Jim Cramer’s CNBC Investment Club hosts a morning conference livestream weekdays at 10:20 a.m. ET. A recap of Monday’s key moments. 1. US stocks were initially under pressure on Monday, with the S&P 500 index rising slightly in morning trading, but bond yields still rose to their highest level in 16 years. The yield on the 10-year U.S. Treasury rose above 5% again, then fell slightly. The move comes amid rising tensions in the Middle East, weighing on economic sentiment. “There’s a strong belief in this country that geopolitical events will crush the stock market,” Jim Cramer said Monday. “But all geopolitical events are about crushing multiple countries, and that’s what’s happening right now,” he added. 2. Stocks in the club that owns Morgan Stanley (MS) have stabilized after a brutal sell-off after last week’s earnings. Although the bank reported a significant improvement in top and bottom profits, some investors were disappointed by the results of its wealth management division. Revenues were lower than expected, and the business only added $36 billion to his net new assets. However, the stock has a dividend yield of 4.65%, and management buys back between $1 billion and $1.5 billion of stock every quarter. Additionally, the mergers and acquisitions landscape is starting to improve, as evidenced by Chevron’s (CVX) $53 billion acquisition of Hess (HES) on Monday, which should help the company’s investment banking division. . Morgan Stanley CEO James Gorman said the investment banking industry should pick up once the Federal Reserve signals it is done raising interest rates. 3. Apple (AAPL) stock fell on Monday following more negative headlines from China after the Chinese government launched an investigation into Hon Hai Precision Industries, a major supplier to the iPhone maker. More broadly, “Apple has a long knife pointed at them,” Jim said. But he remains skeptical that headwinds from China are having a major impact on the club’s holdings. “Apple is very confident in China,” he added. Apple stock fell 0.5% on Monday to about $172 per share. (Jim Cramer’s Charitable Trust is Long MS, AAPL. See here for a complete list of stocks.) As a subscriber to Jim Cramer’s CNBC Investment Club, trade before Jim makes trades. Receive alerts. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in a charitable trust’s portfolio. If Jim talks about a stock on his CNBC TV, he will wait 72 hours before executing the trade after issuing a trade alert. The above investment club information is subject to our Terms of Use and Privacy Policy, as well as our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.