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 was flat Monday. The tech-heavy Nasdaq advanced on another rally in shares of Amazon , which secured a $38 billion cloud commitment from OpenAI. The deal was a good omen for Jim Cramer, who opposes the narrative that investors should get out of “Magnificent Seven” stocks because the market is too heavily concentrated in the cohort. “I feel good about that,” Jim said, referencing his Sunday column thesis and attributing the optimism to the Amazon deal. Nvidia is also winning after an extraordinary price target raise to $350 per share from $250 at Loop Capital. “In the old days, I would’ve said to you, we have to trim. [But] these companies, I think, are undervalued.” 2. “I want to buy some Costco ,” said Jim, after the retailer was named a top pick at Oppenheimer. The analysts decreased the wholesaler’s price target to $1,050 from $1,130, but said shares have rerated lower and relative valuation is more attractive. Oppenheimer’s analysts also noted that the stock is trading at a more consistent valuation aligned with recent historical averages. “I don’t feel it’s dangerous to start buying if you don’t own any right here,” said Jim, noting that Costco is trading at 47 times earnings. 3. “This is a very good deal,” Jim said, referring to power management giant Eaton announcing a $9.5 billion acquisition of liquid cooling specialist Boyd Thermal. The deal gives Eaton a portfolio of Boyd’s thermal-management products made to control the excess heat in energy-intensive operations such as data centers. Boyd Thermal forecasts sales of $1.7 billion for 2026, around $1.5 billion of which is in liquid cooling. “The stock is going to go up on this because this gives them an even deeper footprint within the data center,” Jim said earlier Monday on “Squawk on the Street.” Eaton reports its third-quarter earnings results on Tuesday morning. 4. Stocks covered in Monday’s rapid fire at the end of the video were: Kimberly-Clark and Berkshire Hathaway . — CNBC’s Morgan Chittum contributed to this report . (Jim Cramer’s Charitable Trust is long AMZN, COST, ETN, 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.
