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. Fed and Jobs Report Stay With China’s Reopening Stocks View Eli Lilly 1. Fed and jobs report stocks were trading higher on Monday as investors await Federal Reserve commentary and new economic data later this week. Fed Chairman Jerome Powell will testify on monetary policy before Congress on Tuesday and Wednesday. His comments are expected to give further hints on the way for further hike in interest rates to tackle the stuck inflation. The February jobs report is set for release on Friday, with wage growth as one metric in focus. Hotter than expected hourly earnings could mean higher rates and market volatility in the long run. 2. Stay tuned as China reopens stocks Oil prices edged higher on Monday, reversing an earlier decline after China issued a cautious GDP target of around 5% for 2023. This is seen as only a minor increase, given the Chinese government’s economic reopening and pivot away from it. Zero-Covid Policy. However, we don’t see China’s GDP target as a reason to change our investment thesis on club holdings with heavy China exposure, such as Estee Lauder (EL), Starbucks (SBUX), and Wynn Resorts (WYNN). China is a huge growth market for each company and improving economic activity in the region is expected to be a catalyst for these Chinese consumer-oriented stocks. 3. View Eli Lilly Jefferies initiated coverage on drugmaker Eli Lilly (LLY) with a hold rating and a price target of $290 per share. Analysts believe the stock is “perfectly priced” at the current level of $318. The firm is “bullish” on Monjaro, Lilly’s new diabetes treatment that is also under review for obesity. Jefferies is estimated to have $40 billion in peak sales. However, analysts are more conservative on long-term margins for the pharma giant’s Alzheimer’s program. Lily of the valley’s potential in weight loss doesn’t work in Alzheimer’s, which is why we’re in the stock, which makes up a large position in our portfolio. We would like to add more stocks under $300. (Jim Cramer’s charitable trust is long EL, SBUX, WYNN, LLY. See here for a full list of stocks.) As a subscriber to 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.