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. U.S. stocks were higher Monday as Wall Street tried to recover from last week's pullback. Recently, investor concerns about the Federal Reserve's next policy move have weighed on the market.
The reason why is that a huge end market for Eaton is data centers, which are being built at a rapid clip due to the artificial intelligence wave. We don't anticipate this trend letting up soon. Jefferies lowered Best Buy's price target to $94 per share from $95 but reiterated its buy rating. The analysts see momentum building around a "powerful replacement cycle" for consumer electronics.
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