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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. Exercise restraint Buy Salesforce, if you don’t own it Watch Emerson 1. Exercise restraint Stocks rose Monday on the back of a Wall Street Journal report saying the Federal Reserve is preparing to slow interest rate increases at its next meeting and could even pause rate hikes this spring. The S & P 500 climbed more than 1% in midmorning trading. We would consider buying more stocks here, if the S & P 500 Short Range Oscillator were not solidly in overbought territory, at 7.22%. So we’re instead choosing to exercise caution here, after adding to our position in Emerson Electric (EMR) at the start of the day. 2. Buy Salesforce, if you don’t own it News that activist investor Elliott Management has reportedly taken a multibillion-dollar stake in Salesforce (CRM) sent shares of the enterprise software company up by nearly 4% Monday morning. Jim Cramer said that it’s “ludicrous” that the stock isn’t even higher, especially considering that three other activist investors — including Starboard Value, according to his reporting — have taken stakes in Salesforce. If investors don’t already own CRM, they should consider buying some here. 3. Watch Emerson Emerson Electric (EMR) on Monday issued an update on its hostile takeover bid for National Instruments (NATI), saying the industrial conglomerate’s “premium all-cash proposal at $53 a share, with no financing conditions or anticipated regulatory concerns, is compelling and in the best interest of Emerson and NI shareholders.” Jim said Monday that he’s no fan of hostile takeovers, but will be watching to see if and how Club holding Emerson’s acquisition of National Instruments goes through. Investors should consider buying the stock if there appears to be an orderly acquisition process, which would likely send shares higher. (Jim Cramer’s Charitable Trust is long EMR, CRM. 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.
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