We're considering a trim of this entertainment stock after a fantastic 2024 run

Published Mon, Mar 25 202411:42 AM EDTUpdated Mon, Mar 25 202411:56 AM EDT

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. U.S. stocks trended lower on Monday, kicking off a holiday-shortened trading week for Wall Street. Gains in the market were concentrated in the materials and energy sectors, while technology lagged. This is good news for Club holdings Coterra Energy and DuPont de Nemours, which are up 1.5% and 0.5%, respectively. Meanwhile, European regulators opened an investigation into Meta Platforms , Apple and Alphabet , weighing down shares of each. Jim Cramer said investors shouldn't panic as we wait for more information regarding the probe. Walt Disney stock climbed more than 2% Monday after new bullish Wall Street research. Barclays upgraded shares to a buy-equivalent rating from hold, forecasting more earnings growth to come as the company continues its turnaround plan. Analysts boosted the entertainment giant's price target to $135 apiece from $95 as well, a roughly 15% upside from Monday's opening price. If we weren't restricted, we would trim its Disney position after the stock's recent run – up roughly 30% year-to-date. This doesn't mean our thesis on the company has changed. Rather, it's prudent portfolio management as Disney has become the Charitable Trust's largest position. Finally, Melius Research touted Apple stock on Monday. Analysts reiterated that the company's forthcoming generative artificial intelligence services will lead to more upgrades, driving a "super cycle" in 2025. Although the Club agrees that AI will boost sales over time and enhance the user experience, Jim said: "Whenever someone says super cycle, it means they are too aggressive." Apple shares continued to decline amid its ongoing regulatory woes, including the Department of Justice's lawsuit against the tech giant. We aren't overly concerned. "Buy it, if you don't have it," Jim said. (Jim Cramer's Charitable Trust is long AAPL, META, GOOGL, CTRA, DD, DIS. See here for a full list of the stocks.) 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.