Jim Cramer sees pockets of 'turmoil' in the market — plus, the latest on Nvidia's plans for China

CNBC

29-07-2025

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. Stocks were slightly lower Tuesday morning, giving up some of the modest gains seen earlier in the session. Even when the S & P 500 was in the green, Jim Cramer called out some "turmoil" underneath the hood of the market, particularly in the health-care sector. The biggest mover to the downside in that cohort is Novo Nordisk , with shares plunging more than 20% after the GLP-1 maker slashed its 2025 sales outlook. The company lowered growth expectations for Wegovy in the obesity market and for Ozempic in the diabetes market. Club holding Eli Lilly is down 4.3% in sympathy. We trimmed our position in the biopharma giant Tuesday to mitigate our risk ahead of Lilly's own earnings report next week. 2. Nvidia hit a 52-week high earlier in Tuesday's session on the back of a Reuters report that said the artificial intelligence leader has placed an order with Taiwan Semiconductor Manufacturing Co. for 300,000 of its made-for-China H20 chips. Earlier this month, the Trump administration reversed a ban imposed in April that prohibited sales of H20 chips to the Chinese market over national security concerns. The new orders with TSMC adds to the existing inventory of 600,000 to 700,000 H20 chips, Reuters reported. Elsewhere, fellow chipmakers Advanced Micro Devices and Club holding Broadcom were solidly higher, as earnings from the likes of Cadence Design Systems cast a positive due on the broader AI trade. 3. Coffee giant Starbucks reports its third quarter of fiscal 2025 after the bell Tuesday. We're hoping to see a boost in same-store sales in the locations where turnaround artist CEO Brian Niccol has rolled out his "Green Apron Service" model, a strategy aimed at enhancing the customer experience. We'd also like to see how the company's labor investments are helping business operations and what the plans for its growth China business. Jim said he's "still not expecting big stuff" this quarter given the company is still in the early stages of the turnaround . Starbucks shares, which have trailed the market this year, were down nearly 1% Tuesday. 4. Stocks covered in Tuesday's rapid fire at the end of the video were: Boeing , United Health , Procter & Gamble , Merck , and Cadence Design Systems. (Jim Cramer's Charitable Trust is long LLY, NVDA, SBUX. 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.