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. U.S. stocks were little changed Tuesday as the market digested hotter-than-expected inflation data. April’s producer price index print came in above estimates , further complicating the timeline for Federal Reserve interest rate cuts. However, Jim Cramer argued that a negative revision to the March PPI offset the price pressures in Tuesday’s print. The Club is watching out for the consumer price index on Wednesday, which carries more weight in understanding the broader inflation trend. Elsewhere, the return of meme stocks such as GameStop are a big story on Wall Street. Members should avoid getting caught up in the crazy because its bound to end poorly as it did three years ago. Shares of Danaher advanced nearly 2% on Tuesday. But don’t offload shares of life-sciences firm on the strength, Jim argued, suggesting that their recent momentum may prompt some investors to revisit the stock. “You don’t sell a stock that’s finally moving,” he said. “It’s been stuck in the mud, and people like it now.” The long-awaited turnaround in biotech industry funding and improvements in customer inventory levels was evident in Danaher’s earnings report last month , which caused shares to surge 7.2% in a single session. We’ll listen for any updated commentary from management later Tuesday at a Bank of America health-care conference. Year to date, the stock is now up more than 10%. Amazon announced Tuesday that the CEO of Amazon Web Services, Adam Selipsky, will step down in June. Selipsky will leave Amazon’s cloud computing business in a position of strength, with revenue up 17% year over year in the first quarter. Shares of the Club holding were lower by about 0.5% on Tuesday. “He’s done a remarkable job,” Jim said. “I understand why [the stock] is down because he’s a titan.” Matt Garman, an 18-year company veteran who currently serves as senior vice president of sales and marketing at AWS, is set to replace Selipsky. (Jim Cramer’s Charitable Trust is long DHR, AMZN. 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.
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