Every weekday, CNBC Investing Club with Jim Cramer hosts a live broadcast of “Morning Meeting” at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. Wall Street rallied Tuesday as voters headed to the polls on Election Day. The Nasdaq led, up 1.3%. The S&P 500 was up about 1%. Jim Cramer called it a “relief rally” in anticipation of the end of the US election. One bright spot in the portfolio is DuPont, which rose more than 6% on Tuesday after the conglomerate reported higher pre-hours earnings. Even with Tuesday’s development, the stock hasn’t performed as well as we hoped this year, but we hope its impending split into three separate companies will help DuPont get the respect it deserves from the investors. Check your emails and texts later for our full analysis of DuPont’s earnings. 2. Eaton shares rose more than 1% Tuesday after Bernstein initiated coverage on Club stock with an Outperform rating of Buy and a price target of $382. This PT implies a 13% increase from Monday’s close. Analysts said electricity demand is entering an era of secular growth driven by investment in power infrastructure in the coming years. Jim agreed that Eaton’s stock is well positioned to rise given that the company’s business is all about electrical equipment and energy management systems. We reduced our position in Eaton on October 29, before the company reported results on October 31, to lock in gains after the stock’s huge rally. 3. Coterra Energy CEO Tom Jorden appeared on “Mad Money” and clarified a comment he made during the company’s third-quarter earnings call last week. During the call, Jorden talked about hypothetical situations that could lead the company to “expand” on M&A, and the stock took a hit. Jorden told Jim on Monday evening that he regretted that statement, saying Coterra was not considering a large acquisition that could stretch its balance sheet. “I felt very good about the stock after the interview,” Jim said during Tuesday’s morning meeting, adding that he might be inclined to strengthen his position in oil and natural gas production in the event victory of Donald Trump. 4. Stocks covered in Tuesday’s rapid fire at the end of the video were: Carvana, NXP Semiconductors, Yum! Brands, Palantir and Dollar Tree. (Jim Cramer’s Charitable Trust is long DD, ETN, CTRA. See here for a complete list of stocks.) As a subscriber to CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade . Jim waits 45 minutes after a trade alert is sent before buying or selling a stock in his charity’s portfolio. If Jim talked about a stock on CNBC TV, he waits 72 hours after the trade alert is issued before executing the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, AS WELL AS OUR DISCLAIMER. NO OBLIGATION OR FIDUCIARY OBLIGATION EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO SPECIFIC RESULTS OR PROFITS ARE GUARANTEED.
Jim Cramer encouraged by updates on 3 stocks that point to future upside
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