economy
Jim Cramer wants to trim this Mag 7 position and says hold on to another one
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
TL;DR
- Stock market extended Monday's strong session amid optimism for an end to the Iran war.
- Jim Cramer advised caution due to the S&P Short Range Oscillator entering overbought territory.
- The Club booked gains in Broadcom and is considering trimming Amazon due to its significant rally and weighting.
- Alphabet received an 'upside 90-day catalyst watch' from Citi analysts, with price target raised.
- Upcoming events for Alphabet include Google Cloud Next, earnings, and the Google I/O developer conference.
- Stocks rapidly covered included JP Morgan, BlackRock, Dow Inc., Ford, General Motors, and United Airlines.