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. 1. On this last day of a terrible March on Wall Street, the Nasdaq was again leading to the downside. The S & P 500 briefly broke below its previous low for the month. Worries about President Donald Trump ‘s sweeping tariffs, set to be unveiled Wednesday, continued to slam tech. “People are trying to find bottoms. They are trying to bet that this is one of the worst days,” Jim Cramer said during Monday’s Morning Meeting. “We have sold a stock that we have been telling people to sell for a month — and that is Alphabet .” The reason for the exit? We think that artificial intelligence models encroaching on Google Search is only going to get worse. The Club now only owns five of the “Magnificent Seven.” 2. There are pockets of strength Monday, mainly defensive stocks, which were helping the Dow stay slightly positive. “I see things to buy, and we do have some money” from the Alphabet sale and our large cash position, Jim said. He named some possible buys, including Club names Texas Roadhouse and Costco . He said Costco is our “most defensive” stock and could be a buy Monday if it were not higher. “Buy down, not up,” Jim said. “To chase on a day like today is wrong.” 3. Wells Fargo analysts put new Starbucks CEO Brian Niccol’s pledge of coffee in 4 minutes to the test. They ordered 100 lattes — half in store and half online — during peak hours in 10 locations in New York City. The median wait time was 3.3 minutes. Jim said Niccol is “doing it right” and questioned Jeff Marks, director of portfolio analysis at the Club, whether new investors should buy Starbucks stock. Jeff said he would wait due to all the uncertainty in the market over Trump’s looming tariffs and the tech stock breakdown. 4. Stocks covered in Monday’s rapid fire at the end of the video were Yum Brands and Moderna . (Jim Cramer’s Charitable Trust is long TXRH, COST, SBUX. 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.