Jim Cramer wants to buy more shares of 2 portfolio companies with favorable catalysts

📆 10/28/2024 4:12 PM
📰 CNBC

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Home Depot Inc,Crowdstrike Holdings Inc,Alphabet Inc

The Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.

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 kicked off the week on a high note, with big tech lifting the Nasdaq to new records. This week is crucial for the tech sector as Club names Alphabet , Apple , Amazon , Meta Platform, and Microsoft all report earnings.

Home Depot shares gained 1% on Monday after TD Cowen raised its price target on the Dow stock to $460 per share from $440, implying more than 15% upside to Friday's close. The analysts highlighted the Club company's strong position for the next home improvement cycle. TD Cowen pointed to favorable demographic trends, new home shortages, and record home equity availability as key factors driving growth.

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