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 Monday’s key moments. 1. The stock market is starting the week relatively flat following Friday’s rally due to a solid jobs report. Investors are awaiting trade news updates as American and Chinese officials gather in London . The flow of rare earth minerals out of China is a big focus of the talks. Within the stock market Monday, Jim Cramer said the action is interesting. “What I’m seeing is a kind of a very bizarre rotation. … A lot of stocks that have been laggards like Texas Instruments are really taking off,” Jim said. Meanwhile, stocks that had been certified winners are headed down. The rotation is “very daunting for people because you’re buying lesser quality and selling high quality,” Jim said. 2. Club name Starbucks has been on the recovering end lately, climbing nearly 7% last week and adding modest gains in Monday’s session. In its latest move to navigate the competitive Chinese market, the company is cutting prices on non-coffee beverages in the country. The latest strategy is part of the coffee chain’s campaign to win customers over during the summer. “It helps the story that they’re doing some discounting,” Jim said. It’s no secret that Starbucks has had some difficulties in the region and has been looking for a strategic partner for its operations there. “I think [a partnership] would be well received by the market,” said Jeff Marks, director of portfolio analysis for the Club. 3. It’s a different story for portfolio name Broadcom , which closed 5% lower Friday after reporting earnings Thursday and is taking another hit Monday. Jim reminded members that on Friday he advised to hold off on buying into the stock’s sell-off. “I said today’s the day you buy,” he said Monday. The company reported a strong quarter with AI revenue rising 46% year over year. Marks said the only real issue was the stock came into the print red hot, so it fell victim to high expectations, leading to the drop. However, the semiconductor manufacturer did see price targets raised at several firms Monday, including at Barclays, which went to $265 a share, up from $215. 4 . Stocks covered in Monday’s rapid fire at the end of the video were: Warner Bros Discovery , Tesla , General Mills , and Conagra Brands . (Jim Cramer’s Charitable Trust is long AVGO, SBUX . 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.
