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. U.S. stocks jumped Tuesday after a cooler-than-expected July producer price index reading. Moderating inflation boldens the case for the Federal Reserve to cut interest rates by 50 basis points in September. The latest print on retail inflation — the consumer price index — is out Wednesday. The S & P 500 rose more than 1% and the Nasdaq gained nearly 2% after Tuesday’s PPI. Club chip powerhouse Nvidia was adding another 5%. Morgan Stanley’s supply chain checks suggest that the release schedule for Nvidia’s new Blackwell artificial intelligence chip platform is largely unchanged despite reports to the contrary. Shares of Starbucks surged more than 20% after Tuesday’s announcement that embattled CEO Laxman Narasimhan is stepping down. He’s being replaced by Chipotle CEO Brian Niccol who will assume the post next month. There were many Wall Street upgrades of Starbucks stock following the change. Jim Cramer said he’s happy about the switch and remains committed to Starbucks shares. But for investors who bought Starbucks the same day we added to our position on July 29, Jim said he wouldn’t fault anybody for flipping some of those shares for a quick gain. Club name Palo Alto Networks is getting mixed reviews on Wall Street ahead of next week’s earnings. Mizuho raised its price target on the cyberscurity stock to $380 per share from $350. Analyst checks indicate an uptick in demand for the first time in several quarters. Morgan Stanley, on the other hand, said it would not be a Palo Alto buyer into the quarter given the stock’s recent outperformance. Shares have gained about 10% since our recent buy at $303 on Aug 2. Jim believes Palo Alto will be a big beneficiary of Crowdstrike ‘s software update last month that resulted in one of the largest IT outages in history. (Jim Cramer’s Charitable Trust is long NVDA, SBUX, PANW. 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.