Every 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. Wall Street was under some pressure to start off the new week after the S & P 500 posted another record-high close Friday and jumped for the third straight week. In his Sunday column, Jim Cramer wrote about never seeing a stock market that just keeps going up like this in his 42 years of investing and how to approach it. Jim remarked Monday that, on the heels of his column, maybe there are some sellers out there after all in some of the high-flying stocks like Applovin . Jim used the software provider as a metaphor for this market. On Monday, Applovin stock fell more than 15% after it was not added to the S & P 500 on Friday as many investors had hoped. But it’s still up nearly 750% year to date. 2. China pledged “moderately loose” monetary policy and “more proactive” fiscal policy next year, according to a readout from a key Communist Party meeting . Jim said that China has been promising meaningful economic stimulus for a while now. Jeff Marks, director of Club portfolio analysis, posited that China might be waiting until President-elect Donald Trump takes office and his tariff threats take shape before acting. In the back and forth with the current Biden administration about export restrictions on the fastest AI chips, China is investigating Nvidia over possible antimonopoly violations. Jim said, “I think Nvidia is fine,” but he would expect the U.S. chipmaking giant’s stock to come down some more in the coming days. Shares of Club name Nvidia were down 3% on the news. 3. As tech stocks take a breather Monday, Meta Platforms shares dropped more than 2% after another record close Friday on TikTok news. The U.S. Court of Appeals in Washington, D.C., upheld the act that requires ByteDance to divest TikTok by Jan. 19 or risk a ban in the U.S. TikTok has asked for a pause, with the deadline being one day before Trump is inaugurated. Trump had been all for a TikTok ban during his first term until he more recently changed his stance. Meta’s short-form video service Reels would be a clear beneficiary of a TikTok ban and so would Alphabet ‘s YouTube shorts. Jim said TikTok is too ingrained in American society and predicted it won’t be banned. Meta and Alphabet are also Club holdings. 4. Stocks covered in Monday’s rapid fire at the end of the video were: Bank of America , Morgan Stanley , Workday , Macy’s , Omnicom and Interpublic . (See here for a full list of the stocks in Jim Cramer’s Charitable Trust.) 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.
Nvidia snagged in U.S.-China tensions. Cramer on what to do with stock
