Every weekday, CNBC Investing Club hosts a “Morning Meeting” livestream with Jim Cramer at 10:20 a.m. ET. Here's a recap of Tuesday's key moments. U.S. stocks were little changed on Tuesday as the market digested hotter-than-expected inflation data. April's producer price index came in above estimates, further complicating the Federal Reserve's rate cut schedule. However, Jim Cramer argued that a negative revision to the March PPI offset price pressures in Tuesday's release. The club pays attention to the consumer price index on Wednesday, which is more important for understanding the general trend of inflation. Elsewhere, the return of meme stocks like GameStop is a big topic on Wall Street. Members should avoid getting caught up in the madness because it will definitely end as badly as it did three years ago. Shares of Danaher rose nearly 2% on Tuesday. But you shouldn't sell a life sciences company's shares based on strength, Jim argued, suggesting that recent momentum could prompt some investors to revisit the stock. “You don’t sell a stock that’s finally moving,” he said. “It's stuck in the mud and people like it now.” The long-awaited turnaround in biotech industry funding and improvements in customer inventories were evident in Danaher's earnings report last month, which sent shares up 7, 2% in a single session. We'll be watching for updated comments from management at a Bank of America healthcare conference later on Tuesday. The stock has now risen by more than 10% since the beginning of the year. Amazon announced Tuesday that Amazon Web Services CEO Adam Selipsky will step down in June. Selipsky will leave Amazon's cloud computing business in a strong position as first-quarter revenue rose 17% year over year. Shares of the club holding company fell about 0.5% on Tuesday. “He did a remarkable job,” Jim said. “I understand why [the stock] is down because he's a titan.” Matt Garman, an 18-year company veteran who currently serves as senior vice president of sales and marketing at AWS, is expected to replace Selipsky. (Jim Cramer's Charitable Trust has long been DHR, AMZN. See here (See a full list of stocks here.) As a subscriber to 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 If Jim has discussed a stock on CNBC television, he will wait 72 hours after the trade alert is issued before executing the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , ALONG WITH OUR DISCLAIMER, THERE ARE NO FIDUCTIVE OBLIGATIONS OR OBLIGATIONS IN RECEIVING YOUR INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB.
Carl Reiner has been an expert writer on all things MANLY since he began writing for the London Times in 1988. Fun Fact: Carl has written over 4,000 articles for Mans Life Daily alone!
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