CNBC Investing Club with Jim Cramer broadcasts “Morning Meetings” live weekdays at 10:20 a.m. ET. Below is a summary of Tuesday’s key moments. The stock market experienced a broad decline on Wednesday, with club name Nvidia fluctuating up and down with the stock unchanged. Nvidia has been surging since its stellar quarterly earnings last Wednesday, rising 20% in three sessions. Rising U.S. Treasury yields weighed on all three major stock indexes on Wednesday. The Dow was the worst affected, as it has been in recent times, dropping about 1%. The S&P 500 and Nasdaq fell about half that amount. Apple shares rose modestly on Wednesday, bucking the broader market decline. Since the surge following the May 3 earnings release, the stock has only fallen in three of the past 16 sessions. Wall Street is favoring the bullish outlook for a recovery in iPhone sales in China and an expected AI-driven iPhone and Mac upgrade cycle. Jim Cramer said the rise in Apple’s stock was “significant.” [more] The stock closed slightly higher yesterday. “That’s because all the money was flowing into Nvidia,” he added. [When] It’s done, let’s see what happens.’ The club added more shares of two portfolio stocks on Wednesday’s market weakness. Abbott Laboratories was purchased due to the stock’s over-reaction to concerns over infant formula litigation. Cotera Energy was purchased to bolster geopolitical uncertainty hedges. “To me, this is the best-run oil company in the world,” Jim said. (Jim Cramer’s charitable trust holds AAPL, NVDA, ABT, and CTRA. See the full list here.) Subscribers to Jim Cramer’s CNBC Investment Club receive trade alerts before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling shares in the charitable trust’s portfolio. If Jim talks about a stock on CNBC television, he waits 72 hours after issuing a trade alert before executing the trade. The above Investment Club information is subject to our Terms of Use and Terms of Use. Terms of Use and Privacy Policy, and our Disclaimer. The receipt of any information provided in connection with the Investment Club does not create any fiduciary duty or obligation, nor does it guarantee any particular results or benefits.
