Every weekday, CNBC Investing Club with Jim Cramer hosts a live morning meeting at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. Stocks fell Tuesday after Monday’s strong rally, weighed down by stocks of big technology and retail companies. The S&P 500 was down 0.4%, while the Nasdaq Composite was down nearly 0.9% by mid-morning. A slew of earnings reports from retail companies have painted a mixed picture. But the market’s focus Tuesday was on disappointing forecasts from Lowe’s (LOW), Best Buy (BBY) and Kohl’s (KSS). At the same time, bond yields remained generally stable, with that of the 10-year Treasury hovering around 4.4%. And oil prices fell slightly, with West Texas Intermediate crude holding around $77 a barrel. 2. Investors continued to monitor the fallout from OpenAI’s ouster of Sam Altman, who was ousted from the AI ​​startup’s top job late last week. Since then, Altman has been named head of a new AI unit at Microsoft (MSFT) — which owns a roughly 49% stake in OpenAI — even as the startup’s employees called for his reinstatement. Amid all the drama, Salesforce (CRM) CEO Mark Benioff is trying to convince disgruntled OpenAI staff to join the enterprise software company’s AI research division. “A lot of [OpenAI] The diaspora could turn to Salesforce,” Jim Cramer said Tuesday. “It could be a great thing for Salesforce,” he added. 3. Holding club Nvidia (NVDA) is expected to report quarterly results after the bell closing Tuesday. The quarter is important, but the outlook is crucial: How far will Nvidia have to reach to satisfy the market? China remains a key theme amid tightening U.S. export restrictions on “shipping AI chips to the country. Jim said Tuesday that the crackdown raises a “long-term issue” about viability.” At the same time, Nvidia stock hit a new all-time high on Monday, raising the stakes in print. Stay tuned for a detailed analysis of the Club’s results on Tuesday evening. (Jim Cramer’s Charitable Trust has long been MSFT, CRM, NVDA. See here for a complete list of stocks.) As a subscriber to CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a transaction. Jim waits 45 minutes after a trade alert is sent before purchasing. or sell a stock in one’s charitable trust portfolio. If Jim talked about a stock on CNBC TV, he waits 72 hours after the trade alert is issued before executing the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, AS WELL AS OUR DISCLAIMER. NO OBLIGATION OR FIDUCIARY OBLIGATION EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO SPECIFIC RESULTS OR PROFITS ARE GUARANTEED.
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