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 Mondays’ key moments. 1. U.S. stocks were mixed Monday as markets regrouped after last week’s losses. Gains were concentrated in the tech sector. The Nasdaq shot up more than 1% after the opening bell. Major winners in the group included Nvidia , which hit an all-time high early Monday. Amazon and Apple shares bounced and pushed the Nasdaq higher, too. The S & P 500 was up modestly while the Dow Jones Industrial Average edged a bit lower. 2. Wall Street analysts came to Apple’s defense after a series of new year downgrades . Evercore ISI told clients to buy last week’s dip in a new research note. Morgan Stanley analysts also said to stick with Apple on generative artificial intelligence efforts. To be sure, the Club trimmed positions in our Magnificent Seven positions (we own all of them except Tesla ) and others last week, including a small sale of Apple after last year’s rally outsized the position relative to the rest of our portfolio. We remain bullish on Apple because of its solid underlying fundamentals and growth prospects. 3. Big banks will begin to report quarterly earnings this week. Wells Fargo is slated to post fiscal results on Friday. Baird downgraded the Club name to neutral from buy ahead of the release. Analysts said the risk/reward for Wells Fargo is more balanced after the stock’s recent run-up. We feel the same way heading into the release, preferring to see expectations low rather than high. (Jim Cramer’s Charitable Trust is long NVDA, AMZN AAPL, WFC. 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.
