Jim Cramer’s CNBC Investment Club hosts a “Morning Meeting” livestream every weekday at 10:20 a.m. ET. A recap of Tuesday’s big moments. 1. Stocks opened lower on Tuesday, but quickly rebounded after rebounding from their Iran war lows on Monday following President Donald Trump’s comments that suggested the conflict could soon end. West Texas Intermediate crude oil fell 10.5% to about $85 a barrel. But Secretary of Defense Pete Hegseth said Tuesday that “today will be the most intense day of attacks on Iranian soil.” Jim Cramer said a key indicator of the end of the war schedule is the reopening of the Strait of Hormuz, a key oil passageway between Iran and the Gulf states for the world’s bulk supplies. Kramer is also monitoring the short-range oscillator, which is near oversold at -3.27% after Monday’s rally. When this market indicator reaches 5%, a selective buying opportunity may arrive. In the meantime, Jim said, “recognize that one false statement from the president can ruin everything.” 2. Nvidia, the leader in artificial intelligence chips, is in the spotlight ahead of next week’s annual GPU Tech Conference (GTC). Investors expect Nvidia to launch new hardware, including new chips for inference to train AI models. Wall Street firm Trust Inc. previewed the event in a note Monday, calling it the “Super Bowl of AI” and predicting it would likely be a positive catalyst for stock prices. Analysts expect the company to provide updated information on supply, demand, market growth, and other industry trends. They expect management to demonstrate that supply, production and demand are all aligned to support continued growth. Nvidia stock rose 1.6% on Tuesday. Demand for Nvidia’s high-quality hardware could further increase if Nvidia introduces new chips next week that are cheaper than Google’s and Amazon’s own options, Jim said. 3. Corning stock soared 7.6% on Tuesday after AT&T’s announcement that the carrier would spend $250 billion over the next five years to build out its high-speed network. Jim said Corning is “well positioned” to be a leader in fiber optic and cable manufacturing and sales. Corning has partnered with AT&T, the nation’s largest network of fiber internet and 5G wireless services, to provide fiber, cable and connectivity solutions to support the expansion of AT&T’s fiber network. Corning stock has been an outlier this year, up nearly 60% year-to-date while the broader market has been flat to negative. We maintain a Hold 2 rating and $160 price target. 4. The stocks mentioned in rapid succession Tuesday at the end of the video were AT&T, Hewlett-Packard, Qualcomm, Casey’s General, and Kohl’s. (Jim Cramer’s charitable trusts are long NVDA, GLW. See here for a complete list of stocks.) As a subscriber to Jim Cramer’s CNBC Investment Club, you will receive trade alerts before Jim makes a trade. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in his charitable trust’s portfolio. If Jim discusses a stock on CNBC, he will issue a trade alert and then wait 72 hours before executing the trade. The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.
