Apple's iPhone shipments to China surged in April. Jim Cramer says there's more to the story

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Apple's iPhone shipments to China surged in April. Jim Cramer says there's more to the story
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The Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.

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. The Nasdaq on Tuesday shot up past 17,000 for the first time ever — driven by further gains in shares of Club name Nvidia . In response, Jim Cramer said, "Nvidia is capturing so much of the mindshare that maybe people are selling to make a bigger position in Nvidia.

UBS also pointed out that April tends to be seasonably soft and the big monthly increase only represents a gain of about 1 million units. Citi upgraded DuPont to a buy rating from a hold and boosted its price target on the Club name to $95 per share from $85. The analysts said DuPont's recently announced plan to separate into three publicly traded companies should lead to more upside for shares. BMO Capital and Wells Fargo Securities also upgraded the stock last week.

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