Jim Cramer’s CNBC Investment Club hosts a “Morning Meeting” livestream weekdays at 10:20 a.m. ET. A recap of Tuesday’s big moments. 1. Stocks were mixed on Tuesday, coming off strong gains from the previous session. Jim Cramer continued to monitor U.S. Treasury yields, which continue to fall. Jim noted that the yield on the 10-year Treasury note is below 4%, which is “great” for stocks. Danaher was the biggest portfolio mover on Tuesday. Shares rose 7.5% after the life sciences company reported strong financial results. Danaher has been a struggling stock in our portfolio, so I’m glad to see progress. But there is still some work to be done. Check your text message or email inbox for a complete earnings analysis instantly. 2. Honeywell’s upcoming Solstice Advanced Materials division spinoff is in the spotlight. BMO Capital initiated coverage with an Outperform Buy rating and $70 price target. Analysts see the company as an opportunity for investors to “buy into a high-quality, stable-growth company.” However, like most spins, Solstice’s separation from Honeywell later this month could cause volatility from the start. Because Solstice is exposed to strong themes like specialty chemicals, it should benefit from becoming an independent company, and we intend to hold onto the stock for a while to see what happens next. 3. Jim said Goldman Sachs is a buy, even though research analysts at JPMorgan downgraded it to neutral from overweight buy. Analysts raised Goldman’s price target to $750 from $625. JPMorgan analysts are positive on the global investment bank, but believe Goldman’s stock is fairly valued at this level. Still, Jim likes Goldman and says CEO David Solomon has told him the M&A and IPO pipeline is “extraordinary,” and he sees signs of improvement. 4. Stocks mentioned in rapid succession on Tuesday at the end of the video were GE Aerospace, RTX, Coca-Cola, 3M, and General Motors. (Jim Cramer’s charitable trusts are Long DHR, HON, GS. See here for a complete list of stocks.) As a subscriber to Jim Cramer’s CNBC Investment Club, you will receive trade alerts before Jim makes a trade. After Jim sends a trade alert, he waits 45 minutes before buying or selling stocks in his charitable trust’s portfolio. If Jim talks about a stock on CNBC TV, he will issue a trade alert and then wait 72 hours before executing the trade. The above investment club information is subject to our Terms of Use and Privacy Policy, along with our disclaimer. No fiduciary duties or obligations exist or arise from your receipt of information provided in connection with the Investment Club. No specific results or benefits are guaranteed.
