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. The stock market dipped Tuesday as a government shutdown loomed. Jim Cramer, however, called it a non-event, saying, “I don’t want anyone to sweat it.” He added, “If the market goes down here … you need to be a buyer.” Federal funding runs out Tuesday. If a deal on a stopgap spending measure is not reached, the government would shut down shortly after midnight. For the Club portfolio, we increased our positions in both Boeing and Costco on Tuesday morning. After the bell, our newest addition, Nike , will report earnings. We will be looking for early signs of progress in the turnaround there. 2. Capital One “could be an opportunity” as well, Jim said. The stock was down roughly 6% on Tuesday following the latest economic data showing that consumer confidence for September declined to its lowest levels since April. Capital One has the most exposure to subprime borrowers and stands to feel the impact of consumer weakness, said Jeff Marks, director of portfolio analysis for the Club. We initiated a position in the credit card issuer in March ahead of its acquisition of Discover. 3. CoreWeave shares popped more than 12% after the company announced an agreement to provide Meta Platforms with $14.2 billion AI cloud infrastructure deal. Meta has “got this success. [So], they need more compute [power],” said Jim. Meta CEO Mark Zuckerberg is saying to himself, “‘Look, if I get even more compute, I can make even more money.'”Jim added, “Meta is a terrific stock.” More computing capacity means more AI chips from Nvidia , whose stock caught a $10 price target increase to $210 from Citi. The analysts estimate that hyperscaler AI capital expenditures will rise to $490 billion in 2026, up from the prior forecast of $420 billion. 4. Stocks covered in Tuesday’s rapid fire at the end of the video were: Spotify Tech , Vail Resorts , Paychex, Jeffries Financial , and Celisus Holdings . (Jim Cramer’s Charitable Trust is long BA, COF, COST, META, NVDA, NKE. 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.
