Every weekday, the CNBC Investment Club will host a live “Morning Meeting” with Jim Cramer at 10:20 a.m. ET. Here’s a look back at Tuesday’s key moments. U.S. stocks were little changed on Tuesday as markets digested higher-than-expected inflation data. April’s producer price index came in higher than expected, complicating the Fed’s timetable for rate cuts. However, Jim Cramer believes that the negative revision to March PPI offset price pressures in Tuesday’s report. The club is watching Wednesday’s consumer price index, which will be more influential in understanding broader inflation trends. Elsewhere, the return of meme stocks like GameStop is big news on Wall Street. Members should avoid getting caught up in the madness, as it’s bound to end badly like it did three years ago. Shares of Danaher rose nearly 2% on Tuesday. But Jim doesn’t think you’re selling the life sciences company because of its strength, suggesting the company’s recent momentum could prompt some investors to take another look at the stock. “You don’t sell a stock that ends up going up,” he said. “It’s been stuck in the mud, and now people like it.” Danaher’s earnings report last month showed long-awaited improvements in funding for the biotech industry and improvement in customer inventory levels, causing the stock price to soar 7.2% in a single day. We’ll hear management’s latest comments at the Bank of America Healthcare conference later Tuesday. The stock is up more than 10% so far this year. Amazon announced on Tuesday that Amazon Web Services Chief Executive Adam Selipsky will resign in June. Selipsky will put Amazon’s cloud computing business in a strong position, with first-quarter revenue rising 17% annually. Shares held by the club fell about 0.5% on Tuesday. “He did a great job,” Jim said. “I understand why (the stock) fell because he’s a giant.” Matt Garman, an 18-year company veteran who currently serves as AWS senior vice president of sales and marketing, will succeed Selipsky. (Jim Cramer’s Charitable Trust is long DHR, AMZN. See here for a full list of stocks.) As a subscriber to Jim Cramer’s CNBC Investing Club, you Receive trade alerts before Jim Cramer trades. Jim waits 45 minutes after sending a trade alert before buying or selling stocks in his charitable trust portfolio. If Jim talked about a stock on CNBC TV, he would wait 72 hours after issuing a trade alert before executing the trade. The investment club information above is subject to our Terms and Conditions and Privacy Policy and our Disclaimer. No fiduciary duty or obligation shall exist or arise upon your receipt of any information relating to the Investment Club. No specific results or profits are guaranteed.
