CrowdStrike is buying more of its beat-up stock. Should investors join?

Every weekday, CNBC Investment Club with Jim Cramer hosts a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Monday's highlights. 1. The S&P 500 was in the green on Monday on hopes of a possible US-Iran ceasefire. President Donald Trump said over the weekend that he would give Iran until Tuesday night to make a deal or face power plant and bridge bombings. But Jim Cramer said during the Morning Meeting that the market believes Trump is "willing to push back" that deadline as he has in the past. What should we do? If members are looking for big profits, Jim said, it might be time to cut and preserve some of those paper profits. 2. Research analysts at Goldman Sachs raised their price target on Wells Fargo Club to $96 per share from $93. They said Wells was the best-positioned stock before earnings in their coverage universe. Jim said he wouldn't put Wells down to around $81 per share here because that number isn't "even close" to its all-time high of about $96 on Jan. 6. As for the other portfolio name, Capital One, Barclays cut its PT to $226 from $287. Jim said Wall Street analysts were "pretty bad" in their calls for Capital One, underappreciating the potential of the Discover acquisition and its low stock valuation. 3. CrowdStrike increased its share repurchase program by $500 million to $1.5 billion, and along with other enterprise software names saw the share decline as an opportunity. We never thought CrowdStrike or our other Club cyber name, Palo Alto Networks, should give up on fear of AI disruption. On the contrary, the proliferation of artificial intelligence reveals that cybersecurity needs to be more, not less. How can something put together at Anthropic turn around and control Anthropic's AI models? Jim said he spoke with CrowdStrike CEO George Kurtz this weekend. “They are tired of the misinformation,” Jim said. CrowdStrike's buy equivalent is rated 1.4. The stocks covered in the rapid fire at the end of Monday's video were: JPMorgan, Netflix, Tyson Foods, as well as chemical stocks Dow Inc., Westlake and LyondellBasel. (Jim Cramer's Charitable Trust is long GS, GOOGL, WFC, COF, CRWD, PANW. See here for a full list of stocks.) When you subscribe to the CNBC Investment Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trading alert before buying or selling a stock in his charitable foundation's portfolio. If Jim talked about a stock on CNBC TV, he would wait 72 hours after issuing the trading alert before executing the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, TOGETHER WITH THE DISCLAIMERS. NO CIVIL OBLIGATIONS OR DUTIES EXIST OR SHALL BE RESULTING FROM YOUR RECEIVING ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO SPECIFIC RESULT OR PROFIT CAN BE GUARANTEED.