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. Stocks are surging Monday, rebounding for a second session as the market continues to stabilize following Thursday’s intense sell-off. Lots of tech strength. Club names Meta Platforms , Amazon , Microsoft , and Alphabet all advanced. Nvidia is an exception, with shares falling over 6%. The move follows Sunday’s stunning news that Nvidia’s board is investigating CEO Jensen Huang over his affair with Megaspeed’s Alice Huang (no relation), whom U.S. intelligence agencies suspect of being a Chinese spy. “The Nvidia situation is fraught, and we have to be preparing for an Nvidia without Jensen Huang,” Jim Cramer said during the Morning Meeting. “They do have many people who are not that well known who could be running the company. But we know that their chips are still incredibly valuable.” Jim explained his views on the Nvidia situation in-depth in his Sunday column . 2. Despite the resiliency of the hyperscalers due to their AI compute moat, Jim is still worried about Alphabet due to the threat of artificial intelligence to its traditional search business. While acknowledging that Alphabet has other growth drivers, including its fast-growing cloud business, YouTube, and Waymo, Jim is uncertain that those businesses can offset the pressure on search. “Do I want to sell it knowing that everybody knows there’s a problem?” Jim asked. “That’s a very legitimate question.” Still, he is reluctant to sell, arguing that its discounted valuation may already reflect these concerns. 3. We trimmed shares of Eaton earlier Monday as we continued to lighten our exposure to data center- related stocks. Jim said he is “very cognizant that people feel that we have too much data center,” and agrees with the sentiment. During Friday’s Annual Meeting for Club members, Jim shared plans to keep reducing exposure due to concerns about a slowdown following last Tuesday’s midterm elections. As Jim talked about in the meeting, we went ahead and initiated a position in Constellation Brands , the beer and liquor company best known for popular Mexican imports like Modelo, Corona and Pacifico. (Jim Cramer’s Charitable Trust is long META, GOOGL, MSFT, AMZN, and ETN. 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