CNBC Investing Club with Jim Cramer hosts a “Morning Meeting” livestream each weekday at 10:20 AM ET. Let’s know about the major moments of Monday. CAT BUY on pullback EL set for rise in CRM 1. CAT BUY on pullback Baird on Monday downgraded construction equipment maker Caterpillar (CAT) to neutral from buy, arguing that the stock has hit a “cyclical pivot point.” is getting closer – a call with which we do not agree. Not all of the company’s upcoming construction projects are included in its backlog, which means it has more potential for growth. The industrial giant is expected to benefit from the US government’s $1 trillion infrastructure spending bill, as the money begins to flow out this year. We would be a buyer here if not banned from cat trading for the time being, and could add to our position this week. Shares of CAT closed down about 0.35% at $246.79 in midday trading Monday. 2. EL Estee Lauder (EL) stock climbed nearly 1.6% on Monday to $254.22 per share after Piper Sandler raised its price target on the cosmetics firm from $290 to $298 per share. We expect Estée Lauder’s inventory in U.S. department stores to become higher while the firm should continue to gain market share in China, a region that accounts for about a third of the beauty company’s total revenue. We bought EL shares last Friday on a pullback on the expectation that the stock will continue to rise. 3. View CRM Shares of Salesforce (CRM) were up 1.8% on Monday after Bank of America analysts clubbed what they call the next quality “GARP,” or growth at fair value stock. Analysts said the company is on track to expand its annual margin and raised its price target to $200 a share from $180 a share. The enterprise software giant has restructured its business and got serious about cutting costs, as activist investors pressure the company to make changes to unlock shareholder value. If the company is able to deliver annual margin expansion, as analysts at BofA anticipate, we believe the stock could go even higher. (Jim Cramer’s charitable trust is Long CAT, EL and CRM. See here for a complete list of stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you’ll receive trade alerts before Jim trades. Jim waits 45 minutes to send a trade alert before buying or selling stocks in his charitable trust’s portfolio. If Jim talks about a stock on CNBC TV, he waits 72 hours after the trade alert is issued before executing the trade. The above Investment Club information is subject to our terms and conditions and privacy policy, along with our disclaimer. No fiduciary obligation or duty exists, or is created, by virtue of your receipt of any information provided in connection with Investment Club. No specific results or benefits are guaranteed.