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 Tuesday’s key moments. 1. The S & P 500 on Tuesday fell from record highs in the prior session. A hotter-than-expected April consumer price index and a spike in oil and bond yields pressured stocks. Jim Cramer said the current reversal driving artificial intelligence related stocks lower and laggards higher is necessary. “At the same time, I want to caution people, this is Day 1 of a decline of the hottest stocks I’ve ever seen,” Jim added, drawing attention to Tuesday’s 8% decline in Corning . The Club stock, however, is still up roughly 115% year to date. 2. Home Depot has been a tough stock to own in the midst of an elevated interest rate environment. But, Jim is still championing Home Depot over Lowe’s , which was upgraded to a buy at Citi, ahead of earnings next week (May 20, Wednesday morning). Citi also has a buy on Home Depot, which reports earnings a day earlier than its rival. Jim touts Home Depot as one of the “fine American companies” being held back by rates.He has long said that lower rates are needed to boost the kind of housing market activity that drives home improvement stocks. 3. Nvidia shares slipped from a fresh intraday high ahead of earnings next week (May 20, Wednesday evening). Wells Fargo analysts raised its Nvidia price target to $325 a piece from $265, citing Nvidia’s $1 trillion Blackwell and Rubin pipeline through 2027. Jim expressed disappointment that Nvidia CEO Jensen Huang won’t be on President Donald Trump’s visit to China this week, as he thinks the company’s chips are the most important thing the president could offer. Nonetheless, Jim recommends investors stick with Nvidia: “I would not dump the stock just because it’s turning around and going down after being up earlier.” 4. Stocks covered in Tuesday’s rapid fire at the end of the video were: FedEx , On Holding , Under Armour , Lowe’s , and eBay . (Jim Cramer’s Charitable Trust is long HD, GLW, and NVDA. 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.
