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. The stock market surged Monday after President Donald Trump abandoned plans to strike Iran, sending oil prices lower. West Texas Intermediate crude fell almost 6% to trade below $80 a barrel. Jim Cramer called it "a Boeing day," as shares of the planemaker jumped nearly 5% on oil's decline. While thrilled with the move in Boeing , Jim said it's "a reminder that it's a thematic market," where stocks can swing wildly without an obvious change in their fundamentals. "Oil does control a lot of what happens," Jim said. 2. Jim said Amazon is finally "breaking out" as shares rose more than 4% Monday and set a new intraday high of around $287 apiece. The advance extends Friday's post-earnings rally, when shares jumped 15.3% for their best one-day gain since 2012. CEO Andy Jassy's thoughtful defense of the company's massive AI infrastructure spending has helped improve sentiment around both Amazon's stock and its hyperscaler peers in Alphabet , Microsoft , and Meta . Not long ago, the market was punishing these stocks for their aggressive investments, but Jim noted that we were willing to be patient. "This is really a vindication of what we did, which is say we're going to stick with the hyperscalers because we think that what's happening with the data center is going to produce a big return." In his Sunday column , Jim ranked Amazon has his favorite of the hyperscalers, followed by Microsoft, Alphabet and then Meta. 3. Eaton shares are up nearly 4% after Evercore upgraded the electrical equipment maker to a buy-equivalent rating and raised its price target to $502 from $453. The firm said Eaton's beat-and-raise quarter Friday "added needed credibility." Jim agreed, saying "I thought that Eaton put the best foot forward. I liked it." Corning was also upgraded to a buy rating at Truist, though analysts lowered the price target to $175 from $205. Analysts said they were waiting for a more reasonable entry point and now have one following a 45% pullback in July. The Club upgraded Corning to a buy-equivalent 1 rating last week. After we trimmed Corning three times in June, before its dramatic pullback, Jim said he now "wants to replenish" our position in the maker of fiber optic cables used in data centers. While some investors might've been disappointed in Corning's earnings report last week , Jim said it's "ridiculous" to have such a short-term view on this stock. 4. Stocks covered in Monday's rapid fire at the end of the video were: Bristol-Myers Squibb , Tyson Foods , Marriott International , and NextPower . (Jim Cramer's Charitable Trust is long AMZN, BA, GLW, GOOGL, META, and MSFT. 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.