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. Oil up, bond yields up, stocks down. Jim Cramer said Monday that the market action lately has been as simple as that. The S & P 500 and the Nasdaq fell after winning weeks for each . The market is still oversold, according to the S & P Short Range Oscillator . It’s been that way since Sept. 10. While it’s not happening so far Monday, Jim said oversold conditions like this can lead to market bounces. Club name Meta Platforms , which has been on fire since the Muse personal AI agent release earlier this month, was taking a breather. The Club stock was down 4% despite news that MongoDB CEO CJ Desai was hired to lead Meta’s new enterprise platform. MongoDB shares were getting crushed, down nearly 20%. 2. Nvidia shares rose more than 2%, inching closer to the all-time high above $236 set back in May. Monday’s moves were on two bits of news. First, a much bigger stock buyback that Jim has been calling for — $150 billion on top of the $85 billion already authorized. “I know they listened,” he said. Second, Nvidia announced what it calls the Open Agent Safety Platform to keep AI models from escaping their controlled testing environments. Fellow Club names CrowdStrike and Palo Alto Networks are among the dozens and dozens of partners in the effort. Nvidia and our cyber companies see no reason to coordinate a slowdown in cutting-edge AI model development, as Anthropic CEO Dario Amodei called for in his white paper a few weeks ago. 3. Club stock Boeing was taking it on the chin again, down roughly 4.5% on news that the plane maker has identified a 737 Max software glitch that could impact the jets’ automated navigation feature. The software can be reverted to an earlier version. Analysts defended the stock, and Jim agreed that Monday’s decline was an overreaction. However, Jim added that he can’t rationalize buying more Boeing shares at current prices of around $190 per share. Further drops toward $180 might be an interesting level to add to step in, he said. 4. Stocks covered in Monday’s rapid fire at the end of the video were PepsiCo , which got an analyst downgrade, and Club name Eli Lilly , which got another price target bump ahead of next month’s earnings. (Jim Cramer’s Charitable Trust is long NVDA, CRWD, PANW, 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.Read More