Every weekday, CNBC Investing Club with Jim Cramer hosts a live morning broadcast at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. US stocks rose on Tuesday, with the S&P 500 index rising 0.82% on better-than-expected earnings reports from aerospace companies such as General Electric (GE) and RTX Corp. (RTX). “The revenge of old American business is coming,” Jim Cramer said Tuesday. Meanwhile, the 10-year Treasury yield fell slightly to just below 4.9%. Oil prices also fell, with West Texas Intermediate crude falling 0.88% to $84.6 a barrel. Meanwhile, the S&P 500 short-range oscillator moved straight into oversold territory, at minus 4.51%, signaling that it was time to buy. 2. And we bought, picking up 30 additional shares of life sciences company Danaher (DHR) on Tuesday morning. Before the opening bell, the company announced better-than-expected third-quarter results, but the company’s shares ultimately retreated amid investor uncertainty about when the company’s bioprocessing business would return to full strength. Danaher management, however, indicated that bioprocessing should return to growth in 2024 as the company clears excess inventory. “Stock market sentiment is as low as it’s ever been,” Jim said on Tuesday, giving us the opportunity to buy a company with good long-term prospects. 3. Club holdings Microsoft (MSFT) and Alphabet (GOOGL) report quarterly results after Tuesday’s closing bell. For Microsoft, the most important thing to watch is revenue growth in its Azure cloud business. When should investors expect AI to accelerate growth? Does management expect the PC business to fail soon? For Alphabet, we expect both revenue growth and profit margins to increase, supported by a recovery in the advertising market. (Jim Cramer’s Charitable Trust is long DHR, MSFT, GOOGL. See the full list of stocks here.) As a subscriber to CNBC Investing Club with Jim Cramer, you will receive trade alerts before Jim makes a trade. Jim waits 45 minutes after sending a trade notification before he buys or sells shares in his charitable fund portfolio. If Jim mentioned a stock on CNBC, he will wait 72 hours after the trade alert is issued before executing the trade. THE ABOVE INFORMATION ABOUT THE INVESTING CLUB IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY ALONG WITH OUR DISCLAIMER. NO OBLIGATIONS OR FIDUCIARY OBLIGATIONS EXIST OR CREATE BY THE RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. WE DO NOT GUARANTEE ANY SPECIFIC RESULTS OR PROFITS.
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