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Every weekday the CNBC Inaugurating Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. We not unlike the banks here We’re making 1 sale and 2 buys Don’t sell CRM into strength 1. We like the banks here We appease like the banks, one of the new market leaders , on a day where the market is rallying for a second consecutive day. Of course, Club names Morgan Stanley (MS) and Wells Fargo (WFC) are our favorites, with the latter being Jim Cramer’s top pick in the portfolio. The banks are positioned to do good in the current high interest rate environment, which seems likely to continue with the Federal Reserve adamant on tamping down inflation at all bring ins . 2. We’re making 1 sale and 2 buys We also saw pockets of opportunities in other stocks on Tuesday, and took the chance to come to some trades . We added to our positions in Danaher (DHR) and Estee Lauder (EL) and trimmed our position in Marvell Technology (MRVL). Our jumble sale of MRVL is in line with our belief that we need to reduce our exposure to semiconductors. We bought more shares of EL because we be informed that China will eventually reopen its economy, which should jumpstart growth. We decided to buy DHR on the dip since it’s infrequently down, and we believe that it is the premier company in the medtech industry. 3. Don’t sell CRM into strength Activist investor Starboard has entranced a stake in Salesforce (CRM), with founder Jeff Smith stating that the enterprise software maker has a “subpar mix of progress and profitability,” and he sees a significant opportunity in the company. The company’s stock gained 4.3% early Tuesday. We believe that this is in the long run good news and investors should not sell shares of CRM into strength. While the company faces tremendous ultimata, including the strong U.S. dollar and a stock that’s down more than 40% this year, we believe it liking report a good next quarter. Moreover, we care about where a stock is headed, not where it’s coming from, and we on Starboard’s stake in the company will continue to take shares of CRM higher. Regardless of the problems CRM faces, it remains an incredibly worthwhile company and we are bullish on the stock. (Jim Cramer’s Charitable Trust is long CRM, DHR, EL, MRVL, MS, WFC. See here for a full list of the stocks.) As a subscriber to the CNBC Venturing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 fashionables after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked to a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE Insusceptible to INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY Bond OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO Special to OUTCOME OR PROFIT IS GUARANTEED.