Here’s what Cramer wants to see from Capital One when the bank reports tonight
Every weekday the CNBC Investing Club with Jim Cramer hosts a live “Morning Meeting” broadcast at 10:20 am ET. Here’s a recap of Tuesday’s highlights. 1. The stock market fell after the close of the Tuesday morning session. The likely culprit: a spike in oil prices ahead of a deal to end the Iran war that expires on Wednesday. After settling in morning trade, US oil benchmark West Texas Intermediate crude rose nearly 4% to $93 a barrel. Before the opening bell, President Donald Trump told CNBC that he thinks the US will “stop a lot” with Iran to end the war. Even before the stocks ended, Jim Cramer said that the market had a difficult day, as he pointed to significant movements in various corners such as banks, defense stocks, semiconductors and software. Meanwhile, the Club started a new position in Arm Holdings on Monday. Arm shares were slightly higher on Tuesday. 2. CrowdStrike was upgraded to an equal-buy rating from hold by KeyBanc, which reissued a $525 price target. Analysts have said the tailwinds of AI have arrived, arguing that the Anthropic Mythos model is the catalyst for AI-driven cybersecurity demand. “That development was against the grain,” Jim said, because many people thought Anthropic was trying to replace companies like CrowdStrike. Instead, Jim said he spoke with CrowdStrike CEO George Kurtz about how the company is “a great prospect and will have more customers than ever” in a world full of AI-powered cyber attacks. “This stock is so high. And it’s crazy,” Jim said. Analysts, however, are holding back on promoting our other Internet name, Palo Alto Networks, saying they want to see clear performance from the recent deals to buy CyberArk and Chronosphere before turning more bullish. 3. Capital One reports Tuesday night after the closing bell. The company reported a disappointing quarter last time, with higher investments leading to a miss in earnings per share. Jim said he was aware of the stock raising in recent weeks to raise funds. When the results come in on Tuesday, Jim said he wants to see Capital One get more aggressive in buying the stock. It also wants to see “some realignment” of its acquisitions of Discover and fintech firm Brex. “We haven’t seen it either,” he said. 4. Stocks covered in rapid fire on Tuesday at the end of the video were: GE Aerospace, RTX, UnitedHealth Group, 3M and DR Horton. (Jim Cramer’s Charitable Trust is long CRWD, COF, and PANW See here for a full list of 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 stock in his charity portfolio. When Jim talks about a stock on CNBC TV, he waits 72 hours after issuing a trade warning before making a trade. THE PRIVATE INFORMATION OF THE BURNING CLUB IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, AND OUR PRIVACY POLICY. NO LEGAL LIABILITY OR OBLIGATION EXISTS, OR IS CREATED, BY YOUR ACCEPTANCE OF ANY INFORMATION PROVIDED BY CONTACTING THE INVESTMENT CLUB. NO PARTICULAR RESULT OR INTEREST IS GUARANTEED.
