Every weekday, the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here are the key moments from Tuesday:
Stocks are moving lower on Tuesday, led down by technology and momentum stocks. The S & P 500 and Nasdaq fell 0.70% and 1.5%, respectively. Semiconductor and memory names, including Advanced Micro, Broadcom, and Micron, are caught up in the sell-the-news trade after Samsung shares dropped after reporting preliminary second-quarter earnings Monday on concerns about AI infrastructure spending and demand. That's pushing investors toward safer areas of the market, like healthcare and financials:
Jim Cramer said he would handle this "vicious rotation" by buying fundamentally strong companies whose stocks are down the most. We bought Intel on Monday but are restricted on GE Vernova. We also picked up shares of Honeywell Aerospace this morning:
Healthcare is a cyclical sector that's bucking the broader downbeat market and benefiting from the shift away from high-flying tech. "This is a UNH, CVS, Cardinal Health market," Jim said, highlighting the sector's best-of-breed companies, including Johnson & Johnson, up 3.6% Tuesday:
Financials have had a good run, too. In fact, it's the best-performing sector so far this month. Club stock Wells Fargo is starting to catch up to the pack ahead of earnings next Tuesday:
