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 moved higher Monday, with all three indexes again touching fresh record intra-day highs due to easing trade tensions between the United States and China. But for Jim Cramer, a handful of mergers and acquisition deals announced today isn’t to be ignored. “Altogether, they say buy Goldman Sachs, ” said Jim, as the high transaction frequency is good news for the bank. As far as trade, Jim said, ” Nvidia would be a big winner [today] if there was real good trade talk.” Jim is frustrated with the government-imposed restrictions on chip exports. Meanwhile, the S & P 500 Oscillator is officially in overbought territory. We trimmed industrial stock Eaton on Friday and sold some of our Danaher position this morning. 2. Honeywell was upgraded by RBC to a buy-equivalent rating from neutral. Analysts cited strong third-quarter earnings that “reinforced confidence in execution” across its divisions. RBC compared Honeywell to GE, which also saw its value rise following a three-way split. Honeywell’s Advanced Materials spin off company, Solstice, begins trading on Thursday. The Club will own a small position but would “rather buy a little bit more of the parent Honeywell” for more exposure to aerospace, said Jeff Marks, director of portfolio analysis for the Club. 3. Broadcom shares are higher after a price target increase to $475 from $415 at Melius. In a note to clients, analysts said that Google’s TPU, made by Broadcom, has become a serious competitor for Nvidia’s GPU. Software name Anthropic was the mystery company that made a $10 billion deal with Broadcom to use these TPUs, a win for both Google and Broadcom. Despite Broadcom shares being up on Monday, Jim said he’s not a fan of the trading action exhibited in some corners of the chip market right now. “This is a very 1999, 2000 pattern. You’d have something that was up big. There’d be a hot stock and then you pour the money into that,” said Jim. “I don’t like this pattern.” 4. Stocks covered in Monday’s rapid fire at the end of the video were: Five Below , Berkshire Hathaway, Booking Holdings , Novartis , and Keurig Dr Pepper. (Jim Cramer’s Charitable Trust is long AVGO, DHR, ETN, GS, HON, 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.
Cramer is worried about Broadcom’s stock action, plus Honeywell’s upgrade
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