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 Monday’s key moments. Wall Street was mixed to start the new week ahead of Wednesday morning’s consumer inflation print and Wednesday afternoon’s Federal Reserve interest rate decision. Club name Broadcom reports earnings after Wednesday’s closing bell. Monday is also a big day: Club name Nvidia began trading on a split-adjusted basis , and Apple is set to unveil its artificial intelligence strategy at its annual developers conference. Jim Cramer said investors shouldn’t make any big moves in anticipation of the market-moving events. “I’m saying stay the course.” Coterra Energy stock jumped 2.5% on Monday. Jim said the portfolio name has more room to run as the price of natural gas surged to its highest level since the start of 2024. Nat gas was up 5.5% on Monday to above $3 per million British thermal units. “[Coterra] can go much higher,” Jim said, adding that shares benefit from fluctuating commodities prices because of the company’s exposure to oil and natural gas and its ability to shift production resources between the two. UBS upgraded Club holding Honeywell to a hold from a sell rating on Monday. The analysts cited an “improved outlook” for the company’s industrial automation business. The call is worth flagging because UBS analysts delivered what proved to be a prudent double downgrade on Honeywell stock to a sell from a buy rating back in January 2023. The Club made a small sale of Honeywell on Friday after the industrial stock hit a 52-week high. Shares were modestly higher again Monday. (Jim Cramer’s Charitable Trust is long AAPL, NVDA, CTRA, HON. 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.
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