Every weekday, the CNBC Investing Club with Jim Cramer hosts a “Morning Meeting” livestream at 10:20 a.m. ET. Here's a recap of Tuesday's key moments. US stocks were little changed on Tuesday as the market digested hotter-than-expected inflation data. April's producer price index beat estimates, further complicating the timeline for Federal Reserve interest rate cuts. However, Jim Cramer argued that a negative revision to the March PPI offset price pressures in Tuesday's report. The Club is keeping an eye on Wednesday's consumer price index, which has more weight in understanding the broader inflation trend. Elsewhere, the return of meme stocks like GameStop is big news on Wall Street. Members must avoid getting caught up in the madness because it will surely end badly as it did three years ago. Danaher shares advanced nearly 2% on Tuesday. But don't dump life sciences stocks for their strength, Jim argued, suggesting his recent momentum may lead some investors to revisit the stock. “You don't sell a stock that's finally moving,” he said. “It's gotten stuck in the mud and now people like it.” The long-awaited shift in biotech industry funding and improvements in customer inventory levels were evident in Danaher's earnings report last month, sending shares up 7.2% in a single session. We'll be watching for any updated comments from management later Tuesday at a Bank of America healthcare conference. So far this year, the stock is up more than 10%. Amazon announced Tuesday that Amazon Web Services CEO Adam Selipsky will step down in June. Selipsky will leave Amazon's cloud computing business in a strong position, with revenue up 17% year over year in the first quarter. On Tuesday, shares of the Club holding company fell by approximately 0.5%. “He's done an extraordinary job,” Jim said. “I understand why [the stock] he's down because he's a titan.” Matt Garman, an 18-year company veteran who currently serves as senior vice president of sales and marketing at AWS, will replace Selipsky. (Jim Cramer's Charitable Trust is a longtime DHR, AMZN 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 makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling. a stock in your Charitable Trust portfolio If Jim has discussed a stock on CNBC TV, wait 72 hours after issuing the trade alert before executing the trade. ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND POLICY. OF PRIVACY, ALONG WITH OUR DISCLAIMER OF LIABILITY. NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF THE RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC RESULTS OR BENEFITS ARE GUARANTEED.
