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 as investors continue to rotate out of tech names and into value-oriented areas of the market. Case in point: Chipmaker Broadcom ‘s stock fell by more than 4% this morning, while financials Wells Fargo and Goldman Sachs are both in the green. Meanwhile, investors are looking ahead to key economic releases this week: October retail sales and the November employment report on Tuesday, and November’s consumer price index on Thursday. 2. We’re downgrading Costco to a hold-equivalent 2 rating from a 1. In his Sunday column , Jim outlined why the retailer is a concern for the portfolio. Not only has the stock lagged the market this year, but customers are renewing their memberships at lower rates than before. We’re seeing the impact over the past several quarters. If we’re no longer restricted, we’ll consider selling tomorrow. 3. Evercore ISI initiated coverage of Honeywell and GE Vernova with buy ratings. In the case of Honeywell, analysts said the upcoming spin-off of its aerospace unit will drive further earnings growth for its more-focused automation division. They like GE Vernova for its strong earnings growth, supported by electrification and a power backlog. While we agree that GE Vernova is an excellent stock, we booked some profits Monday and downgraded it to a 2 rating after last week’s rally to a new record high. 4. Stocks covered in Monday’s rapid fire at the end of the video were: ServiceNow , Masco , Zoetis , Texas Instruments , Dollar General . (See here for a full list of the stocks in Jim Cramer’s Charitable Trust.) 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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