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 Dow briefly hit a fresh record high on Tuesday as investors rotated out of tech stocks and into companies tied to economic improvements. “We’ve got a market that is very bifurcated,” Jim Cramer said on the Morning Meeting. He pointed to consumer-goods stocks like PepsiCo and Procter & Gamble , both of which were higher. The Club industrials Dover and DuPont also rose. AI leader Nvidia , however, was down 3%, extending its losing streak to three straight sessions. Jim is speaking with Nvidia CEO Jensen Huang for “Mad Money” on Tuesday evening and hopes to figure out what’s going on. 2. “I reiterate that you should buy Alphabet ahead of the quarter,” Jim said, saying he expects Google’s parent company to report “terrific” earnings after Wednesday’s close. But Jim is not throwing the same support behind our other Club name, Amazon , which he said the Street doesn’t like. “Understand that right now, Amazon theoretically could be lumped in with software,” he added. Amazon reports on Thursday evening. 3. Qnity is a stock that “you have to own,” Jim said. Even with the stock trading at just over $100 per share, Jim predicts the electronics company will go much higher. “The reason I say that is because it’s an undervalued play,” said Jim, especially when compared to names like Sandisk or Western Digital . “People should recognize this is a short supply situation,” Jim stressed, noting Qnity supplies materials to manufacturing names like Taiwan Semiconductor. Qnity was spun off from DuPont back in November. 4. Stocks covered in Tuesday’s rapid fire at the end of the video were: PepsiCo , Palantir, Merck , Pfizer , PayPal , and Disney . (Jim Cramer’s Charitable Trust is long NVDA, DOV, DD, PG, GOOG, and Q. 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.
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