The CNBC Investing Club held its April Monthly Meeting on Thursday, with Jim Cramer and Jeff Marks, director of portfolio analysis, hashing it out on each stock in the portfolio. The confab came a day after the S & P 500 closed at its first record high since late January, punctuating its dramatic comeback from the Iran war sell-off. The broad index’s war-driven bottom actually fell one trading after our March Monthly Meeting . We convened on March 27, a Friday, and the following Monday brought one more day of selling. It’s been off to the races ever since. Throughout the war, Jim has urged investors to stay calm and stay invested. The speed and magnitude of this rebound reinforces the pitfalls of throwing in the towel. Honestly, who would’ve seen this rally coming on the day of our March call? The war isn’t officially over, of course. But the market is doing its best to refocus on what companies are doing and saying as first-quarter earnings season ramps up. That’s the backdrop for Thursday’s meeting. Who knows what May will have in store? Now, let’s get into what Jim and Jeff had to say, going in the order they discussed them. The big mistake Nike : We have a huge case of buyer’s remorse, but we don’t want to compound it with seller’s remorse. Turning around the sportswear giant is a much taller task for CEO Elliott Hill than we anticipated. It was wrong to buy more shares in December in response to a wave of insider buying. We’re encouraged by another round this week, though we’re not buying alongside Hill and Apple CEO Tim Cook, who’s a director on the company’s board. We’re giving Hill one more at bat. If next quarter is another swing-and-miss, we’ll bail on the sneaker and apparel maker. The tech heavyweights Apple : Smartphone momentum in China appears to be continuing, and the forthcoming launch of a Google Gemini-infused Siri is a powerful combo. It’s a real competitive advantage. Plus, the foldable iPhone is coming out. No reason to trade this stock. Just own it. Amazon : The stock’s comeback rally is a lesson on patience. The emperor had clothes all along. It just took the market time to realize the strength of the cloud unit, AWS, and its online retail business. We aren’t sleeping on its satellite ambitions either. Broadcom : We trimmed our position in the red-hot chipmaker twice this week. Not because we’ve soured on CEO Hock Tan or its AI business spanning custom chips and networking solutions. The stock had simply gone on a parabolic run since the March lows, and we wanted room to buy some shares back in the case of a pullback. Alphabet : We had seller’s remorse, but we bit the bullet and got back in the stock late last year. We’re glad we did. From Google Cloud to YouTube to search to the promising Waymo robotaxi services, these businesses are booming. Alphabet probably has more ways to win than any of the big guns in this market. Meta Platforms : Owning the Instagram parent here is partially a bet that CEO Mark Zuckerberg’s…
Read More: Here’s our April update on all 31 portfolio stocks, including 3 buys
