Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. Investors rotated out of many of the big semiconductor stocks again Tuesday. Defensive areas of the market benefited, including Club name Procter & Gamble , which reports earnings Wednesday morning. It was up nearly 2%. The Nasdaq hugged the flatline, while the S & P 500 moved modestly higher. Looking ahead, Club holdings Microsoft , Meta Platforms , and Starbucks are all set to report Wednesday evening. Following Alphabet ‘s post-earnings sell-off last week , capital spending plans from Microsoft and Meta will be a major focus. For Starbucks, we want to see more signs that CEO Brian Niccol’s turnaround is gaining traction and that management is prioritizing margins. 2. Jim Cramer urged investors to remain cautious on several AI infrastructure names after their massive rallies earlier this year. He said the Club was right to trim Corning multiple times in June as the stock surged. Shares of Corning have pulled back more than 50% from their all-time high on June 29. “Parabolic moves must be sold,” Jim said. “Parabolic moves go up, and then they come down faster. … They don’t stop where they began.” Despite Corning’s strong quarter, Jim said the stock remains too volatile to buy back Tuesday’s 15% decline. Corning’s price action also made Jim question whether we have taken enough profits in GE Vernova , another data center winner. GE Vernova is down roughly 20% from its record close on June 30. 3. Despite the broader pullback in pockets of tech, Jim said he would continue buying Intel “on the way down,” if not restricted by Club trading rules. He said he remains confident in the company’s foundry, advanced packaging, and central processing unit (CPU) businesses. Jim said Boeing remains attractive, after the company reported stronger-than-expected cash flow, reinforcing the turnaround story. “I think that you can still buy Boeing here,” he said. “I think Boeing’s about to have a multi-month move.” 4. Stocks covered in Tuesday’s rapid fire at the end of the video were: Johnson & Johnson , Sherwin-Williams , Nucor , ExxonMobil , and Nvidia . (Jim Cramer’s Charitable Trust is long PG, MSFT, META, SBUX, GOOGL, GEV, GLW, INTC, JNJ, NVDA. See here for a full list of the 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 his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
