What's behind Salesforce's record highs — plus, a possible stock to buy after this week's earnings

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Monday's key moments. 1. The S & P 500 edged higher Monday, extending Friday's postelection all-time highs. The tech-heavy Nasdaq was basically flat. Club chip names Advanced Micro Devices , Broadcom , and Nvidia were lower — so were the rest of our Super Six except for Alphabet . The megacap tech rally pause suggests the market rally is broadening out. Highlights for the week include two key inflation prints — the consumer price index Wednesday and the producer price index Thursday — and retail sales Friday. Club name Home Depot and Disney report earnings on Tuesday morning and Thursday morning, respectively. 2. Salesforce shares jumped to an all-time intraday high Monday after the company announced late Friday plans to hire 1,000 new salespeople for its Agentforce tool. That's a "positive demand signal" for the artificial intelligence platform and a major turnaround from the weakness it saw earlier this year due to a slowdown in demand, said Club portfolio director Jeff Marks. Wall Street firm Jefferies boosted its Salesforce price target to $400 per share from $350, implying 40% updside from Friday's close. The analysts said their industry checks indicate increased interest in larger deals after Salesforce's annual Dreamforce conference in September. This year's event showcased the company's artificial intelligence capabilities. We haven't "heard this sentiment around Salesforce for quite some time," noted Marks. 3. Home Depot's third-quarter results this week are expected to be soft, with same-store sales down year over year. Marks said, however, the Club would be buyers of any post-earning pullback in anticipation of a rebound once mortgage rates cool off. A new housing turnover cycle will likely spark demand for home upgrades playing right into Home Depot's strengths. The stock was up more than 1% Monday, suggesting investors have already priced in the weaker print and were looking ahead to its recovery as the Federal Reserve continues to cut interest rates. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Monday's key moments.