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. The S & P 500 was relatively flat on Monday despite escalating tensions between the U.S. and Iran over the weekend. West Texas Intermediate crude jumped 5% to above $88 per barrel, while the 10-year Treasury yield remained largely steady. "Unless interest rates shoot up off of [ a surge in] oil, oil becomes a bit of a sideshow," Jim Cramer said. In his Sunday column , Jim emphasized that the bond market has been a helpful indicator for the broader market and what's investable. Separately, the Club trimmed its Starbucks position and added shares of Johnson & Johnson . 2. Corning shares popped nearly 1% after analysts at Bank of America raised their price target on the stock to $186 from $155. Analysts said that Corning's scale-out potential — the ability to increase compute capacity by adding more servers — is not reflected in the current valuation. Scale-out drives demand for fiber-optic networking to connect servers, rather than "scaling up" with more powerful machines. Analysts added that Corning will likely need to expand manufacturing capacity to meet that demand, which could put near-term pressure on margins. Jim suggested that recent cautious calls, including a downgrade at Morgan Stanley, are more about resetting expectations ahead of earnings next Tuesday. "Be aware that there's the potential for this stock to be down, but the vultures will just buy it." 3. Apple was named a "tactical long" at Morgan Stanley heading into its earnings on April 30. Analysts said that memory-related gross margin pressure will be offset by upside in the June-quarter guidance, resulting in better-than-feared earnings. They also pointed to Apple's World Wide Developers Conference in June and the foldable iPhone launch in September as potential catalysts. Earlier this month, Apple's stock took a hit on report s that shipments of the inaugural foldable iPhone might be delayed due to engineering setbacks. 4. Stocks covered in Monday's rapid fire at the end of the video were QXO , Cleveland-Cliffs , and Okta . (Jim Cramer's Charitable Trust is long GLW, APPL, SBUX, JNJ. 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.
