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 higher Monday as the S & P 500 and Nasdaq looked to kick off the week on a positive note. The prior two Mondays were marked by sell-offs on DeepSeek AI fears on Jan. 27 — and then, on Feb. 3, on concerns about tariffs on Canadian and Mexican imports that President Donald Trump eventually put on pause. Within the S & P 500 on Monday, it was shaping up to be a “rotational day,” Director of Portfolio Analysis Jeff Marks said, as the financial and health-care sectors pulled back after a strong start to the year. To that end, Club names Wells Fargo and Bristol Myers Squibb were among the worst-performing portfolio stocks in the session. 2. Home Depot shares rose more than 1% after analysts at JPMorgan added the retailer’s stock to what is essentially their list of best investment ideas. The firm now projects that Home Depot’s same-store sales in the U.S. rose 1% in the three months ended in January, solidly ahead of the Wall Street consensus for a 2.4% decline. Home Depot has not reported positive same-store sales, a key retail industry metric, since the third quarter of 2022. “We’ve been waiting for this inflection,” Jeff said. We added to our Home Depot last week , due in part to our belief that it will benefit from the wildfire rebuild in Los Angeles. Home Depot is set to report fourth-quarter numbers before the opening bell Feb. 25. 3. Nvidia is one of our best-performing Club stocks Monday, up more than 3%. The advance comes after Evercore ISI added the artificial intelligence chipmaker to its “tactical outperform” list. It also builds on the stock’s robust four-day win streak that began last week as key Nvidia customers — Alphabet- owned Google and Amazon — joined Microsoft and Meta Platforms in saying they planned to spend heavily on AI-related capital expenditures this year, helping quell concerns sparked by DeepSeek. “Just a very encouraging sign” for Nvidia and the other chip stocks linked to the AI trade, Jeff said. Fellow Club AI chipmaker Broadcom also was having a strong day. We also own Microsoft, Meta, Alphabet and Amazon. By the way, a higher close for Meta on Monday would be 16 straight winning sessions. (Jim Cramer’s Charitable Trust is long BMY, WFC, HD, NVDA, MSFT, META, AMZN and GOOGL. 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.
