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 and Nasdaq fell on Monday, the first day of December. It was not a surprise to see a small pullback, given last week’s strong performance . The crypto market plunged to start the new week as bitcoin declined 7%. “Bitcoin is the linchpin,” Jim Cramer said. “But it’s not going to go down without a fight.” In his Sunday column , Jim also said that speculative names, like crypto-related stocks, pose a risk to the market, even more than AI spending concerns. 2. Oppenheimer raised its Amazon price target to $305 per share from $290. Analysts predict more revenue upside for Amazon Web Services (AWS) through 2027. That’s great news for the Club holding’s crucial cloud computing division, which also saw a 20% increase in revenue growth last quarter. “[Amazon] made that turn and improved sentiment that maybe they were falling behind in the AI race,” said Jeff Marks, the Investing Club’s director of portfolio analysis. “Google Cloud is very good,” Jim said. “But Amazon Web Services is still the key.” Amazon is No.1, Microsoft ‘s Azure is No. 2, and Alphabet ‘s Google Cloud is No. 3. 3. Club stock CrowdStrike fell roughly 1% on Monday ahead of quarterly earnings Tuesday evening. “This is where we begin to see some real progress from the deals that were created,” Jim said, following the swift recovery from last year’s massive outage. Jim added that CrowdStrike CEO George Kurtz has a “good narrative,” and said the company has “new products that are very exciting.” Club name Salesforce reports after Wednesday’s close. “It’s still a show me story,” said Jeff. “They have to prove that what they’re doing with Agentforce can offset some headwinds at the rest of the company.” Shares of Salesforce are up around 1% Monday. 4. Stocks covered in Monday’s rapid fire at the end of the video were: Chevron , Carvana , Zscaler , Shopify , and Wynn Resorts . (Jim Cramer’s Charitable Trust is long AMZN, CRM, CRWD. 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.
