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. shares got here below strain Monday amid a rotation out of Big Tech names. The S & P 500 was down 1%, whereas the Nasdaq Composite misplaced 1.68% in midmorning buying and selling. The pullback comes after U.S. equities posted a fifth-straight week of positive aspects final week to hold ahead November’s stellar rally . Meanwhile, bond yields edged up forward of a busy week of financial knowledge, together with the Labor Department’s month-to-month jobs report on Friday. The yield on the 10-year Treasury was hovering just under 4.3%. And oil costs ticked up barely after tumbling round 2% final week, with West Texas Intermediate crude buying and selling at $74 a barrel. 2. With the market once more in deeply overbought territory — the S & P 500 Short Range Oscillator is at 7.33% — we raised money Monday morning by exiting our place in Emerson Electric (EMR). At $90 a share from Friday’s shut, Emerson inventory has recovered almost all of its losses from its disappointing earnings report in early November. We’re involved about execution and integration following a weaker-than-expected outlook and preliminary accretion from Emerson’s acquisition of National Instruments. The sale takes our money place to about 9%. And we plan to make use of these funds to purchase extra shares of Eaton (ETN) on pullbacks. 3. Club holding Palo Alto Networks (PANW) grew to become the primary cybersecurity firm to hit $100 billion in market cap . Where does it go from right here? Morgan Stanley stated a more durable first half of 2024 is forward on account of rates of interest, macroeconomic uncertainty and strain round decrease {hardware} demand. But the setup should enhance after that, partly on account of new product cycles ramping up and the potential of a firewall refresh within the second half of 2025. On Friday, we downgraded our score to a 2 after the inventory rallied 22% since a post-earnings sell-off. We cannot chase it after that transfer. (Jim Cramer’s Charitable Trust is long ETN, PANW. See right here for a full record of the shares.) As a subscriber to the CNBC Investing Club with Jim Cramer, you’ll obtain a commerce alert earlier than Jim makes a commerce. Jim waits 45 minutes after sending a commerce alert earlier than shopping for or promoting a inventory in his charitable belief’s portfolio. If Jim has talked a couple of inventory on CNBC TV, he waits 72 hours after issuing the commerce alert earlier than executing the commerce. 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.