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. 1. The S & P 500 was in the green Monday on hopes for a possible U.S.-Iran ceasefire. President Donald Trump said over the weekend he would give Iran until Tuesday night to make a deal or face power plant and bridge bombings. The market, however, seems to believe Trump is “willing to postpone” that deadline as he has done in the past, Jim Cramer said during the Morning Meeting. What to do? Jim said if members are sitting on big gains, it might be time to trim and protect some of those paper profits. 2. Research analysts at Goldman Sachs raised their price target on Club name Wells Fargo to $96 per share from $93. They said Wells is the best-positioned stock within their coverage universe ahead of earnings. Jim said he would not trim Wells here, around $81 per share, because it is “nowhere near” the all-time closing high of nearly $96 on Jan. 6. As for fellow portfolio name Capital One , Barclays cut its PT to $226 from $287. Jim said Wall Street analysts have been “quite awful” on their Capital One calls, underappreciating the potential of the Discover acquisition and its low stock valuation. 3. CrowdStrike increased its share buyback program by $500 million to $1.5 billion, viewing its stock drop alongside other enterprise software names as an opportunity. We never thought CrowdStrike, or our other Club cyber name, Palo Alto Networks , should trade down on AI disruption fears. If anything, the proliferation of AI makes the case for more cybersecurity, not less. How can something cobbled together on Anthropic turn around and police Anthropic’s AI models? Jim said he spoke to CrowdStrike CEO George Kurtz this weekend. “They are tired of the misinformation,” Jim said. We have CrowdStrike rated buy-equivalent 1. 4. Stocks covered in Monday’s rapid fire at the end of the video were: JPMorgan, Netflix, Tyson Foods, as well as chemical stocks Dow Inc. , Westlake , and LyondellBasel . (Jim Cramer’s Charitable Trust is long GS, GOOGL, WFC, COF, CRWD, PANW. 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.
CrowdStrike is buying more of its beat-up stock. Should investors join?
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