Club meeting recap: A chance to buy stocks, watching Caterpillar, China stocks

Stocks rose to welcome the month of may after April's gains on all major averages. JPMorgan announced that it would acquire the majority of assets of First Republic Bank and certain liabilities. On Monday, regulators seized control over the troubled bank. Clients had withdrawn billions of dollars in deposits following the collapse of Silicon Valley Bank. Investors are waiting for the Federal Reserve to announce its interest rate decision on Wednesday, at their May meeting. Jim Cramer stated Monday that the market has priced in a 25 basis point increase, but if central bank officials say they are still waiting for economic data to arrive, "the markets might fall," he said. There could be an opportunity to buy."2. Caterpillar: We might be looking to add to our investment in the infrastructure giant Caterpillar. We don't believe in a sector slowdown, despite some analysts being bearish. Caterpillar is likely to be among the largest winners in a long-term infrastructure upgrade of the U.S. once federal funds are released from the government’s Inflation Reduction Act. Shares of Caterpillar were unchanged Monday at $218. WYNN shares benefit from Macao activity, EL Shares in the gaming giant Wynn Resorts were up 2% Monday at $116 each, on the backs of strong activity there. Macao's gross gaming revenue in April rose 450% - far more than the estimated 349%. This is the best result for a month since January 2020.

Oppenheimer still said that there could be another soft quarter for Club holding Estee Lauder, which receives about one third of its revenue in the region as travel retail is still recovering. The firm lowered their price target for EL shares from $300 to $290 on Monday. We'll have a better idea of the Chinese consumer Wednesday morning when the prestige brand reports its earnings before the bell. (Jim Cramer’s Charitable Trust owns CAT, WYNN and EL. Here is a list of all the stocks. As a CNBC Club subscriber, you'll receive a trading alert before Jim Cramer makes a transaction. Jim Cramer waits for 45 minutes after a trade alert is sent before buying or trading a stock from his charitable trust portfolio. The above information is subject to our Terms and Conditions, Privacy Policy, as well as our Disclaimer. The information provided by the INVESTING CLUB is not a fdiducary obligation or duty. A SPECIFIC RESULT OR PROFIT IS NOT GUARANTEED.