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. 1. The S & P 500 and Nasdaq Composite jumped to document highs Tuesday following July’s shopper value index report, which confirmed that headline inflation accelerated lower than anticipated. “I don’t think the numbers are as reliable as they used to be,” stated Jim Cramer, referring to current adjustments in the means that knowledge for the CPI report is compiled, reminiscent of the elevated reliance on much less exact strategies. We first coated a few of these again in June after a report on staffing shortages at the Bureau of Labor Statistics. Nevertheless, the market was now pricing in roughly 94% odds of a quarter-point charge reduce at the Federal Reserve’s September coverage, based on the CME’s FedWatch device. A day in the past, the odds had been at 86%. 2. Nvidia is in the headlines as soon as once more. After President Donald Trump on Monday hinted at one other potential deal to let Nvidia promote a downgraded model of its Blackwell chips to China, on Tuesday we noticed extra tales about Beijing telling firms in the nation to keep away from utilizing Nvidia’s H20 chips because of nationwide safety issues. Jim famous that Nvidia has pushed again towards claims that its chips have “backdoors” that may permit distant entry to regulate them. The replace out of Beijing comes just a day after it was introduced that, in alternate for U.S. export licenses, each Nvidia and rival Advanced Micro Devices would give the U.S. authorities a 15% reduce of chip gross sales to China. Nvidia CEO Jensen Huang “has been an amazing diplomat so maybe he could kind of cool tensions on both sides,” stated Jeff Marks, director of portfolio evaluation for the Club. 3. Club identify Palo Alto Networks was upgraded to a buy-equivalent score at Piper Sandler. Analysts based mostly their view on early success in the cybersecurity supplier’s “platformization” technique that will assist drive wholesome topline progress in the future. Free money circulation headwinds for the firm are additionally subsiding, based on the analysts, who raised their value goal to $225 a share from $200. They additionally argued the CyberArk acquisition is a high-quality asset that will assist fill a massive hole in Palo Alto’s portfolio. While the stock has been punished since its curiosity in CyberArk was first reported, we really useful shopping for the weak point on a number of events and eventually had been in a position to take action Monday. Jim stated it is unsuitable to recommend that Palo Alto was shopping for CyberArk as a result of its present enterprise was falling aside. 4. Stocks coated in Tuesday’s speedy fireplace at the finish of the video had been: Cardinal Health , Chipotle Mexican Group , Circle Internet Group , On Holding AG , and Five Below . (Jim Cramer’s Charitable Trust is lengthy NVDA, PANW . See right here for a full record of the shares.) As a subscriber to the CNBC Investing Club with Jim Cramer, you’ll obtain a commerce alert earlier than Jim makes a commerce. Jim waits 45 minutes after sending a commerce alert earlier than shopping for or promoting a stock in his charitable belief’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the commerce alert earlier than executing the commerce. 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.