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 muted Wall Street kicks off the week in relatively quiet fashion, with the S & P 500 and Dow Jones Industrial Average largely unchanged in Monday’s trading session. The tech-heavy Nasdaq also hovered near the flatline. The S & P 500 and Nasdaq have suffered back-to-back weekly losses, while the Dow eked out a small gain last week. The continued rise in oil prices and higher Treasury yields ahead of Wednesday’s Federal Reserve interest rate decision are two headwinds facing the market Monday. Big picture, Jim broke down Wall Street’s main fears, including the auto and housing markets, in his Sunday column . 2. Adding to Oracle We added to our position in Oracle (ORCL) on Monday now that our trading restrictions are lifted, taking advantage of the tech giant’s post-earnings sell-off. As argued last week , the reaction to Oracle’s mixed quarterly results was overdone. Oracle’s cloud-computing business continues to show plenty of momentum, and its stock trades at an undemanding valuation of roughly 20 times forward earnings estimates. 3. Apple preorders Delivery dates for the iPhone 15 suggest that demand for Apple’ s (AAPL) newest smartphone is outpacing supply, Goldman Sachs said in a note to clients Monday. Preorders for the iPhone 15 began Friday, a few days after Apple unveiled the phone along with the latest Apple Watch. Lead times for the iPhone 15 Pro and Pro Max in mainland China are some of the longest of all regions, Goldman noted. Jim also said he’s seen data showing extraordinarily long lines at Apple stores in China, another positive development given recent conflicting headlines around iPhone restrictions for government workers in the country. (Jim Cramer’s Charitable Trust is long ORCL and AAPL. 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.
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