Every weekday, the CNBC Investing Club with Jim Cramer hosts a live “Morning Meeting” at 10:20 AM ET. Here’s a summary of Tuesday’s key highlights. Buy JNJ while it drops Consider buying Danaher Wait to buy 1 AMD. Buy JNJ while it drops in valuations. The stock doesn’t deserve a dip, especially considering the company’s 2023 earnings guidance was higher than expected. J&J’s only real weakness for the quarter was related to the medical technology segment, which was held back by the Covid-19 lockdowns in China. The decline points to a broader trend of investor exit from healthcare companies this year, as opposed to 2022. This is a change we do not support. Instead, we encourage investors to buy shares of this high-quality company while it is out of favor. 2. Count on buying Danaher Danaher (DHR) reported strong fourth-quarter earnings on Tuesday, but lower-than-expected guidance, sending the stock down nearly 3% in morning trading. The company announced the quarter ahead of time, so the profit was already priced into the stock. Danaher, whose operations include life sciences, diagnostics and environmental solutions, still expects its core revenue to grow by a high single-digit percentage point this year. We remain bullish on the stock. Investors should buy Danaher stock if it drops at least 5% today. 3. Wait to buy AMD. On Tuesday, Bernstein downgraded Advanced Micro Devices (AMD) from “outperform” to “neutral”, citing concerns about a deteriorating PC market. It came the day after Barclays upgraded the semiconductor maker to overweight or buy from equal weight. Amid competing calls, we advise investors to hold off buying AMD as the stock is likely to suffer even more in the coming months. (The Jim Cramer Charitable Foundation is long AMD, JNJ, DHR. See the full list of stocks here.) As a CNBC Investing Club subscriber with Jim Cramer, you will be notified of the trade before Jim completes the trade. Jim waits 45 minutes after sending a trade alert before buying or selling shares in his charitable foundation’s portfolio. If Jim was talking about a stock on CNBC, he waits 72 hours after a trade alert is posted before making a trade. THE ABOVE INFORMATION ABOUT INVESTMENT CLUB IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, TOGETHER WITH OUR DISCLAIMER. NO FIDUCIARY OBLIGATIONS OR OBLIGATIONS ARE OR ARISING IN CONNECTION WITH YOUR RECEIVING ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTMENT CLUB. NO SPECIFIC RESULT OR PROFIT IS GUARANTEED.
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