Every weekday, CNBC's Investment Club with Jim Cramer hosts a livestream “morning meeting” at 10:20 a.m. ET. Here's a recap of Tuesday's key moments. 1. Stocks rose on Tuesday as Wall Street looked to cap a strong first half of the year, despite lingering doubts around the Middle East and the sustainability of AI spending. West Texas Intermediate crude oil remained just above $70 a barrel after the United States and Iran agreed over the weekend to halt their attacks and allow commercial vessels to pass through the Strait of Hormuz. Investors also continued to rotate within the AI sector, favoring semiconductor suppliers over the hyperscalers that fund the industry's huge capital spending. Jim said companies with clear visibility into multi-year demand, including Micron and other memory chip makers, remain among the most attractive ways to invest in AI development. “[Micron’s] 2. Holding company Club Cardinal Health continued its turnaround after recovering from what Jim believes was an unwarranted liquidation earlier this year. He said the stock's weakness had nothing to do with the company's fundamentals and everything to do with investors abandoning the health care sector. Jim praised CEO Jason Hollar's execution, calling its April results “a congratulatory quarter.” Although the Club has trimmed some shares to lock in gains after the strong rally, Jim said: “Cardinal Health may not be able to go any higher.” He added that Cardinal Health and its partner Club Eli Lilly have become “rockets due to rotation” as investors have begun to return to healthcare after favoring other sectors earlier in the year. and operate safely While several Wall Street firms, including Jefferies, entered coverage with a more cautious stance, Jim said the market is significantly undervaluing the aerospace business. “The idea that this stock isn't at 300 is just… wrong,” Jim said, implying roughly a 35% upside from current levels. Tuesday's quickies at the end of the video were Goldman, Nike, and FedEx (Jim Cramer's Charitable Trust is long CAH, HONA, LLY. See here for a full list of stocks). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim places a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable fund's portfolio. talked about a stock on CNBC TV, wait 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, TOGETHER WITH OUR DISCLAIMER. CONNECTION WITH THE RESEARCH CLUB. NO SPECIFIC RESULTS OR BENEFITS ARE GUARANTEED.
