Every weekday, CNBC’s Investment Club hosts a “morning meeting” live with Jim Cramer at 10:20AM ET. Here’s a recap of Tuesday’s key moments. Watch Morgan Stanley Hold Eli Lilly Buy Ford 1. Watch Morgan Stanley Bank shares climbed on Tuesday as club-owned Morgan Stanley (MS) reported better-than-expected earnings. Stocks were mixed in late morning trade, with the S&P 500 up 0.34% and the Nasdaq Composite down 0.15%. “I strongly believe that Morgan Stanley’s stock price will go higher,” Jim Cramer said on Tuesday. But “my discipline says you’ve got too much,” he added, suggesting we consider cutting power. Shares of Morgan Stanley soared more than 6 percent Tuesday morning to nearly $92 a share. 2. Stick with Eli Lilly On Monday, Eli Lilly CEO David Ricks announced the positive results of the company’s latest Alzheimer’s disease study, the company said. Shares rose more than 1 percent on Tuesday, to about $452 a share. Data from a late-stage trial show that the Alzheimer’s disease drug donarumab can significantly slow cognitive decline. We remain bullish on the pharma giant’s strong pipeline, which includes Mounjaro, a diabetes drug awaiting approval in the U.S. for the treatment of obesity. Jim has said several times that it may be the best-selling drug of all time. 3. Buy a Ford Our automaker Ford (F) lowered the price of its popular electric pickup on Monday. The price cuts for its high-demand electric vehicles sparked some market concern, with the company’s shares down about 6% on the news. We’re not worried about price cuts, and realize there could be more price changes in the future. But the company has been able to scale up and lower battery costs, which should help profitability. “I’m not going to sell Ford, I’m going to be a buyer,” Jim said Tuesday. (Jim Cramer’s charitable trust is long MS, LLY, F. For a full list of stocks, see here.) As a subscriber to Jim Cramer’s CNBC Investing Club , you will receive trade alerts before Jim Cramer makes the trade. Jim waits 45 minutes after a trade alert is sent before buying or selling stock in his charitable trust portfolio. If Jim talks about a stock on CNBC TV, he waits 72 hours after sending out a trade alert before executing the trade. The investment club information above is subject to our terms and conditions and privacy policy and our disclaimer. No fiduciary duty or obligation exists or arises from any information you receive in connection with Investment Club. No specific results or profits guaranteed.
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