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. 1. Stocks rose Tuesday as Wall Street looked to cap a strong first half of the year, despite lingering questions around the Middle East and the sustainability of AI spending. West Texas Intermediate crude held at just above $70 a barrel after the U.S. and Iran agreed over the weekend to halt their attacks and allow commercial vessels to pass through the Strait of Hormuz. Investors also continued rotating within the AI trade, favoring semiconductor suppliers over the hyperscalers financing the industry’s massive capital spending. Jim said companies with clear, multi-year demand visibility — including Micron and other memory chipmakers — remain among the most compelling ways to invest in the AI buildout. “[Micron’s] a stock you want to own — a company that has that kind of demand,” he said. 2. Club holding Cardinal Health continued its rally after rebounding from what Jim thinks was an unjustified sell-off earlier this year. He said the stock’s weakness had nothing to do with the company’s fundamentals and everything to do with investors rotating out of healthcare. Jim praised CEO Jason Hollar’s execution, calling its April results “a congratulations quarter.” Although the Club has trimmed some shares to lock in profits after the strong rebound, Jim said, “Cardinal Health actually may not be done going higher.” He added that Cardinal Health and fellow Club holding Eli Lilly have become “rocket ships because of the rotation,” as investors have started shifting back into healthcare after favoring other sectors earlier in the year. 3. Shares of Club name Honeywell Aerospace rose nearly 2% Tuesday, marking its second trading day as an independent company following its separation from Honeywell Technologies . Honeywell Aerospace designs and manufactures the key components for planes to fly, navigate, and operate safely. While several Wall Street firms, including Jefferies, initiated coverage with a more cautious stance, Jim said the market is significantly undervaluing the aerospace business. “The idea that this stock isn’t at 300 is just… wrong,” Jim said, implying roughly 35% upside from current levels. Jim remains bullish on Honeywell Aerospace and said the standalone company has significant room to appreciate as investors better recognize the strength of its aerospace franchise. 4. Stocks covered in Tuesday’s rapid-fire at the end of the video were Goldman , Nike , and FedEx . (Jim Cramer’s Charitable Trust is long CAH, HONA, LLY. 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.
