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. The S & P 500 fell even as tensions cooled between the United States and Iran over the weekend. Jim Cramer said the market is worried about several key variables: interest rates, oil prices, and overspending by big tech companies. Of the three, portfolio director Jeff Marks pointed to tech as the biggest concern, given that the sector has driven the market’s rally in the last few years. Jim said the longer-term prospects for many companies remain intact, including Intel , which on Thursday posted a strong quarter . We view the stock’s decline, driven by worries over rising hyperscaler spending, as a buying opportunity. The Club added to our Intel position and to our stake in Honeywell Aerospace this morning. 2. Corning shares dropped nearly 5% to around $139 a piece ahead of the company’s earnings Tuesday. “The numbers should be pretty good on strong optical revenue driven by sales of hyperscalers,” said Jeff. We trimmed the position a few times last month when the stock was much higher. But considering how investors are straying from AI-related stocks and our small position, “You could argue that we should just dump the rest,” Jim said. Corning’s stock quickly climbed to a record closing high of about $255 back in June, but has since declined nearly 46%. “That’s always the danger of parabolic moves,” said Jeff. 3. Boeing , on the other hand, advanced 1% heading into its Tuesday results. Free cash flow is a key metric that investors should keep an eye on, along with details about how quickly the plane maker will be able to increase production. “If they can get more planes built, they can deliver more. And that’s positive for free cash flow,” said Jeff, citing Boeing’s extensive order backlog. “The backlog is so big that at this point it’s about fulfilling that and converting,” he added. 4. Stocks covered in Monday’s rapid fire at the end of the video were General Motors and Ford . (Jim Cramer’s Charitable Trust is long BA, GLW, INTC, and HONA. 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.
