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. Stocks rose on Tuesday with the S & P 500 touching another fresh intra-day record high, fueled by investor optimism after the latest round of earnings. Jim Cramer disagreed with a report in The Wall Street Journal arguing that the stock market has peaked. “The skepticism is generated, I think, from this data center versus real economy [problem],” Jim said. But if investors are selling on the idea that the market has topped, it’s “a good opportunity for us to take advantage of” any decline by picking up shares of high-quality companies, Jim said. On that note, the Club purchased Corning this morning. Looking ahead, Boeing reports on Wednesday before the opening bell. 2. Microsoft , an early backer and key partner of OpenAI, said Tuesday that it supports the AI company’s recapitalization plan , which simplifies the corporate structure. For its part, Microsoft’s 27% stake in OpenAI’s pro-profit arm is valued at about $135 billion. The plan extends Microsoft’s intellectual property rights until 2032. OpenAI has also agreed to purchase $250 billion of services from Microsoft’s Azure cloud unit. Microsoft will no longer have a first right of refusal to be OpenAI’s provider. Jim said, “Azure’s going to get more business.” Microsoft earnings Wednesday evening. 3. The spin-off companies from Honeywell and DuPont — Solstice and Qnity, respectively — will both be in the S & P 500 after the splits. “It matters because since they will be included in the S & P 500, all those index funds that get these entitlements from the spins… they’re not going to be forced to sell [the stocks],” said Jeff Marks, director of portfolio analysis for the Club. Spin-offs usually come with volatility, Marks noted, as investors decide whether to buy more shares of the parent company or the spun company. On a positive note, Goldman Sachs this week initiated coverage of Qnity with a buy rating and a price target of $110 per share. 4. Stocks covered in Tuesday’s rapid fire at the end of the video were: UnitedHealth , United Parcel Service , PayPal , D.R. Horton , and Carrier Global . (Jim Cramer’s Charitable Trust is long AMZN, BA, DD, GLW, HON, MSFT. 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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
