Why we put Alphabet back in the Bullpen — plus, Cramer’s case for Nvidia in 2026
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. Stocks were little changed as bond yields rose after a strong third-quarter GDP reading dampened expectations for future Fed interest rate cuts. However, Jim Cramer said the market is not right because once President Donald Trump gets his Fed chief in place, they will be at Trump’s behest to cut rates. The president has made no secret that he wants rates way lower. He’s been pressuring current Fed Chair Jerome Powell , who has not buckled. Powell’s term, however, is up in May. Jim said that regardless of one’s own personal views of the president, lower rates help stocks. 2. Jim talked about the Club adding Alphabet back to our Bullpen stocks to watch list . Jim has acknowledged repeatedly that it was a mistake to exit the stock in late March. But he stressed that he does not want to continue to make a second mistake by not buying it back. “People must be open-minded,” he said. Stocks in the Bullpen are names we are considering buying. Jim said he had to change his view on Alphabet because conditions changed. The antitrust overhang he was concerned with has subsided, and worries about AI were put to rest with the launch of Gemini 3. 3. Shares of Nvidia opened lower Tuesday morning, and Jim said the stock “should not be down.” He argued that the monolithic nature of the AI trade lumps all kinds of unrelated stocks and industries from quantum to crypto to rockets in with Nvidia. That’s plain wrong. Nvidia shares turned modestly higher later in the session. In his Sunday column , Jim argued that five prevailing bear cases against Nvidia are nonsense. Many investors think that a hardware company just shouldn’t be the biggest company, and Nvidia stock should be lower. Why do they say that? Jim said Tuesday, “It’s because they want it down.” Next year, Nvidia’s next-generation Vera Rubin chip platform will be all anyone talks about. He warned that “people who sold Nvidia off the competition are going to once again be as wrong as they have been since I first recommended the stock in 2009.” 4. Stocks covered in Tuesday’s rapid fire at the end of the video were: Prologis , ServiceNow , Johnson & Johnson , Reddit , and Tyson Foods . (Jim Cramer’s Charitable Trust is long 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.
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