On Friday, the CNBC Investment Club held its March monthly meeting, where Jim Cramer and Director of Portfolio Analysis Jeff Marks discussed their views on each stock in the portfolio. The market backdrop has changed significantly as the Iran war broke out less than a day after our last monthly call. The big winners over the past few weeks have been energy stocks and niche names like fertilizer makers. Despite the tough times for tech stocks, Jim doesn’t think it’s time to exit the group. Far from it. Here’s our rapid-fire update on our 32-stock portfolio. He starts with his thoughts on unpopular tech stocks and other AI trading constituents, then moves on to the rest. Plus, find the 5 stocks Jim said he would buy. I’ve flagged them in bold below. Our position on the role of AI in technology and beyond Apple: There’s no reason to sell the iPhone maker’s stake here. Sales are picking up in China, and the company’s rumored phone line-up this fall – the company’s first foldable device – is very exciting. Additionally, they were able to sign up for the world’s best Siri companion, Google’s Gemini model, without a $100 billion capital investment. Own it and don’t trade it. Amazon: Cloud division Amazon Web Services’ growth no longer appears to be lagging behind Microsoft Azure. AWS’s business is accelerating in no small part due to its relationship with Anthropic. AWS has profits and I think Amazon’s profits will surprise next quarter. Cisco Systems: The networking giant announced strong quarterly results last month, but its stock price plummeted due to rising memory costs. The stock has since rebounded, and recent headlines about Google’s memory innovations have also supported the stock. GE Vernova: Data centers show no signs of slowing down, which is good news for natural gas turbine manufacturers. While oil and gas prices overseas have soared due to the Iran war, U.S. natural gas futures prices have not moved significantly due to strong domestic production. This is a plus for data centers that run on natural gas. Eaton: The best electrical equipment specialist. Additionally, the company wisely acquired Boyd Thermal to enter the data center cooling business. No matter what category you want to put Eaton into, it’s simply a company that makes really good products that are in high demand. Corning: Data centers are filled with copper wire, which is great if you want to save money. However, if you want to prevent power degradation, it is better to use fiber optics. No one makes better fibers than Corning. Qnity: A maker of high-performance materials used in the manufacture of semiconductors and electronics, formerly housed within the DuPont conglomerate. It has been a huge success since spinning out in the fall. Qnity’s last quarter was amazing, and now it’s getting noticed by even more investors. CrowdStrike: On Friday, stocks were once again caught up in the carnage of software destruction. But listening to CEO George Kurtz talk about the impact AI is having on the cyberattack landscape, as he did on Thursday night’s “Mad Money,” it’s hard to see anything but real tailwinds for the security business. AI model makers like Anthropic do not take the security profession seriously. It’s a bit like a dentist trying to perform brain surgery. Yes, CrowdStrike is expensive, but you have to pay for the best service. Palo Alto Networks: No more having two cybersecurity names. CrowdStrike is the horse we’re betting on. Salesforce : While the company’s Agentforce product has seen impressive adoption rates, the legacy portion of its software portfolio hasn’t fared much better. And concerns about AI disruption are a difficult theory for the bears to disprove. Salesforce’s $25 billion share buyback wasn’t enough to turn the tide. We want to see this through to the end. Microsoft : This is troubling because it went from an AI pioneer to a laggard thanks to its visionary partnership with OpenAI. What worries us is that the moment we sell, CEO Satya Nadella and CFO Amy Hood will release a new AI tool that becomes an overnight sensation. Those leaders are too smart and too experienced to bet against. Meta Platforms: Do you like Meta’s massive data center spending? Not on the surface, but we admire CEO Mark Zuckerberg’s track record. Did Meta lose several lawsuits regarding painful addiction to its products? Yes, but I don’t think Meta will be the cigarette of 2026. Our view is that the meta has facts and we want to strengthen our position as much as possible. Alphabet : The seamless experience of core Google search and Gemini, combined with the Apple Siri partnership, YouTube’s geyser of profits, and the burgeoning Google Cloud, makes it a stock worth owning. Plus, it’s a stock Jim wants to buy more of. Broadcom: We like to invest in people and products. CEO Hock Tan and his networking products and custom chip design services continue to achieve business success. When we see business disappearing, we will change our minds. Nvidia: It would be a big mistake to leave the stock here during this swoon. We’ve been through periods of underperformance like this before, but everything we heard at the GTC developer event solidifies our belief that Nvidia is the primary enabler of the AI revolution. The price/earnings ratio is less than 20 times. Still, earnings estimates are likely to prove too low, meaning the stock is cheaper than it appears. This is the best level to buy. Rest of the Portfolio Capital One : After Capital One’s successful acquisition of Discover, the stock price fell from $160 to $259 and back again while waiting to become a true competitor to American Express. Of course, I wish it had sold at the top. However, we still expect huge synergies to materialize and that eventually stocks will no longer be hostage to interest rates and war. Goldman Sachs: Goldman was built for this moment. Its trading desk is built to take advantage of volatile markets, and it looks like some big initial public offerings (IPOs) are on the horizon for later this year. Needless to say, mergers and acquisitions are on the rise. Wells Fargo : Drawn Wells’ stock price by more than $93 per share earlier this year. It is now back in the low $70s. I bought a few more earlier this month. The stock still looks attractive. Costco: The retailer is making a comeback after a 2025 mid-year hiatus. Costco’s same-store sales growth has been extraordinary, and we are looking forward to its experiment with opening stand-alone gas stations, which could be a catalyst for increased membership. TJX Company: TJX is the best retailer in the country outside of Costco and Walmart, and its stock trades at a much lower price-to-earnings ratio than those two giants. Don’t expect to see TJX on our sales list. Home Depot : Unlike Costco or TJX, this is really disappointing. The housing market is not cooperating and given the stagnation of activity in all regions, the promotion of specialist services has not been able to change the situation. However, I don’t think the Fed’s next move will be to raise rates, so I want to keep this stock. Starbucks : CEO Brian Nicol has clearly improved the coffee chain, even if the challenges are greater than those he faced when leading Chipotle. Please be patient with this. There are prospects for a real inflection point, where stock prices reach triple digits. Nike: There’s no line of sight here. We still believe in CEO Elliott Hill, but we need to see further evidence of an upturn before the drop to justify keeping the stock in your portfolio. We currently have enough shares. Linde: Industrial gas suppliers are taking advantage of the helium disruption in the Middle East by signing long-term supply contracts. Linde already has large amounts of helium and is taking advantage of what may ultimately be a short-term phenomenon. Honeywell: Honeywell is in the same purgatory we found ourselves in when we broke up DuPont. But Honeywell is slowly growing as people expect to receive stock in pure aerospace companies and automation and security companies. This is a popular stock to buy. DuPont: We feel the same way about DuPont. DuPont is now much more connected to the healthcare and water end markets than it was before the Qnity separation. These are great businesses to take advantage of. But now that we’re such a small company, we’re wondering if we’ll be able to maintain our independence. Dover: This old-school conglomerate has a lot of dry powder and could pick up some industry from private equity firms forced into sales in the private credit debacle. Boeing: Stock price is shockingly low. Hardly a week goes by when we don’t get a big order. The stock may not seem cheap at first glance, but I’m itching to buy more when the time comes. Once the Iran war ends, this stock could regain its momentum. Bristol-Myers Squibb: Our optimism for Cobenfi was unwarranted. But we’re lucky because the industry is attracting a lot of value buyers, and the stock price is getting swept up in that wave. I don’t care about the stock price after this execution. Cardinal Health: This drug distributor has been on the wrong track since we started investing on March 2, early in the Iran war. We didn’t expect that because the quarterly results were very strong. Jim says stock picking is a humbling job. Due to additional purchases made earlier this week, the position is too large to actively continue with additional purchases. Eli Lilly: The stock has had a tough start to the year, but we hope to hold on, especially with the impending launch of our GLP-1 obesity drug. It could hit the market within weeks, and the company is stockpiling supplies to meet demand. Investors are worried that main rival Novo Nordisk will become more aggressive in lowering prices to take market share away from Lilly. While this is a real risk, Lilly said the price pressure could be overcome through increased volumes. Procter & Gamble : What a big hit P&G has been since taking the stake in the fall. Then a war broke out and it seemed to have failed. But you can see the real value here. If you consider it as a long-term investment, this is a buy level. (See here for a complete list of Jim Cramer Charitable Trust stocks.) 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