The CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream every weekday at 10:20 a.m. ET. On Monday, U.S. stocks were higher as Wall Street attempted to recover from last week’s pullback. Investors have been concerned about the Federal Reserve’s next policy move, but Jim Cramer advised members to focus on upcoming earnings reports rather than short-term fluctuations. Constellation Brands and Wells Fargo are set to release their earnings later in the week, along with two inflation reports. Wolfe Research downgraded portfolio name Eaton to underperform, citing valuation concerns. Jim Cramer dismissed the downgrade, noting that Eaton’s business is tied to data centers, which are in high demand due to the artificial intelligence wave.
Jefferies also lowered Best Buy’s price target but reiterated its buy rating, pointing to a growing replacement cycle for consumer electronics. Jim Cramer has been predicting a personal computing refresh cycle that will benefit Best Buy. The club’s stock holdings include Eaton, Wells Fargo, Best Buy, and Constellation Brands. Subscribers receive trade alerts before Jim Cramer makes a trade, with a waiting period before executing the trade to allow for market analyses. The investing club information is subject to terms and conditions, privacy policy, and disclaimer, and does not create a fiduciary obligation or guarantee specific outcomes or profits.
