CNBC’s Investing Club with Jim Cramer hosts a live “Morning Session” every weekday at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Stocks Fall Ahead of Inflation Data Watch Estee Lauder Buy Caterpillar 1. Stocks Fall Ahead of Inflation Data Stocks fell slightly on Monday morning as investors await key inflation data this week. The US consumer price index and producer price index are due to be released on Wednesday and Thursday to inform the Federal Reserve about the next move on interest rates. The central bank raised rates by 25 basis points last week, hinting it may hold off on future hikes. However, stronger-than-expected US jobs figures for April, released on Friday, could prompt the bank to raise rates further – although the data cheered investors who had feared a recession was on the way. The S & P 500 fell 0.11%, while the Nasdaq Composite fell 0.22%. Oil prices, meanwhile, climbed more than 2% after losing more than 7% last week. West Texas Intermediate crude was trading around $73 a barrel. 2. Watch Estee Lauder Nelson Peltz isn’t going to do anything with Estee Lauder ( EL ), activist investor Jim Cramer told Monday. Jim reached out after a report in Sunday’s New York Post claimed Peltz was considering a shakeup at the club. The stock was up about 5% in premarket trading on Monday. But most of those gains evaporated before the opening bell and into regular Wall Street trading. Shares fell 17% on Wednesday after the prestige cosmetics firm reported a mixed third quarter along with a lackluster outlook. After a weak last quarter, Jim warned that Estee Lauder’s next report may not be as strong either, as the recovery in retail sales in Asia continues. 3. Buy Caterpillar Baird cut his price target on manufacturing company Caterpillar ( CAT ) to $180 a share from $185 on Monday, while maintaining an underperform rating on the stock. The firm says Caterpillar reached its peak in accumulation following the company’s first-quarter results late last month. However, this is a pessimistic, short-term view. We continue to expect Caterpillar to be the top recipient of US government infrastructure spending starting this year, adding to our CAT position on Monday. Shares of Caterpillar, down more than 10% since the start of the year, traded mostly flat at around $215 apiece. (Jim Cramer’s Charitable Trust is long AAPL, EL, CAT. See the full list of stocks here.) As a CNBC Investing Club with Jim Cramer subscriber, you will receive trade alerts before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling shares in his charitable trust’s portfolio. If Jim was talking about stocks on CNBC TV, he waits 72 hours after the trade alert is issued before he executes the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND PRIVACY POLICY ALONG WITH OUR DISCLAIMER. NO FIDUCIARY OBLIGATION SHALL EXIST OR CREATE BY YOUR ACCEPTANCE OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO PARTICULAR RESULT OR PROFIT IS GUARANTEED.
