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. We like industrials Believing in Amazon Still bullish on LLY 1. We like industrials Wall Street was lower Monday, especially the Nasdaq , continuing last week’s losses. Morgan Stanley said in a note that rising interest rates and elevated inflation, as well as a worsening earnings outlook, bodes poorly for stocks. However, we prefer to get our read on the economy from actual companies’ results rather than simply economic data. To that end, we still like the industrial stocks here. Secondarily, we also like pharma and non-discretionary consumer goods companies. A couple of our Club names are Emerson Electric (EMR), our newest position started last week, and Humana (HUM). 2. Believing in Amazon We bought 50 shares of Amazon (AMZN) on Monday, emboldened by the oversold market and the company’s ability to improve performance if it gets aggressive with layoffs. Analysts at Atlantic Equities said in a Monday note that Amazon could deliver year-over-year margin growth in the first half of next year, citing opportunities for the company to expand and stabilize e-commerce and Amazon Web Services (AWS) margins, respectively. While we do worry that Amazon is a part of the down-turning Big Tech group, we believe it can fight the tide. 3. Still bullish on Eli Lilly The Food and Drug Administration (FDA) added Eli Lilly ‘s (LLY) new type-2 diabetes drug Mounjaro to its list of drugs in short supply , highlighting strong demand for the medication. Mounjaro’s promise as an obesity treatment, a possible additional indication in trials now, is at the heart of our bull case for the stock. Despite this shortage now, we know that Eli Lilly plans to double its manufacturing capacity next year and that demand could be off the charts if regulators approve Mounjaro for obesity. (Jim Cramer’s Charitable Trust is long AMZN, EMR, HUM and LLY. 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.