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. Stocks were higher across the board Monday morning, building off Friday’s record close for the S & P 500 . Throughout Monday’s meeting, Jim talked stressed the importance of investors staying focused on the fundamentals right now and not paying too much attention to all the chatter about Federal Reserve rate cuts. “What we’re really looking for if we want to help each other make money is secular growing stocks, growth stocks that can outperform the market,” he said. “If we decide to focus on the Fed, what we’re liable to miss is the great secular growing stocks.” 2. Amazon has fit that bill for years, and Jim is getting a chance to interview CEO Andy Jassy on “Mad Money” on Monday night. Jim said he’s currently planning to ask about Jassy’s initiatives to keep costs down at the company, expanding same-day delivery options for Prime members, and data center investments. “What I’m focused on is how much Amazon is going to spend,” Jim said, noting that Amazon’s capital expenditures benefit other Club names in the artificial intelligence trade, most notably Nvidia . 3. Jim said Texas Roadhouse stock is a buy. “That’s a good price to buy it at,” he said as shares traded around $188 apiece. Jim noted that the casual dining chain’s stock has come down a bit since closing at almost $200 in late May. In this current economic moment, Jim said consumers want more value and that’s what Texas Roadhouse delivers. Separately, Jim discussed Jefferies upgrade of Club name Disney to a buy rating from hold. “You and I both know that the time to buy Disney was when we were buying Disney” earlier this year, Jim said. We trimmed some Disney stock last week out of discipline, given its big move. However, Jim added, “I think Disney can run further.” (Jim Cramer’s Charitable Trust is long AMZN, NVDA, DIS and TXRH. 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.
