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 jumped Monday as Wall Street built off a strong rally in Friday’s session. The advance for stocks comes despite higher bond yields, with the yield on the benchmark 10-year Treasury trading above 4.6%. Three bond auctions this week are something to monitor. “[Bonds] had been in control,” Jim Cramer said. “Suddenly what’s in control is the animal spirits that we’re seeing once again with AI, with Nvidia … and even Palantir , which I talked about in a think piece this Sunday .” 2. Better-than-expected quarterly numbers from artificial intelligence server maker Foxconn helped fuel the move in AI stocks Monday. Nvidia was up about 5% and on track to close at a record high, though anticipation for CEO Jensen Huang’s keynote address at the CES conference Monday night may also be supporting the stock. Nevertheless, Foxconn’s results are rightfully having a positive impact on shares of companies whose chips go into its servers, Jim said, pushing back on the notion that investors anticipated such strong numbers. “There is no knowledge that that was going to be so good. That’s just nonsense,” Jim said. 3. Constellation Brands is another strong Club performer Monday, adding roughly 2%. Investors are grappling with some conflicting information around President-elect Donald Trump’s proposed higher tariffs on imports to the U.S., which include all of Constellation’s made-in-Mexico beers including Modelo and Corona. A report in The Washington Post said the steeper levies may end up applying to critical imports rather than a universal application. However, Trump later refuted the news report in a post on the social media site Truth Social. Jim reiterated his view that it would be “silly” to subject Constellation to higher tariffs in part because it would raise the price of beer for consumers at a time when backlash to inflation helped Trump win the November presidential election. We added to our Constellation position last week. 4. Stocks covered in Monday’s rapid fire at the end of the video were: T-Mobile , Hewlett Packard Enterprise , Paychex , Shopify , and American Airlines . (Jim Cramer’s Charitable Trust is long NVDA and STZ. 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.
Cramer says ‘animal spirits’ for AI stocks have returned — plus, what’s behind Constellation’s pop