The CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream every weekday at 10:20 a.m. ET. On Tuesday, U.S. stocks were under pressure ahead of the Federal Reserve’s interest rate decision. No change in rates is expected, but investors are eager for hints on potential cuts later in the year. The financial sector was hit hard on Tuesday, with Club names Morgan Stanley and Wells Fargo both experiencing losses. Jim Cramer expressed interest in buying in this market but cautioned that it’s tricky with the upcoming Fed announcement and consumer inflation data release.
GE Healthcare shares fell over 1% on Tuesday, despite Jim Cramer believing Wall Street’s reaction was wrong. He sees potential for GEHC to rise higher, especially with the recent voting by independent advisors in favor of Eli Lilly’s Alzheimer’s drug. Approval from the full FDA would increase demand for GE Healthcare’s MRI solutions, as imaging is necessary for this type of treatment. JPMorgan analysts highlighted that investments in AI-driven data center infrastructure are expected to continue, benefiting portfolio name Dover, which manufactures pumps used in liquid cooling systems for these facilities. Jim expressed a desire to increase his position in Dover over time.
As a subscriber to the CNBC Investing Club with Jim Cramer, members receive trade alerts before Jim makes a trade. Jim follows a protocol of waiting 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim discusses a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. It’s 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 established by receiving information from the Club, and there is no guarantee of specific outcomes or profits.
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