The CNBC Investing Club on Wednesday held its May Monthly Meeting, featuring Jim Cramer and Jeff Marks, director of portfolio analysis, covering all 33 stocks in the portfolio. Jim offered his unvarnished takes on the stocks and spotlighted his four favorite names for new Club members to buy. Jeff also provided an in-depth look at the two newest positions and why we initiated positions. One theme Jim emphasized was the importance of diversification, even in moments where one dominant theme drives the market. Right now, artificial intelligence is winning the day. We have plenty of AI winners. But as long-term investors, our discipline requires us to own other stocks too. Now, let’s get into what Jim and Jeff had to say. The four stocks that Jim recommended new Club members buy are marked in bold. Big tech winners Alphabet : We were wrong to sell it last spring. We were right to buy it back, lured by the powerful combination of Google Search, Gemini, Google Cloud, YouTube, and the robotaxi service Waymo. For new members, Google is Jim’s favorite to buy right now. Amazon : This is another one with a remarkable collection of businesses. From cloud unit Amazon Web Services and its custom silicon chips to the Prime membership program and the advertising business, these are all worth more than what the current stock price indicates. Some investors may be worried about its massive AI spending, but the profits should start flowing as soon as next year. Apple : The stock has experienced a sudden run on optimism around its AI offerings. Many investors were worried after Apple’s delayed AI rollout, but we’re glad it didn’t end up putting out a second-rate product. Apple focuses on being the best, not the first. Let’s hope we get a long-awaited AI-infused Siri at the company’s annual developer conference on June 8 . Nvidia : The AI chip giant finds itself where Apple was over a decade ago, and it should follow in the iPhone maker’s footsteps by embarking on a massive buyback program paired with consistent, large dividend increases. Nvidia’s best buy right now is its own stock. Big tech laggards Meta Platforms : CEO Mark Zuckerberg is known for not tolerating underperformance, but that’s exactly what this stock has delivered lately. We’re afraid to sell it, only for Meta to deliver a breakthrough on AI shortly after we do. So, we’re keeping it. Microsoft : A similar debate here. We can all see there are real issues here, and it is inconceivable that CEO Satya Nadella and CFO Amy Hood do not see them as well. We’re giving them another quarter to show something that improves their prospects in the age of AI. We’ve owned this one for almost a decade and don’t want to give back any more of that gain. Saving grace AI plays Arm Holdings : Our second newest name, after FedEx, has been a rocket ship since we bought the chipmaker last month. Concerns about securing enough manufacturing capacity from TSMC haven’t vanished. It’s just that the zest for anything data…
Read More: Here’s our monthly update on all 33 portfolio stocks, including 4 to buy