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. Stocks were mixed Monday as investors rotated back into software names while many AI hardware and data center stocks pulled back. “Software is reigning supreme, and hardware is selling down,” Jim said. Club holding Salesforce and cloud computing company ServiceNow climbed roughly 3% and 6.5%, respectively. Meanwhile, Micron Technology fell nearly 4%. Jim said the market continues to shift between themes as investors rotate out of high-flying AI infrastructure stocks and into previously lagging areas of the market. “I would like to buy the hardware when it’s down and sell the software when it’s up,” he said. 2. Club holding TJX Companies is on Jim’s radar after the stock pulled back roughly 10% from recent highs ahead of earnings last Wednesday. Jim argued the sell-off created an opportunity in the off-price retailer, so the Club bought a small number of shares on Friday. “TJX is at a level that makes no sense,” Jim said. He added that the company is well-positioned if consumers become more price-conscious amid inflation concerns. Struggling retailers who need to get rid of excess inventory, he noted, may also turn to TJX to help clear it. 3. Club name Home Depot reports earnings Tuesday morning. The stock dropped roughly 8.5% this month as elevated mortgage rates and a sluggish housing market continue to weigh on home improvement spending. “Even if they say things are just okay, that would be very big,” Jim said. “Why? Because this is a good company.” He argued the weakness in the stock reflects broader housing concerns rather than company-specific problems. He added that rival Lowe’s may currently be in a slightly better position because of its greater exposure to do-it-yourself customers, while Home Depot has more exposure to professional contractors. 4. Stocks covered in Monday’s rapid fire at the end of the video were: Intel , Nextera , Berkshire Hathaway , and Salesforce . (Jim Cramer’s Charitable Trust is long Home Depot, Salesforce, and TJX Companies. 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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