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Cramer's Morning Take: Nvidia & Pool Corp 6/25/24

Jim and Jeff discuss what made Nvidia rise after a slight weekend dip & Pool Corp takes a dive as demand remains weak amid a challenging economy. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake
CNBC Investing Club Disclaimer

Duration:
4m
Broadcast on:
25 Jun 2024
Audio Format:
mp3

Jim and Jeff discuss what made Nvidia rise after a slight weekend dip & Pool Corp takes a dive as demand remains weak amid a challenging economy. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake 

CNBC Investing Club Disclaimer

Hey, Fidelity. Can I get a second opinion on stocks in the Fidelity app? With Fidelity, it's easy to get an outside opinion from independent experts in a single score. And then? When you're ready, trade US stocks and ETFs with no commissions. That's right. I am always right. Investing involves risk, including risk of loss. Sell or assessment fee not included. A limited number of ETFs are subject to a transaction-based service fee of $100. See full list at fidelity.com/commissions. Fidelity, brokerage services LLC, member, NYSE SIPC. I'm Jim Kramer, and you're about to hear a sample taken directly from today's CMC Investing Club morning meeting. Let's get started today with the market where I have to tell you, Jeff, we are still gripped with this Nvidia or bus get-rich quick scheme of many people, meaning that we have this one stock that everybody's focused on. There's four and nine other stocks. I don't feel the four and nine other stocks are getting the attention they should because of this. And you know I'm saying this as a huge fan of Nvidia. Oh, absolutely. I mean, at least we're seeing it stabilized here. You've had three nasty days of selling in a row. That's typically how long some of these rotations could last. So you are seeing some stabilization, which is good to see. A lot of other negative headlines happening today, whether it's people are viewing what Walmart said at a conference as negative. Q2 may not be as good as Q1. The UNP Union Pacific with some mixed comments as well. Home improvement stock context. I mean, you just say there's more minus than pluses. Yeah. So no matter what, even though you can ask your risk, it's cold, it's really bad. You can ask your risk and say, but no, people just look at it and just say, you know what, what am I doing here? These are slowing. And people are taking the pool corp, the cut to their outlook as a negative read through to home improvement stocks. Like Home Depot, Stanley Black and Decker, and that people aren't, you know, making improvements to their homes. Right. You know, whether it be through pool or other things. Not putting money into their homes is the way to put it. So it didn't seem like that people are trying to build a large thesis that since my home is not for sale and it's not going to be for sale any time, I don't want to put more money in it because directly it's been the opposite, just so we know. When your home's not for sale, you tend to refurbish and renovate. So the story didn't resonate right with me about pool. I'm wondering if they're telling it as it really is. Yeah, I wonder too if they saw a lot of business during the pandemic, right? A lot of people were at homes. They were building pools. Maybe it is still sort of that. I think it's very much post-pandemic. You've got a situation where people over, you know, what I like, the term I like to use is that they over-earned. Okay. They pull over-earned during this period because we've never seen anything like COVID. So now we're on the downside, everybody who thought about getting a pool bought a pool, did a pool, and now we don't have a lot of people who say, "Well, listen, you know what, I'm going to just continue." Wow, what a great time to have a pool. Maybe it's a great time to travel the numbers for travel. Remember, this discretionary purchase is what we're going to do. Are we going to do experience? Are we going to make our home better? To make our home better traders, we know from R.H. has already occurred. It's already occurred. And we went black and we are in Stanley Bock and Deckard. We can own as, as I'm just going to say on Thursday, as a great play. Start your day with my outlook on the daily market every morning at 10 20 a.m. Visit cnbc.com/morningtake to access all the benefits of being a CNBC investing club network. All opinions expressed by Jim Kramer on this podcast and in connection with the CNBC Investing Club are solely Kramer's opinions and do not reflect the opinions of CNBC, NBC Universal, or their parent company or affiliates and may have been previously disseminated by Kramer on television, radio, internet, or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Kramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment or strategy. You should be aware of the risk of loss in following any strategy or investment discussed in the content from Kramer. 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