Jim Cramer and his team held their October monthly meeting to review their portfolio of 32 stocks amid a challenging environment for the artificial intelligence sector. Goldman Sachs and Starbucks were identified as the two favorite stocks to buy, while Bank of New York was also added to the portfolio. Apple stands out by defying the AI selloff and trading at all-time highs, a notable contrast to Broadcom which was flagged as a stock to sell due to concerns about AI financing. Goldman Sachs delivered the strongest quarter of any financial company this earnings season, yet its shares still trade at just 12 times earnings, representing an attractive buying opportunity. Starbucks’ turnaround under CEO Brian Niccol is gaining momentum and the coffee chain may be taking market share from competitors.
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