Every weekday, CNBC’s Investment Club has a morning session live with Jim Cramer at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. U.S. stocks were choppy in mid-morning trading Tuesday, with stocks set to end losses for a third straight month. The S&P 500 and Nasdaq Composite both fluctuated between losses and small gains. Jim Cramer said there is currently a “discontinuity” in the market, but added, “This too shall pass.” According to the S&P 500 Short Range Oscillator, the market continues to sell higher, at -6.03%. Meanwhile, bond yields retreated slightly ahead of a decision from the Federal Reserve on Wednesday on whether to raise interest rates further. The 10-year Treasury yield was slightly above 4.8 percent. West Texas Intermediate (WTI) crude oil prices rose 0.85% to $83 per barrel. 2. Caterpillar Holdings Inc. ( CAT ) reported strong quarterly results on Tuesday, even as investor concerns about its lag and margins peaked, sending shares down nearly 6 percent to around $227.60. But Jim said the decline could be a buying opportunity. “I want to buy some CAT when it hits $225,” he said on Tuesday. Meanwhile, club name GE HealthCare Technologies ( GEHC ) also reported solid quarterly earnings on Tuesday, sending shares up nearly 7 percent to $67.54 apiece. “This stock is worth at least $70,” Jim said, urging investors not to sell. Stay tuned for the club’s detailed analysis of both earnings reports later on Tuesday. 3. The Wall Street Journal reported Tuesday that new U.S. restrictions on chip exports to China could cancel billions of dollars in future orders from Nvidia Holdings Inc. (NVDA). An Nvidia spokeswoman said the AI chipmaker was working to allocate the chips to customers in the United States and around the world, while reiterating that export controls would not have a significant impact in the short term. Jim said on Tuesday that there is so much demand in the US from mega-cap tech companies that Nvidia could take a hit. (Jim Cramer’s Charitable Trust is long CAT, GEHC, NVDA. See here for a full list of stocks.) As a CNBC Investing Club subscriber with Jim Cramer, you’ll receive a trade alert before Jim makes a trade. After sending a trade alert, Jim waits 45 minutes before buying or selling stocks in his mutual fund portfolio. If Jim has discussed a stock on CNBC, he waits 72 hours after issuing a trade alert before placing a trade. The above investment club information is subject to our terms and conditions and privacy policy along with our disclaimer. No obligation or fiduciary duty exists or is created by reason of receipt of the information provided in connection with the Investor Club. No specific results or profits are guaranteed.
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