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. Wall Street has come off Monday’s highs, which were driven by Fed Governor Michelle Bowman saying she could envision an interest cut as early as the July meeting. Fed Governor Christopher Waller told CNBC on Friday he also thinks the Fed could consider cutting next month . Rates were getting more attention in the market Monday than the U.S. bombing Iranian nuclear sites over the weekend. “I’m not saying [Iran] is a sideshow. But holy cow, it did not drive the [futures] market last night, and it did drive the morning this morning,” Jim Cramer said. Monday’s moves are about the possibility of a rate cut, he added. 2. Apple has held internal talks about buying AI startup Perplexity, according to Bloomberg. The story makes it clear that Apple has not made any offer and has not talked to Perplexity management. Jim said, “Apple seems to be dead set against any acquisition. That seems a foolish status.” Instead, Apple keeps buying back stock, but that is “no longer what the market wants,” Jim stressed. “The market wants growth, so you have to buy growth,” he added. 3. Cowen raised its TJX price target to $145 per share from $137. “We hosted TJX management for meetings and left incrementally more confident in the setup for FY26 and FY27,” the analysts said. Shares of the off-price retailer behind T.J. Maxx, Marshalls, and HomeGoods have not done much lately, drifting to the low $120s. After reading the Cowen note, Jim said he views TJX as an “opportunity to buy.” Jim also said that with Wednesday’s Monthly Meeting coming up, he puts TJX and Capital One as the top two Club stocks to buy. 4. Stocks covered in Monday’s rapid fire at the end of the video were Estee Lauder , Dow Inc. , Advanced Micro Devices , Novo Nordisk , Amgen , and Club name Eli Lilly . (See here for a full list of the stocks in Jim Cramer’s Charitable Trust.) 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.
