missing a record close. The stock is up over 1% Monday and pacing for a new record close. 3. Following up on his Sunday Column , Jim reiterated a few Club stocks that he wants to buy, starting with Home Depot . Jim argued that if the Federal Reserve leaves rates unchanged this month, long-term Treasury yields could fall in response, sending mortgage rates lower and giving the stock a much-needed catalyst. Another buy is Boeing , which just landed a new contract with the Navy, averted an employee strike, and had the FAA say its software glitch doesn’t pose a safety threat. Jim had been waiting for clarity on the latter two issues before recommending investors buy the stock. Johnson & Johnson wasn’t on Sunday’s shopping list, but Jim likes it. “I would buy some J & J if I did not own it right now.” The drugmaker reports earnings next Tuesday, Oct.13. 4. Stocks covered in Monday’s rapid fire at the end of the video were: Est é e Lauder, SpaceX , Texas Roadhouse , DraftKings , and Bristol-Myers Squibb . (Jim Cramer’s Charitable Trust is long HD, JNJ, GS, and BA. 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.Read More