Every weekday CNBC Investing Club hosts a “Morning Meeting” live stream with Jim Cramer at 10:20 a.m. ET. Here’s a recap of Tuesday’s highlights. See Healthcare ‘Ultimate Trade-Down Play’ Bullpen 1 in Focus Healthcare Danaher ( DHR ) and GE Healthcare ( GEHC ) among the focus club holdings reported better-than-expected earnings before the bell on Tuesday. Danaher shares were trading down about 0.25 percent in mid-morning trading after the life sciences firm once again cut its guidance. Jim Carmer said he knows owning Danaher has been difficult of late, but urged investors to hang on. Meanwhile, shares of GE Healthcare fell more than 2 percent Tuesday morning. “It’s a mistake. Let them sell it,” Jim said, expressing confidence in the multi-year story at GEHC. We’ll publish a full breakdown of both earnings releases later Tuesday. 2. ‘Ultimate Tradedown Play’ Investors are realizing that Costco Wholesale ( COST ) is perfectly positioned to take advantage of inflation-wary shoppers looking for value, Jim said. That growth helps explain why Costco’s stock has climbed for 11 straight sessions, up more than 7% since July 10. Costco is back in the green on Tuesday. Jim said the wholesale retailer is “the bottom game of the ultimate trade.” We believe in Costco as a long-term investment opportunity, with potential additional catalysts such as increased membership fees and a special dividend still on the horizon. 3. See Bullpen RTX Corp. ( RTX ), the aerospace and defense firm formerly known as Raytheon Technologies, continues to be an attractive investment opportunity, with the stock down 14 percent Tuesday morning, Jim said. Shares of RTX — a stock that has been in the club’s bullpen since December — have been sinking after the company issued a warning about some of its engines. Jim admits that this is likely to be a costly problem for RTX. “That said, I’ve been waiting and waiting and waiting to get into RTX,” he said. (Jim Cramer’s Charitable Trust is long DHR and GEHC. See here for a complete list of stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you’ll receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling stocks in his charitable trust 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 Investing Club information above is subject to our terms and conditions and privacy policy, along with our disclaimer. No formal obligation or duty exists, or is created, by reason of your receipt of any information provided in connection with Investing Club. No specific results or profits are guaranteed.
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Source by [CNBC News]
