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

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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