Every weekday, the CNBC Investing Club hosts a “Morning Meeting” live stream with Jim Cramer at 10:20 am ET. Here’s a recap of Tuesday’s key moments. WFC is a buy still like PG Bull case for GOOGL? 1. Wells Fargo is a Buy Morgan Stanley increased its price target on Wells Fargo (WFC) to $60 from $54 due to higher interest rates. We have suggested investors buy financial stocks to take advantage of the Fed’s tightening cycle – and Jim Cramer on Monday recommended that new club members buy the stock. 2. We Still Like Procter & Gamble Deutsche Bank downgraded several household product names on Monday but maintained a buy rating on Procter & Gamble (PG), citing its reasonably set earnings expectations and valuations. We continue to like PG as a reliable stock in turbulent economic conditions. Jim said Monday that the stock remains one of his all-time favorites, especially as the US dollar’s strong highs and raw costs fall. 3. Bull case for Alphabet? As more companies lay off employees, particularly in the technology industry, we expect more people to lose their jobs across industries. We advise investors who think these layoffs are good news for corporate spending items to consider buying shares in Google parent Alphabet (GOOGL), which, unlike some of its big-tech counterparts, still has its headcount has not reduced significantly. Jim called Alphabet the “winner if you’re trying to figure out where to put extra money.” (Jim Cramer’s Charitable Trust is long GOOGL, PG, WFC. For a full list of stocks click here.) As a subscriber to 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 any stock in his charitable foundation’s portfolio. When Jim spoke about a stock on CNBC television, he waits 72 hours after the trade alert is issued before executing the trade. THE ABOVE INVESTMENT CLUB INFORMATION IS GOVERNED BY OUR TERMS AND CONDITIONS AND PRIVACY POLICY ALONG WITH OUR DISCLAIMER. NO OBLIGATION OR OBLIGATION SHALL BE OR CREATED BY YOUR RECEIVING OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC RESULT OR PROFIT IS GUARANTEED.
Jim Cramer’s Investing Membership Assembly Tuesday: Financial institution Election, Play Firings
