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 opened higher to start the trading week, but gave back those gains after the February ISM manufacturing data missed estimates. While the report showed sector growth, it came in weaker than expected with concerns about order delays due to tariffs. President Donald Trump’s tariffs on Mexico and Canada are scheduled to start Tuesday, and potential retaliatory tariffs from these countries adds to the worries. “The market doesn’t like uncertainty,” said Club portfolio director Jeff Marks. “It’s hard for companies to make a long-term investment decision if they don’t know what trade policy is going to be.” Semiconductors are notable laggards, with Nvidia and Broadcom down 4.4% and 1.6%, respectively. Stocks tied to data centers are also taking a hit, like electric power company Eaton , down 1.7%. 2. In his Sunday column , Jim Cramer advised looking for stocks with as little exposure to tariffs as possible. Texas Roadhouse has held up well since most of its restaurants are in the U.S., though it faces some pressure from rising beef prices, which the company accounted for in its outlook. Off-price retailer TJX Companies is another company bucking tariff headwinds as larger retailers dealing with supply chain disruptions may be forced to liquidate inventory, which TJX picks up at massive discounts. In healthcare, Abbott Labs has noted a minimal impact on tariffs. The stock made a 52-week high Monday, trading 1.5% higher at $140 per share. Linde noted in its last earnings call that if there’s a currency devaluation because of tariffs it will be a pricing tailwind for the company. 3. Shares of cybersecurity stock CrowdStrike rose more than 1% ahead of its fourth-quarter earnings Tuesday evening. Wells Fargo named the stock its “signature pick” Monday, as demand continues to improve after the big outage last year. Yet analysts are cautious heading into the print because they worry the company’s net new annual recurring revenue estimates are too high. Separately, Canaccord said Monday the setup is good into the print with the stock down about 15% from its recent highs. Analysts said customers recognize now is a good time to do business with CrowdStrike due to incentive packages. We also like the stock long term, Marks said, adding, “If the stock gets hit on earnings we would potentially look to buy.” (Jim Cramer’s Charitable Trust is long NVDA, AVGO, ETN, TJX, TXRH, ABT, LIN, 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.
