Why we put Alphabet back in the Bullpen — plus, Cramer’s case for Nvidia in 2026
Every weekday, CNBC Investment Club with Jim Cramer hosts a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s highlights. 1. Stocks were little changed as bond yields rose after strong GDP data in the third quarter dampened expectations for future interest rate cuts from the Fed. However, Jim Cramer said that the market is not right, because when President Donald Trump appoints the Fed chief, they will take Trump’s command regarding interest rate cuts. The president has made no secret that he wants rates to be much lower. He’s putting pressure on the unyielding current Fed Chairman Jerome Powell. However, Powell’s term expires in May. Regardless of one’s personal views on the president, low rates help stocks, Jim said. 2. Jim talked about the Club adding Alphabet to our Bullpen stocks to watch list. Jim has repeatedly acknowledged that exiting the stock in late March was a mistake. However, he emphasized that he did not want to continue making a second mistake by not taking it back. “People need to be open-minded,” he said. Shares in Bullpen are names we are considering buying. Jim said he had to change his perspective on the alphabet because circumstances changed. The antitrust issue he was worried about has subsided, and with the release of Gemini 3.3, concerns about AI have disappeared. Nvidia shares opened lower Tuesday morning, and Jim said the stock “shouldn’t be down.” He argued that the monolithic nature of AI trading puts all sorts of unrelated stocks and industries, from quantum to crypto to rockets, in the same ballpark as Nvidia. This is absolutely wrong. Nvidia shares rose modestly later in the session. In his column on Sunday, Jim argued that the ongoing five-bear lawsuit against Nvidia is nonsense. Many investors think a hardware company shouldn’t be the largest company and that Nvidia shares should be lower. Why do they say this? “Because they want it to come down,” Jim said Tuesday. The only thing everyone is talking about next year will be Nvidia’s next generation Vera Rubin chip platform. He warned that “those who dismiss Nvidia as out of competition will be as mistaken as they have been since I first recommended the stock in 2009.” 4. At the end of the video, the stocks covered in Tuesday’s rapid fire were: Prologis, ServiceNow, Johnson & Johnson, Reddit, and Tyson Foods. (Jim Cramer’s Charitable Trust is long NVDA. See here for a full list of stocks.) When you subscribe 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 trading alert before buying or selling a stock in his charitable foundation’s portfolio. If Jim talked about a stock on CNBC TV, he would wait 72 hours after issuing the trading alert before executing the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, TOGETHER WITH THE DISCLAIMERS. NO CIVIL OBLIGATIONS OR DUTIES EXIST OR SHALL BE RESULTING FROM YOUR RECEIVING ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO SPECIFIC RESULT OR PROFIT CAN BE GUARANTEED.
