Jim Cramer's word of caution on Target-Shopify deal — plus, his thoughts on 4 more stocks

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CNBC's Jim Cramer on Monday discussed the headlines moving the stocks of Target, IBM and more.

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. IBM : Shares rose 3% after Goldman Sachs initiated coverage of the stock with a buy rating. "We were surprised last quarter ... how much they're helping companies adjust to the new world" around artificial intelligence, Jim Cramer said.

5% after the retailer said companies that use Shopify's commerce platform can apply to join its third-party marketplace known as Target Plus. While Cramer was upbeat on the tie-up, he offered a word of caution to investors. "Please don't bet that this is going to help them this quarter," he said. In retail, the CNBC Investing Club owns the likes of Amazon , Costco and TJX Companies .

 

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