Investing Club: 3 investing lessons from the Club’s meeting Monday: Caterpillar, Estee Lauder, Salesforce
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. Buy CAT on a pullback EL set to rise Watch CRM 1. Buy CAT on a pullback Baird on Monday downgraded construction equipment manufacturer Caterpillar to neutral from buy, arguing the stock is approaching a "cyclical pivot point" — a call with which we disagree.
We bought up EL shares last Friday on a pullback on the expectation the stock will continue to rise. 3. Watch CRM Shares of Salesforce were up 1.8% on Monday after analysts at Bank of America called the Club holding the next quality "GARP," or growth at a reasonable price stock. The analysts said the company is on a path to expand its annual margins and raised their price target to $200 a share from $180.
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