Jim Cramer and Jeff Marks, the club’s director of portfolio analysis, on Thursday presented an update on the holdings of all 34 clubs during their monthly meeting in January. Below are highlights from the first meeting of 2026, starting with four regeneration stories. 4 Turnarounds Nike: The apparel and sneaker retailer is showing real signs of improvement under CEO Elliott Hill, who has already stabilized Nike’s U.S. market. China, another important segment, comes next. Procter & Gamble: Thursday’s weak quarterly earnings report was expected and we see it as a liquidation event for the consumer packaged goods giant. Management said the worst is over and the company is poised for improved performance in 2026, especially after new CEO Shailesh Jejrikar takes the helm. Starbucks: With China now stable and sales trends improving in the U.S. for our core North American business, we remain confident that we can continue to re-accelerate our business. Investors will receive an update during Starbucks’ investor day next week. Although this stock is highly overbought, I am still happy with its current position in my portfolio. Texas Roadhouse: Cattle inflation has been a headwind for restaurant chains for some time, so we recently reduced our position. However, Jim expects the price of beef to fall. As a result, we have no intention of giving up on Texas Roadhouse or profiting from its stock again. …and the remaining 30 Apples: I don’t understand why this stock doesn’t rise further, even though management announced a new partnership with the same club that owns Alphabet. The agreement will allow Apple to use Google’s cutting-edge AI technology in some devices. That’s a big win. Investors who have been sitting on the sidelines should start taking positions in Apple. Amazon: Stocks are sometimes traded based on emotion rather than fundamentals, but Jim urged members not to give up. After all, Amazon continues to deliver wherever you need it. Stocks are poised for a breakout as cloud business accelerates again. Jim also prefers this name to his club names Meta and Microsoft. Broadcom: The custom chip maker had a strong quarter in December, but the stock is still underperforming into the new year. It’s strange that stocks haven’t recovered, given that the broader market rallied after President Donald Trump ended his threatened tariffs on Greenland against a number of European countries. The stock is down more than 4% this year, so I’m considering buying on the edge. Boeing: Jim said this is a stock investors should own for the long term, pointing to the company’s strong free cash flow and recent order growth. I’m pleased that Boeing’s turnaround story is well underway under CEO Kelly Ortberg. BlackRock: We recently strengthened by selling some stocks, but that doesn’t make us any less bullish. BlackRock has announced a series of acquisitions over the past two years that should expand its customer base and further increase its exposure to fast-growing markets such as private credit. As the world’s largest asset manager, no other company has the scale of BlackRock. Bristol-Myers Squibb: Shares are falling despite a lack of new information about the expansion of the company’s schizophrenia drug Cobenfi into treating Alzheimer’s disease, a key to the company’s investment thesis. Despite our recent exam setbacks, we’re still sticking with it. Jim also highlighted Johnson & Johnson, a former club holding that is now in the bullpen. Jim called J&J a “better health care company than we are” after reporting strong fourth-quarter fiscal 2025 results on Wednesday. Capital One: The credit card issuer releases quarterly results after the bell on Thursday. All eyes will be on management’s response to President Trump’s call to cap credit card interest rates at 10% for one year. Jim said it would be unwise for CEO Richard Fairbank to push back against Trump. We focus on the benefits of Capital One’s acquisition of Discover. Costco: We were horrified after Costco reported a mixed quarter in December, showing lower renewal rates and consumers becoming more selective. That is why we decided to reduce our position on December 16th. That said, Jim thinks “we’ve seen the last part of its trajectory.” Salesforce: According to Jim, this is the only problematic technology area in the portfolio. Salesforce stock is under pressure from other companies in the enterprise software group over concerns about the risk of AI disruption. The big question is: Is Agentforce, CEO Marc Benioff’s suite of AI tools, powerful enough to compensate for the weaknesses of the rest of the business? CrowdStrike: This stock stands out from other cybersecurity stocks, such as the club that owns Palo Alto Networks. CrowdStrike’s security platform protects enterprise clients from malicious actors, and its all-star management team, led by CEO George Kurtz, makes the company stand out in this space. Cisco Systems: It’s hard to find a quality networking company that trades at a very reasonable price-to-earnings ratio in the high teens. This is also a great AI effort as the company makes strides to attract more web-scale customers. DuPont: This industry name has stable health care, water, and diversified materials businesses and could perform well even if the Federal Reserve lowers interest rates. But DuPont is exposed to a shrinking electric vehicle market. Although it is a downside risk, it is acceptable as it accounts for less than 10% of total sales. Danaher: The tide is turning for this life sciences company as momentum builds with biotech IPOs and large pharmaceutical acquisitions. In both cases, orders for more equipment should follow. That should help revive Danaher’s bioprocessing equipment business. Dover: The club made some profit on Wednesday. There were no big announcements from Dover that guaranteed an outperformance. Rather, the positive voices of analysts pushed up the stock price. We cannot afford to waste this increase, but we are hesitant to increase any further. Mr. Eaton: We had some good news on Wednesday. Management is considering separating the automotive division, a traditional business with limited growth. We love Eaton because it’s one of the world’s leading electromechanical companies. GE Vernova: Turbine manufacturers continue to be major winners in building AI data centers. We were previously concerned that management would not expand capacity enough to meet demand. That’s not a problem anymore. Corning: This stock trades better than most other data center trades. Corning is differentiating itself in the business of replacing copper in data centers. Corning makes fibers that can reduce heating costs in energy-intensive facilities. We are still in the early stages of this trend. Alphabet: Alphabet is a “complete winner” among the most lucrative mega-cap tech stocks, Jim said. Gemini 3, Google’s latest AI model, has an edge over other chatbots from publicly traded companies. Alphabet’s recent partnership with Apple is also promising, given Apple’s huge installed base. Goldman Sachs: This stock has the most momentum among our financial stocks thanks to its great trading business on Wall Street. According to Jim, this is a story with multiple expansions and is “too cheap to be the best in the industry.” Home Depot: I don’t know what to make of this home improvement retailer. The company is a major beneficiary of interest rate cuts, but it hasn’t performed that way. Peer Lowe’s actually has more momentum. Honeywell International: We have been patient with Honeywell’s delays as it split into an automation company and an aerospace-focused company. Thankfully, Honeywell stock soared after Quantinuum, the world’s largest integrated quantum computing company, filed to go public earlier this month. Honeywell is Quantinum’s majority shareholder. Linde: This stock seems to have gone nowhere since announcing accommodative guidance last quarter. We put up with it. The industrial gas giant has strong pricing power and a diverse customer base. Eli Lilly: We remain confident in the drug manufacturer’s leadership position in the rapidly growing GLP-1 market. The company’s oral GLP-1 is expected to be launched later this year, and its range should further expand. Additionally, several drug launches could be a catalyst in late 2026. Metaplatform: The social media giant is “the best advertising company of our time,” Jim said. The meta is increasing spending on AI, which is a necessary evil to compete. A silver lining: Stock valuations are becoming more reasonable. Microsoft: This was a mystery. Microsoft stock has been on a downward trend over the past three months, dropping 14%. It’s unclear whether that’s because the company’s AI-powered assistant, Copilot, is disappointing, or because there are challenges with its partnership with OpenAI. Stocks are rarely this cheap, so this stock could be a buy. Nvidia: The AI chip leader is in a precarious situation, caught up in geopolitical tensions between the US and China as the two countries race to be at the forefront of AI. Jim believes the stock could continue to trade in a holding pattern until Nvidia’s GTC conference in March, when CEO Jensen Huang is scheduled to show off his latest semiconductor platform, Vera Rubin. We maintain a stance of “own it, don’t trade.” Palo Alto Networks: Another cyber name for the company should continue to benefit from the long-term trend of integrating AI-driven solutions into the cloud. The stock is far off its 52-week high of $223, currently trading at $182 per share. A potential buying opportunity. Qnity Electronics: Despite already being up 25% year-to-date, the stock has room to rise. That’s because the DuPont spinoff supplies materials used in high-performance semiconductors and cell phone technology. Both have seen a huge increase in demand, which is great for sales. TJX Companies: Off-price retailers will benefit from continued retail bankruptcies and closures, including the recent bankruptcy of Saks. These failing brands will end up dumping large amounts of inventory into off-price channels. TJX has a professional merchandising team and always offers discount prices. Wells Fargo: The Wall Street bank failed to beat last quarter’s sales or bottom line. Still, we’re not worried. CEO Charlie Scharf is trying to make Wells more of an investment firm, a move that has so far come at a cost. We are hopeful as these initiatives should further diversify revenue. 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