Cramer's Morning Take: Apple 5/3/24

Jim Cramer breaks down earnings from this cybersecurity stock. 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

Carl Quintanilla and Jim Cramer discussed tech sector momentum one day after a record closing high for the Nasdaq -- and ahead of Nvidia's earnings report due out after the bellWednesday.The anchors also stayed on top of market reaction to comments from Fed GovernorChristopher Waller on rates and inflation. Also in focus: Jamie Dimon on retirement and JPMorgan Chase's succession plans, Lowe's and Macy's earnings, Michael Dell's take on AI PCs, Palo Alto slides,  Morgan Stanley analyst AdamJonas' note on Tesla, AI and "Muskonomics." Squawk on the Street Disclaimer

Cramer urges investors to stop thinking Nvidia can ‘make or break’ the stock market. 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

Carl Quintanilla and Jim Cramer explored what's ahead for the markets after a week which saw theDow close above 40,000 for the first time ever. Jim spoke about what a "virtuous cycle" means for investors.The anchors also discussed Nvidia ahead of its much-anticipated earnings report due out this week, as well as the firms raising their price targets on the stock. Also in focus: Apple reportedly slashing iPhone prices in China, Tesla's video message to investors urging them to support Elon Musk's pay package, another big week of retail earnings, JPMorgan Chase's investor day, record run for gold and copper, oil prices and the death of Iran's president. Squawk on the Street Disclaimer

Jim Cramer explains why he wants this chemical stock holding to come down more. 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

Carl Quintanilla and Jim Cramer started the show by breaking down another positive week for stocks. The Dow was on pace for its 5th straight week of gains, a day after it hit that 40k milestone for the first time ever. CNBC’s Beijing Bureau Chief, Eunice Yoon also joined the program, to discuss China pledging $42 billion in a slew of measures to support the country’s struggling property sector. After the opening bells, the desk hit Reddit shares rallying, after striking a deal with OpenAI allowing the use of its data for training AI models. Also in the mix: Take-Two slashed its bookings forecast, and announced that its new Grand Theft auto game would be released in Fall 2025.   Squawk on the Street Disclaimer 

The opening hour of CNBC’s "Squawk on the Street" with Carl Quintanilla, Jim Cramer and David Faber is broadcast each weekday from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential CEOs and greatest market minds.Squawk on the Street Disclaimer

Cramer says this mega-cap stock still faces ‘existential’ threat from AI. 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

Carl Quintanilla, Jim Cramer and David Faber began the hour by dissecting this morning's CPI print. which increased 0.3% from March. That was slightly below the Dow Jones estimate for 0.4%. The easing inflation data gave stocks a boost, with both the S&P and Nasdaq both touching record highs. On the other hand, the meme stocks moved lower in today's session, cooling off from their red hot starts to the week. Also in the mix: In an interview with Sky News, JPMorgan CEO Jamie Dimon urged the U.S. to reduce its fiscal deficit sooner rather than later, warning the issue will likely become “far more uncomfortable” if it continues to be overlooked. Squawk on the Street Disclaimer

Jim Cramer says this surging meme stock has no ‘game plan’. 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