economy
March 9, 2026
Cramer calls this AI stock 'a terrific story'
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
TL;DR
- The Dow fell over 400 points due to increasing oil prices and stagflation concerns, with West Texas Intermediate crude exceeding $119 per barrel.
- Jim Cramer suggested oil could reach $200 a barrel due to the ongoing conflict and stated the market is "guilty until proven innocent."
- Cisco shares were trimmed to increase cash on hand in anticipation of further market sell-offs.
- GE Vernova received a double upgrade to a buy rating from Rothschild, with analysts pointing to accelerated demand for AI and gas turbines and raising the price target significantly.
- Jim Cramer described GE Vernova as "a terrific story" due to high demand for their turbines.
- Wolfe Research resumed coverage of Starbucks with a hold-equivalent rating, down from a buy, citing a multiyear turnaround and potential competitive ceilings on growth and pricing.
- Jim Cramer defended Starbucks, expressing confidence in CEO Brian Niccol's ability to execute the turnaround.
- Other stocks discussed in the rapid-fire segment included Netflix, Citizens Financial Group, Truist Financial Corporation, and Zions.
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