The Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.
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. The market is in a position where stocks rise with better-than-expected earnings but drop sharply on mediocre results. This can be seen with Stanley Black & Decker versus Procter & Gamble Tuesday morning. Shares of SWK rallied 7.
Nvidia's earnings have soared due to high demand for its advanced chips from major tech firms like Meta , Alphabet , Amazon and Microsoft which are in the early phases of AI development and deployment. "What you're having here is a collapse of the multiple," Jim said of Nvidia stock. This is creating a favorable set up for investors who don't own Nvidia yet to start a position. Starbucks will report its third-quarter results after the closing bell Tuesday.
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