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. Stocks sold off Monday after President Donald Trump slapped a 25% tariff on Mexico and Canada and 10% on China, to begin on Tuesday. Stocks rapidly cut those losses after Mexican President Claudia Sheinbaum and Trump struck a deal to delay the tariffs for one month. To manage our risk, on Monday we halved our position in Constellation Brands , which sources beer from Mexico. We trimmed our Stanley Black & Decker position in January, into strength, on worries about higher tariffs on Chinese imports and stubbornly high mortgage rates slowing down turnover in housing. “We’re getting rid of stocks that are losers so that we have enough cash if the market comes back,” Jim Cramer explained, adding that it’s too early to start buying. 2. “This not a time to panic,” Jim said. He’s watching pharmaceuticals and medical devices as areas of the market that are working, and separating themselves from the pack as winners. “Abbott is a great stock here,” he said. Shares of the medical device maker dipped 0.6% Monday, but Barclays called it one of its names that will be least impacted by tariffs since it has minimal manufacturing in those regions. Jim also likes Bristol Myers for its schizophrenia drug Cobenfy. The company reports this week. 3. Analysts at Baird downgraded cybersecurity stock CrowdeStrike Sunday to neutral from outperform, while its price target to $430 from $390. Analysts warned that expectations might need a reset, which could spell trouble for high-multiple software stocks. We took profits at $403 last week when CrowdeStrike jumped 10% in a software rally driven by hype around Chinese AI startup DeepSeek. “CrowdStrike is a phenomenal company, but should it be at $390? Well, you know, it’s up a lot,” Jim explained. Shares of the cybersecurity firm fell 1.7%. 4. Stocks covered in Monday’s rapid fire at the end of the video were: Tyson Foods , Becton Dickenson , FedEx , and Nucor , and stock 5. (Jim Cramer’s Charitable Trust is long STZ, SWK, ABT, BMY, CWRD. 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.
