Every weekday, the CNBC Investment Club with Jim Cramer hosts a live “Morning Meeting” broadcast at 10:20 a.m. ET. Here's a rundown of Monday's key moments. Wall Street is down after Friday's rally in a crazy week that featured rotations in and out of the tech sector. It's a busy week ahead with a Fed meeting, 14 Club name earnings, and the government jobs report on the agenda. Among this week's earnings are Microsoft (after Tuesday's close), Meta Platforms (after Wednesday's close), and Apple and Amazon (both after Thursday's close). Jim Cramer said Monday that these are “going to be shocking situations.” Jim previewed what to expect in his Sunday column. We also completed a bunch of trades Monday morning, including a name reporting this week: Starbucks. Ahead of Apple’s earnings, Bloomberg reported that the tech giant is delaying its AI software features, which will now not be available when the new iPhone is released. Jim said anything that lengthens what is expected to be a robust device upgrade cycle is a good thing, adding that the iPhone 16, expected in September, will be just the beginning of Apple’s AI and devices. Jim also said that Apple isn’t paying as much for AI as others, as companies want to give their AI to Apple. After a nearly $500 million verdict for plaintiffs in a lawsuit over allegations about the dangers of premature baby formula, Jim called Abbott Laboratories a disaster, but the “disaster is not yet priced into” the stock. The company has lost about $30 billion in market cap since a smaller, similar verdict went against a competitor’s brand. Jim doesn't believe a verdict of this size against Abbott, which he criticized as “insane,” will stand. He advises investors to hold the stock for now. (See a complete list of the stocks in Jim Cramer's Charitable Trust here.) As a subscriber to 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 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 INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND OUR DISCLAIMER. NO FIDUCIARY OBLIGATION OR DUTY EXISTS OR IS CREATED BY VIRTUE OF YOUR RECEPTION OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO SPECIFIC RESULTS OR EARNINGS ARE GUARANTEED.
