Cramer says he really wants ‘everyone to own’ Coterra Energy

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. 1. U.S. stocks retreated Monday — taking a breather following a weekslong run. The Nasdaq hit an all-time high Friday and so did the S & P 500 . The Dow dipped last week but remained near record highs. A couple of portfolio names were climbing Monday as investor interest in AI and data center buildout names gave Nvidia and Eaton a boost — a trend we don’t see letting up anytime soon. The Club’s looking out for more quarterly earnings, with Broadcom , Foot Locker and Costco all this week. Fed Chairman Jerome Powell is set to deliver economic testimony Wednesday and Thursday on Capitol Hill. The government’s February employment report is out Friday. 2. Coterra Energy shares rose nearly 2.5% on Monday. Jim Cramer said the stock is a must-own tied to energy and oil. In particular, the Club is very upbeat following quarterly results last month, when the oil and natural gas producer beat on discretionary and free cash flow. This is important because cash flows are a function of commodity prices. Management has been able to adapt to the fluctuation in prices by controlling production and capital expenditures. “This is the one I really want everyone to own,” Jim said. Coterra CEO Thomas Jorden will also be on “Mad Money” tonight. 3. Wall Street touted Eli Lilly stock on Monday. UBS increased the pharma’s price target to $910 per share from $810. The UBS analysts, along with the Club, think Lilly will dominate the GLP-1 weight-loss drug market with its offerings despite new potential entrants. Jim reiterated his stance that Viking Therapeutics – a firm also working on its own GLP-1 – is not a real threat to Lilly. (Jim Cramer’s Charitable Trust is long LLY, NVDA, ETN, CTRA, AVGO, FL, COST. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.