Here’s what Cramer wants to see from Capital One when the bank reports tonight
Every weekday, CNBC Investment Club with Jim Cramer hosts a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s highlights. 1. The stock market fell after Tuesday’s Morning Meeting ended. One possible culprit: a rise in oil prices ahead of the Iran war ceasefire agreement that ends Wednesday. U.S. benchmark West Texas Intermediate crude rose nearly 4% to $93 a barrel after remaining steady in morning trade. Before the opening bell, President Donald Trump told CNBC that he thought the United States would “make a great deal” to end the war with Iran. Even before stocks tumbled, Jim Cramer said the market was having a “wild day,” noting notable moves in areas as diverse as banks, defense stocks, semiconductors and software. Meanwhile, the Club launched a new position in Arm Holdings on Monday. Kol shares rose partially on Tuesday. 2. CrowdStrike was upgraded to a buy equivalent rating by KeyBanc, which also issued a $525 price target. Analysts said AI tailwinds were coming, arguing that Anthropic’s Mythos model was a catalyst for demand for AI-driven cybersecurity. “This upgrade defeats the purpose,” Jim said, because many people think Anthropic is trying to displace companies like CrowdStrike. Rather, Jim said he discussed with CrowdStrike CEO George Kurtz how the company “has great hope and will have more customers than ever before” in a world full of AI-powered cyberattacks. “This stock is at a very high level. And it’s crazy,” Jim said. But analysts have held off on upgrading our other cyber name, Palo Alto Networks, saying they want to see clearer implementation of recent deals to buy CyberArk and Chronosphere before moving further bullish. 3. Capital One reports after the closing bell on Tuesday night. The company reported a disappointing quarter last time; high investments had led to loss of earnings per share. Jim said he’s a little cautious about stocks rebounding toward earnings in recent weeks. When the results came out Tuesday, Jim said he’d like to see Capital One be more aggressive in stock buybacks. He also wants to see “some rationalization” in the acquisitions of Discover and fintech firm Brex. “We haven’t seen either of them yet,” he said. 4. At the end of the video, the stocks covered in Tuesday’s rapid fire were: GE Aerospace, RTX, UnitedHealth Group, 3M and DR Horton. (Jim Cramer’s Charitable Trust is CRWD, COF, and PANW. See here for a full list of stocks.) When you subscribe to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trading alert before buying or selling a stock in his charitable foundation’s portfolio. If Jim talked about a stock on CNBC TV, he would wait 72 hours after issuing the trading alert before executing the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, TOGETHER WITH THE DISCLAIMERS. NO CIVIL OBLIGATIONS OR DUTIES EXIST OR SHALL BE RESULTING FROM YOUR RECEIVING ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO SPECIFIC RESULT OR PROFIT CAN BE GUARANTEED.
