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 fell on Monday after President Donald Trump said he would raise global tariffs from 10% to 15% after the Supreme Court struck down his “reciprocal” tariffs on Friday. “The confusion about tariffs and what’s going to happen is very different than the confusion we’re experiencing with technology valuations,” Jim Cramer said, noting that market uncertainty always leads to selling. Portfolios holding CrowdStrike are down more than 9% today, following an 8% drop on Friday after Anthropic announced new security tools for its Claude AI assistant. “Rationality will return,” Jim said, noting that he owns the stock. 2. Alphabet upgraded Wells Fargo’s rating from hold to buy, which also raised its price target from $354 to $387. Analysts said Alphabet has leadership in three key characteristics of an AI winner: customer data, distribution and computational power. The company also raised its 2026 revenue growth forecast for Google Cloud to 60% year over year, 11% above consensus. “I think this stock is going to go for $400,” Jim said, referring to the deal with Alphabet to have Gemini enhance Apple’s AI capabilities, including the Siri upgrade. “I don’t think people realize how good Gemini is.” If the stock reaches $400, it would be up nearly 27% from Friday’s closing price. 3. Home Depot will report earnings before the opening bell on Tuesday. “Obviously, this company may not be able to hit the numbers,” Jim said. “But we’re in it because (incoming Federal Reserve Chairman Kevin) Warsh is going to cut rates. When the rate-cutting cycle comes, Home Depot is the one to buy.” Consensus analyst forecasts point to a slight decline in same-store sales. The major home improvement center company has announced that its sales growth rate for 2026 will be flat to 2% higher, and earnings per share growth will be flat to 4% higher. 4. Stocks mentioned in rapid succession Monday at the end of the video were Workday, CBRE Group, VF Corp, and Domino’s Pizza. (Jim Cramer’s charitable trusts are Long CRWD, GOOGL, HD. See here for a complete list of 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 discusses a stock on CNBC, 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.
