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. U.S. stocks rose Tuesday — with the broad-based S & P 500 index hitting a new high — as solid August retail sales revealed a resilient consumer ahead of the Federal Reserve’s policy decision Wednesday. The central bank is expected to cut interest rates, but the market is divided on whether the size of the reduction will be 25 or 50 basis points. Either way, lower rates and strong consumer spending should benefit retailers. In the Club’s portfolio, “we’ve been playing the rate cut” by owning Best Buy , TJX Companies , Stanley Black & Decker , and Home Depot — companies that “will get a lift” as rates come down, Jim Cramer said Tuesday. 2. Shares of software giant Microsoft rose 1.5% Tuesday after renewing its buyback and raising its dividend. After the bell Monday, Microsoft’s board approved a new $60 billion share repurchase program, the same amount management announced three years ago, while raising its quarterly dividend by nearly 11%, in line with last year. Management also announced updates to its AI assistant Copilot, including enchancing how it works with Excel, Power Point, and Outlook. These new capabilities could push back against the narrative that the product is too expensive. 3. Monday on “Mad Money,” Jim interviewed Broadcom CEO Hock Tan, who looked to squash investor fears that the AI boom is over. The semiconductor giant keeps coming out with new iterations of large language models (LLMs) that are getting smarter. These new updates require more computing power needed to train the models. This suggests that Broadcom’s AI-driven sales are a multi-year growth story. “The stock should be up,” Jim said Tuesday, adding he came away with “a level of confidence” following the interview. Broadcom shares declined 0.8% Tuesday. “They have so much business,” Jim added, noting that orders from the hyperscalers are off the charts. 4. Stocks covered in Tuesday’s rapid fire at the end of the video: Intel , Nucor , Hewlett Packard Enterprise , Analog Devices and Shopify . (Jim Cramer’s Charitable Trust is long BBY, TJX, SWK, HD, AVGO. 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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