Cramer's Morning Take: Tech Stocks 3/4/25

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Jim Cramer (1:01)

I'm Jim Cramer, and you're about to hear a sample taken directly from today's CNBC Investing Club Morning Meeting.

Jeff Marks (1:09)

Why don't we move to tech? I think that's an important story. Obviously, NVIDIA down big yesterday.

Jim Cramer (1:14)

Let me just talk about NVIDIA for a second. So I was in Florida visiting my wife, and when I'm in an airport or I'm on a plane, people ask me about stocks, and I love that. And I counted five people asking about NVIDIA, and they owned a lot, and I asked them what NVIDIA does, and no one could tell me. So I said, if you can't tell me what NVIDIA does, you should sell NVIDIA. Because what will happen is this stock will go to 90, and you will sell it there when I want to buy it. And I said that to everybody, and no one wanted to hear it. But that's not what we do in the club. We speak truth. And if you don't know what NVIDIA does, even our club members, and you're in it, please learn it. Because what will happen when it goes much lower, appreciably lower, which it certainly could, you won't buy it, you'll sell it. And I can't have that. That's not what I want.

Jeff Marks (2:10)

Yeah. We do have some other Mag 7 stocks trying to make a stand. Apple being one. Which we don't know.

Jim Cramer (2:15)

We think it might be some sort of exemption on our side.

Jeff Marks (2:18)

Well, they did make that big commitment to expand manufacturing here. Alphabet is hanging in there.

Jim Cramer (2:26)

I spoke this morning about blowing out of Alphabet. Why? Because I want a capital. But then, Jeff reminded me, we have a lot of capital.

Jeff Marks (2:33)

We have a lot of cash.

Jim Cramer (2:34)

And it isn't really hurt by the tariffs. So come on, let's show a little grown up.

Jeff Marks (2:39)

Yeah.

Jim Cramer (2:40)

Amazon's not bad here, down seven. I don't think that's going to be that. I don't think commerce is going to sell very big. But people want to buy Colgate. They want to buy Proctor. I don't want to do what the people want to do. I don't want to buy PepsiCo and a GOP-1 roll.

Jeff Marks (2:53)

Well, I think the market is looking at that Atlanta GDP now. The downgrade in minus 2.8% yesterday, saying the economy is slowing really quick. Consumer is going to get hurt by tariffs. Already was a weak February, January. Retail sales were four.

Jim Cramer (3:10)

So that's by drugs. We already have good drug positions. We have Bristol, we have Lilly, we have Abbott. Bristol still works right here. Let me just say, let's go away from this. We're going to have people who downgrade the banks because the banks are going down. There'll be a second day move where you might want to buy some. I am interested in buying here, not selling.

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 member.

SPEAKER_5 (3:49)

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