Jim Cramer says shares of this once-dormant tech giant will ‘run for a long time’
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 S&P 500 rose as oil prices fell and investors reacted to solid earnings reports. West Texas Intermediate crude fell 3%. Jim Cramer said Tuesday’s stock market had a “nice rebound” after Monday’s setback. Cramer identified two prevailing themes: (1) the usual oil decline and bond yields down, stocks up; and (2) “software or hardware – yesterday it was software time, today it is hardware time.” 2. Amazon shares soared to an all-time high on Tuesday, a day after the launch of Amazon Supply Chain Services for businesses. After meeting with Amazon CEO Andy Jassy on “Mad Money.” Jim had one big takeaway: The payoff on this year’s expected $200 billion in spending isn’t far off. Jim said Amazon’s “naysayers” fail to understand how the company will benefit from their investments. “Amazon understands more than anyone else,” Jim argued. “After being motionless for a long time, [the stock’s] Previously on CNBC, Jim said the big spending guide was “the crime they’re playing.” Jim pointed out that Jassy talked about making money in 2027-2028. “That’s not that far off.” When asked if Amazon was his favorite Mag 7 stock over Alphabet, Jim smiled and said Amazon was “very good.” He didn’t choose. 3. Eaton fell over 3% after delivering strong earnings but missed guidance. “We’re buying because the market is wrong,” Jim said. On the other hand, Jim is happy with DuPont’s cash holdings and said despite the rise, “This is a great time not to sell your DuPont stock.” Watch your inboxes and messages for our full analysis of both Eaton and DuPont earnings. what appeared at the end of the video were: Palantir, PayPal, Coinbase, Pfizer, and Shopify (Jim Cramer’s Charitable Trust is long AMZN, ETN, and DD. See here for a full list of stocks.) When you subscribe to the CNBC Investing Club with Jim Cramer, Jim waits 45 minutes after sending a trade alert before buying or selling a stock. If Jim talked about a stock on CNBC TV, he waits 72 hours after issuing the trading alert before executing the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND OUR PRIVACY POLICY AND WITHOUT ANY OBLIGATIONS OR DUTIES OF CONFIDENTIALITY. NO RESULTS OR PROFIT FROM RECEIVING ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB CAN BE GUARANTEED.
