Jim Cramer is bullish on 2 stocks as the market moves lower
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 are sharply lower on Tuesday as tensions rise over President Donald Trump’s efforts to acquire Greenland . Trump on Saturday pledged to impose 10% tariffs on the eight NATO members by Feb. 1; the tariffs will rise to 25% on June 1 if a deal is not made to make Greenland, the self-governing Danish territory, a part of the United States. The 10-year Treasury yield hit a high of 4.299% on Tuesday, its highest level since Sept. 3. Meanwhile, the S & P Short Range Oscillator is still slightly overbought at 5.11%. It was overbought for the majority of last week, which is why we raised a lot of cash. That puts us in a position to be opportunistic in potential buys this week. We bought shares of Alphabet , which traded 1.6% lower amid Tuesday’s volatility. Jim Cramer also keyed in on Meta as a stock that’s “no longer expensive” after its nearly 17% drop over the last three months. Jim said the company “is in freefall” as it continues to spend on its AI ambitions. 2. A stock bucking Tuesday’s market decline is Texas Roadhouse . The stock rose nearly 1% after TD Cowen initiated coverage with a buy rating and a $215 price target. The firm expects continued strong comparable sales growth through 2027 and predicts that beef prices have peaked, citing a 10% drop in USDA Choice from its September high. Last Monday, we trimmed our position in the restaurant chain to hedge against the risk of elevated beef prices. We tend to agree with Cowen that the worst of the beef cycle is over and prices will eventually normalize. 3. Jim is also remains bullish on TJX Companies . The off-price retailer “is the one to buy,” Jim noted, because it’s set to benefit from the bankruptcy of luxury retailer Saks Global, the parent company of Saks Fifth Avenue and Neiman Marcus. He predicts that Saks will be dumping huge volumes of inventory into the off-price channel, and “the only company that’s ready with the cash is TJX.” The stock, which was flat on Tuesday, is “about to make a major move up,” Jim said. 4. Stocks covered in Tuesday’s rapid fire at the end of the video were: 3M , KeyCorp , DR Horton , Tapestry , and ServiceNow . (Jim Cramer’s Charitable Trust is long GOOGL, META, TXRH, TJX . 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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