Jim Cramer's advice to investors dealing with the fallout from the US-Israeli attack on Iran: be selective. With stocks initially selling off (but well off their lows in late morning trading – stay tuned) and oil rising on fears of a supply disruption, Jim sees action to be taken in the first day of trading on Wall Street since the conflict began. But at this point, the conflagration in the Middle East does not require a large-scale rethinking of the portfolio, or anything like that. .SPX @CL.1 5D mountain S&P 500 and WTI over the last 5 sessions For example, it doesn't derail the long-term story around the adoption of artificial intelligence, to the point that, during Monday's morning meeting, Jim said that investors who don't own any Nvidia can start building a position here. Where else are there opportunities to put money to work? Jim recommends looking for an industry that is insulated from any economic consequences. “When I go over what I want to buy here, I go back and say healthcare because healthcare is not going to be affected,” Jim said Monday on CNBC. We did just that Monday morning, starting a position at Cardinal Health, a major behind-the-scenes player in the healthcare industry that distributes pharmaceuticals and medical supplies. Cardinal Health also has some interesting growth initiatives, including a number of acquisitions of managed services organizations, which are companies that handle the business operations of physicians and clinicians. During our monthly meeting on Friday, we added Cardinal Health to our Bullpen watch list. On the other hand, Jim believes that the market reaction is creating opportunities to relax in certain areas, especially oil. That had been a strong group of stocks in 2026, even before additional gains on Monday due to spikes in crude oil prices. The energy sector ended Friday up 25% so far this year, benefiting in part from a rotation toward “asset-heavy” companies and a rise in oil prices as investors priced in heightened tensions in the Middle East. “It's a good time to sell,” Jim said Monday, recommending cutting any oil positions by about half. The Club does not own oil shares and has not done so since leaving Coterra Energy last summer. That advice is expanded upon in his Sunday night column for Club subscribers. Here's what Jim wrote on Sunday about oil: “The world is awash in oil, and those who have the most to take advantage of the moment of supply disruption will produce more. It will be uncomfortable and feel terrible to sell Exxon Mobil here. I get it. But those are the stocks that are most inflated compared to their fundamentals. Anyone who remembers the Gulf War in 1990 knows that these are the ones that fall first after the initial spike that gives you the opportunity to sell. Oil will come.” to say goodbye to those who had the foresight to own these stocks.” On Sunday night, Jim also mentioned that he would look to reduce exposure to consumer staples, a sector that has also been a big winner in 2026 ahead of Monday's session. Club name Procter & Gamble, a member of the staples cohort, is often seen as a classic safety stock. But on Monday it was down about 1.5%, perhaps a reflection that a rise in oil prices could pressure consumers at the pump and limit their spending in other areas of life. As of Monday morning we had not taken any action on our position in P&G, which has been a good stronghold for our portfolio since we bought it in November. Additionally, we are optimistic that the new CEO, Shailesh Jejurikar, can deliver operational improvements at the owner of Tide and Bounty (Jim Cramer's Charitable Trust is long positions in NVDA, CAH and PG. See here for more information). a complete list of 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 fund's portfolio. If Jim has discussed a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. OUR TERMS AND CONDITIONS AND PRIVACY POLICY, TOGETHER WITH OUR DISCLAIMER, NO OBLIGATION OR FIDUCIARY DUTIES EXIST OR CREATED BY VIRTUE OF THE RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO RESULT OR BENEFIT IS GUARANTEED. SPECIFIC.
