Jim Cramer says shares of this once-dormant tech giant will 'run for a long time'
Every weekday, the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Tuesday's key moments. 1. The S & P 500 rose as oil prices fell and investors reacted to a...
$4,200-$4,600 — Gold (GC) Where to settle in June?
An important development from the financial markets: Every weekday, the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a. Here's a recap of Tuesday's key moments. The S & P 500 rose as oil prices fell and investors reacted to a solid batch of earnings reports.
West Texas Intermediate crude dropped 3%. Jim Cramer said Tuesday's stock market was a "nice bounce back" following Monday's retreat. Cramer identified two prevailing themes: (1) the usual oil down and bond yields down, stocks up; and (2) it seems to be "software or hardware — yesterday, it was software's turn, today it's hardware's turn.
Economic Details
Amazon shares jumped to another all-time high Tuesday, one day following the launch of Amazon Supply Chain Services for businesses. After sitting down with Amazon CEO Andy Jassy on "Mad Money. " Jim had one big takeaway: The payoff on this year's expected $200 billion of spending is not far off.
Jim said that Amazon "naysayers" are failing to understand how the company will capitalize from its investments. "Amazon understands more than anyone," Jim argued. "After being dormant for a lot of time, going to run for a long time.
Eaton fell over 3% after delivering strong earnings but missed on guidance. The stock will come back, Jim said. " We are buying because the market is wrong.
Analyst Views
" DuPont , on the hand, surged over 9% after a small top line beat and raised its guidance. Jim is happy with DuPont's cash availability, allowing for potential mergers. Despite the rally, Jim said it is a "great time to not sell your DuPont" shares.
Watch your inboxes and texts for our full analysis on both Eaton and DuPont earnings. Stocks covered in Tuesday's rapid fire 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 the stocks. ) As a subscriber 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 trade alert before buying or selling a stock in his charitable trust's portfolio.
Financial markets are tracking the development closely as investors assess the likely impact.
