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. U.S. stocks are mixed Tuesday as traders digest the latest quarterly earnings and await key economic data later in the week. The monthly personal consumption expenditure price index — the Federal Reserve’s favorite inflation gauge — comes out Thursday. But Jim Cramer said the biggest theme in the market right now is cybersecurity. He cited intensifying threats of hacks, highlighted by the recent security breach at UnitedHealth, which has disrupted U.S. prescription deliveries for days. High-profile incidents like these show the growing demand for Palo Alto Networks offerings. Members should be “aggressively long” on the cybersecurity name, Jim said. 2. Eli Lilly stock was down after Viking Therapeutics released promising results on Tuesday for its GLP-1 treatment, a potential rival to its GLP-1 drugs. Jim assuaged concerns around Viking grabbing share in the weight loss treatment market. “Without the major backing of a pharmaceutical company, it’s not enough [to beat out Eli Lilly,]” he said. 3. Wells Fargo raised its price target on Salesforce shares to $300 from $290 ahead of the company’s quarterly results on Feb. 28. But the firm kept its hold rating, which Jim described as a “red flag.” “Those are tepid bulls,” who could turn on the company when it reports results. “The setup is no longer a good one [for Salesforce,]” he added. (Jim Cramer’s Charitable Trust is long WFC, LLY, CRM, PANW. 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…
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