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 stock market is lower Tuesday as investors weigh the latest earnings and trade news. “It seems like a very mixed day because there’s a rotation going on. People [are] going out of hot stocks into cold stocks,” Jim Cramer said. “You don’t want to go buy the stocks that I would describe as meme stocks. You want to buy the real stocks.” Jeff Marks, director of portfolio analysis, said that some stocks are “prone for some profit taking” after “going up day after day.” In the latest on trade, Treasury Secretary Scott Bessent said Tuesday that President Donald Trump’s China tariff deadline on Aug. 1 is likely to be extended when he meets Chinese officials next week in Stockholm. Meanwhile, Club name Danaher reported better-than-expected earnings. We trimmed shares on Monday. 2. Some of our AI portfolio names, including Nvidia , Broadcom , GE Vernova , and Eaton , are down following a Wall Street Journal report that the Stargate AI project between Softbank and OpenAI is struggling to get going. “Watch profit taking” in those companies, said Marks. Initial plans for an immediate $100 billion investment has shifted into a smaller data center project that is to be built by the end of the year. Separately, OpenAI announced Tuesday that it is partnering with Oracle to develop 4.5 gigawatts of additional Stargate data center capacity in the U.S.. According to Barclays analysts, the scale back presents “a clear risk to the bull thesis” on AI capex and electrical equipment demand. 3. Eaton , Eli Lilly , and Nvidia made Morgan Stanley’s list of 15 names that they are confident about going into earnings. Analysts expect Eli Lilly to outperform Street estimates for the second quarter, with a roughly $760 million beat on sales of its diabetes and weight loss drugs Mounjaro and Zepbound. As for Eaton, Morgan Stanley is confident in Eaton’s pricing power and ability to drive volumes higher. The firm expects an acceleration in revenue and earnings per share at Nvidia on the back of strong demand for its AI chips. 4. Stocks covered in Tuesday’s rapid fire at the end of the video were: Coca Cola , RTX , General Motors , Sherwin Williams , and DR Horton . (Jim Cramer’s Charitable Trust is long AVGO, ETN, GEV, LLY, NVDA. 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.
