Jim Cramer and portfolio director Jeff Marks held the October Monthly Meeting amid the AI trade's cloudy moment. Cramer named Goldman Sachs and Starbucks as his two favorite stocks to buy, and the portfolio added Bank of New York before the meeting. The team marked Broadcom for sale because of its reliance on Anthropic and OpenAI as custom-chip customers, will hold off buying more Intel until the low $80s, and keeps Micron despite harder-to-count-on multiple expansion while expecting earnings and a buyback in December. Apple, Alphabet, Meta, Microsoft, Salesforce and Nvidia remain holdings with their own rationales, while CrowdStrike and Palo Alto Networks were partly trimmed after big moves. The article also notes the team did not get to discuss Johnson & Johnson during the meeting.
Summary written by Upside AI from the original article. Read the source for full details.
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