Jim Cramer’s CNBC Investment Club hosts a “Morning Meeting” livestream every weekday at 10:20 a.m. ET. A recap of Monday’s key moments. 1. Stocks rose steadily on Monday, including reports from Club Holdings Corning, Boeing, Danaher, Starbucks, Metaplatform, Microsoft, Apple, GE Vernova, Dover and Honeywell, marking the start of the busiest week of the earnings season. Meanwhile, Senate Democrats said they would oppose federal funding, including spending for the Department of Homeland Security, raising the possibility of a partial government shutdown over the weekend. This is the second fatal shooting this month, following the fatal shooting of a U.S. citizen by a federal immigration officer in Minnesota. Jim said there could be downside risk to the stock if a partial shutdown were to occur. 2. Eaton announced plans to separate its vehicle and e-mobility divisions into a new publicly traded company. Those two businesses accounted for only about 11% of Eaton’s third-quarter sales, which is good news for industrial stocks. The move will allow the power management company to focus more on the electrical and aerospace sectors serving end markets driven by powerful megatrends such as artificial intelligence. Additionally, the spin is expected to immediately increase Eaton’s organic growth and operating income. With the stock falling ahead of next week’s quarterly results, Jim said new investors should consider starting a position here. 3. Cisco shares rose nearly 3% after Evercore ISI upgraded the networking company’s rating from a hold rating to the equivalent of a buy rating. Analysts also raised their price target to $100 per share from $80, representing an increase of about 34% from Friday’s closing price. Evercore ISI argued that Cisco has “sufficient tailwinds” to sustain high-single-digit revenue growth and low-teens EPS growth for the next several years. We’re glad to see this overlooked AI initiative finally getting the recognition it deserves from Wall Street. 4. The stocks featured at the end of Monday’s video were Dutch Brothers and Agnico Eagle Mines. (See here for a complete list of Jim Cramer Charitable Trust stocks.) As a subscriber to Jim Cramer’s CNBC Investment Club, you will receive trade alerts before Jim makes a trade. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in his charitable trust’s portfolio. If Jim talks about a stock on CNBC TV, he will issue a trade alert and then wait 72 hours before executing the trade. The above investment club information is subject to our Terms of Use and Privacy Policy, along with 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.
