The CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream every weekday at 10:20 a.m. ET. On Tuesday, the S & P 500 fell slightly as Wall Street reacted to higher bond yields, tensions in the Middle East, and corporate earnings reports. Results from companies like Morgan Stanley and UnitedHealth Group were mostly positive, with UnitedHealth Group’s better-than-expected numbers causing its shares to rise by over 5%. Despite back-to-back declines, the S & P 500 moved further into oversold territory, according to the S & P 500 Short Range Oscillator.
Jim Cramer, who was on vacation, shared his market thoughts with club members, mentioning that throughout the year they had been scaling out positions into strength, leaving cash for times like these when the market is coming down. The club is looking to put some of that cash to work and members should watch their email inboxes and texts for updates. Shares of Salesforce stabilized and rose slightly after experiencing a significant drop the previous session, following reports of potential acquisition talks with data-management firm Informatica. Morgan Stanley analysts released a note to clients stating that a potential transaction valuing Informatica at around $12 billion meets Salesforce’s criteria for responsible mergers and acquisitions.
As a subscriber to the CNBC Investing Club with Jim Cramer, members will receive a trade alert before Jim makes a trade. There is a 45-minute waiting period after the alert before any buying or selling occurs in Jim’s charitable trust’s portfolio. If Jim has discussed a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. It is important to note that the information provided by the investing club is subject to terms and conditions, privacy policy, and disclaimer. No fiduciary obligation or duty is created by receiving information from the club, and there is no guarantee of a specific outcome or profit.
Overall, Tuesday’s key moments included the S & P 500 falling modestly, positive corporate earnings reports, and Jim Cramer’s market thoughts regarding scaling out positions into strength. Members were advised to watch for trade alerts and updates on potential investment opportunities. Shares of Salesforce and Morgan Stanley were among the stock movements discussed, with potential acquisition talks shaping market sentiment. The CNBC Investing Club with Jim Cramer provides valuable insights and trade alerts to members, with clear guidelines on trade execution and precautions to ensure responsible investing practices. It is important for members to understand the terms and conditions of the club and to follow the guidelines provided for successful trading outcomes.
