Analysts back our views on cybersecurity — plus, Cramer puts out a notice on Nvidia

CNBC Finance

3 min read

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 fell Monday but turned higher (briefly) around midday after the U.S. and Israel launched an attack on Iran this weekend. Not surprisingly, U.S. oil spiked higher, but WTI crude prices were off their highs of the day. "We were very ugly at the open, and then we bounced," Jim Cramer said on the Morning Meeting for Club members, adding it likely happened because oil peaked. Considering the defensive nature of the health-care sector, we called up from our Bullpen watchlist and initiated a position in Cardinal Health on Monday morning, putting to use the cash from exiting Danaher lastÂ Thursday. 2. CrowdStrike rose more than 2% on Monday after Piper Sandler upgraded the cybersecurity name to a buy-equivalent rating from hold ahead of earnings on Tuesday evening. The analysts, who maintained a $520 price target, said the nearly 19% year-to-date pullback in CrowdStrike is "overdone." Piper also views AI as an opportunity for CrowdStrike instead of a replacement threat, a position that Jim has maintained for weeks now. While the stock trades at a premium, Jim feels this is justified given CrowdStrike's robust AI program. 3. Nvidia shares gained more than 3%. The chip maker was named a top pick in semis at Morgan Stanley, replacing Micron. The analysts said that while Nvidia's stock has not moved in the last two quarters, business has strengthened. Nvidia also announced two strategic partnerships in the optics technology industry, putting $2 billion into Coherent and another $2 billion into Lumentum . Jim said investors without Nvidia positions should buy the stock because it won't remain this depressed for long. Even with Monday's gains, shares were still lower year to date. 4. Stocks covered in Monday's rapid fire at the end of the video were Blue Owl and Dutch Bros . (Jim Cramer's Charitable Trust is long CAH, CRWD, NVDA. 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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Analysts back our views on cybersecurity — plus, Cramer puts out a notice on Nvidia

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