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. Stocks were mostly lower Monday after a comeback rally last week that saw the S & P 500 and Nasdaq Composite post their biggest weekly advances of the year. Both indexes traded in the red Monday, while the Dow Jones Industrial Average was slightly positive. The action comes as investors await the Federal Reserve’s policy decision Wednesday afternoon. An interest rate reduction is widely expected, but there’s debate on whether the Fed will cut by a traditional 25 basis points or a larger 50 basis point . Home Depot , our newest Club holding, stands out as the “single best” play for this rate cut environment, Jim Cramer said Monday. While the stock is up about 5% over the past month, Jim said it “can be bought for some time” as rates fall because that should spark more activity in the housing sector . Home Depot shares ticked up about 0.3% Monday. Jim also highlighted Eaton as an attractive stock here due to the electrical equipment maker’s data center exposure, another popular investment theme alongside rate cuts. Citi initiated coverage of Eaton on Monday with a buy rating and a price target of $348 a share. Eaton’s diverse power management portfolio is well-positioned to benefit from “robust data center demand growth,” the analysts argued. They also said Eaton’s “self-help” story is underappreciated and could lead to sustainable margin expansion. Eaton shares were about 0.6% lower Monday. Shares of Apple dropped 3% Monday on the back of a report from influential Apple analyst Ming Chi-Kuo, who said demand for the new iPhone 16 Pro and Pro Max models is weaker than expected. Considering how important this launch cycle is to investors, Monday’s decline was not surprising. Don’t join the sellers, though. “To make a judgment…that you should sell Apple, particularly on a launch, has proven to be a fool’s game,” Jim said. “I’m not buying into the negativity on Apple. Way too early,” he added. That’s because Apple Intelligence — its suite of artificial intelligence software tools — is not yet available. Apple Intelligence should be the main driver of upgrades and fuel more upside for the stock ahead. Stocks covered in Monday’s rapid fire at the end of the video were: Colgate-Palmolive , Coca-Cola , Zillow , Builders FirstSource , and Simon Property Group . (Jim Cramer’s Charitable Trust is long HD, SWK, ETN, AAPL. 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.
