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 are rallying Tuesday after the October consumer price index (CPI) came in cooler than expected, increasing expectations that the Federal Reserve is done raising rates. This is great news for our stocks. “We’ve been big fans of what [Fed Chair] Jay Powell is doing and staying the course and our portfolio reflects that,” Jim Cramer said Tuesday. Treasury yields fell sharply, with the 10-Year dropping below 4.5%, its lowest level since late September. In addition, the dollar index fell to its lowest level in several weeks, which helps multinationals like Procter & Gamble (PG) that benefit from the weaker dollar. Jim Cramer says PG is a buy here . 2. Other names in the portfolio should get a boost from the end of the hiking cycle. Stocks tied to housing like Stanley Black & Decker (SWK). Ford (F) as auto loan rates come down. High-multiple stocks in software and chips that should see PE expansion. Morgan Stanley should get a lift as investment banking activity returns. In the company’s post-earnings call in October CEO James Gorman said: “The minute you see the Fed indicate they’ve stopped raising rates, the M & A and underwriting calendar will explode because there is enormous pent-up activity.” 3. Nvidia (NVDA) is on pace to notch its 10th consecutive session of gains, its longest streak since December 2016. Morgan Stanley raised its revenue estimates for the January quarter by about $1.5 billion and fiscal year 2025 by nearly $6 billion. The analyst says the data center supply chain continues to ramp rapidly. Shares of NVDA are up more than 2% this morning. “They’re basically making gold, and gold is in short supply,” Jim said. 4. Club holding TJX Companies (TJX) reports third-quarter earnings Wednesday before the bell. Off-price should be one of the few groups in retail that is thriving right now because they offer quality merchandise at discount prices. We’re expecting continued strength in Homegoods, MarMaxx, and hope to get some guidance from management if marketplace still favorable for TJX. (Jim Cramer’s Charitable Trust is long PG, F, SWK, MS, TJX. 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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