Jim Cramer thinks it's a good time to take profits in this mega-cap tech stock

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 Friday's key moments. U.S. stocks advanced Friday, one day following a late afternoon sell-off that coincided with a spike in oil prices on tensions in the Mideast. "I don't trust this market," Jim Cramer said. "I don't know what's going to happen in the Mideast. I'd rather take profits.

" The Google-parent company's stock was up Friday, and Jim said this strength presents a solid time to take some profits. The Club did on Monday, trimming our Alphabet position. Wall Street analysts touted Club holding Eaton . RBC Capital Markets upgraded the stock to outperform from sector perform , and bumped its price target to $371 apiece from $286. The analysts said Eaton shares are "well positioned" to benefit from the "electrical supercycle.

NASDAQ Composite S&P 500 Index Technology Morning Meeting Recaps Jim Cramer Investment Strategy Markets Breaking News: Markets Dow Jones Industrial Average Eaton Corporation PLC Hubspot Inc Salesforce Inc Breaking News: Technology Business News

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer’s guide to investing: What Cramer learned at Goldman SachsCNBC's Jim Cramer told investors the most important investing advice he learned while working at Goldman Sachs.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer’s guide to investing: How did Cramer become interested in the market?CNBC's Jim Cramer explains what drew him to the stock market as a kid.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer’s guide to investing: How to trade effectivelyCNBC's Jim Cramer told investors his key strategies for making successful trades.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer’s guide to investing: How to start picking individual stocksCNBC's Jim Cramer advised beginner investors on how to successfully begin picking individual stocks.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's guide to investing: Save money and try to invest when you canCNBC's Jim Cramer said he wants investors to save no matter how much money they're making.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer urges 'patience, patience, patience' on Apple stock, and two analysts also make the caseTwo new research reports highlight why investors should stick out the pain, and 'own, not trade' the Big Tech name.
Source: CNBC - 🏆 12. / 72 Read more »