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 fell Tuesday — with the Dow , the S & P 500 and the Nasdaq all down roughly 1% — on concerns around disappointing economic data in China and a second interest rate cut there in the past three months. “Our market should trade on its own,” and it should not be taking cues from China, Jim Cramer said Tuesday. U.S. retail sales for July, meanwhile, came in a little hot. Keep in mind these numbers include the Amazon Prime Day month. Perhaps, though, a reason for one more Fed rate hike this year? 2. We started a position in Oracle (ORCL), an established leader in business software that’s really ramping up its cloud business. Shares are down about 9% from their mid-June peak, which gave us a good entry point. Oracle’s new second-generation cloud infrastructure offering is really competitive with Amazon’s AWS, Alphabet’s Google Cloud and Microsoft’s Azure. Oracle shares give you nearly the same earnings growth over the next two years as Microsoft at about two-thirds of the multiple and a slightly higher annual dividend yield. 3. Palo Alto Networks (PANW) dropped Tuesday after a four-session winning streak that put a dent in a string of big declines that started when a competitor warned. Palo Alto holds an investor day and delivers its quarterly results after the closing bell Friday. According to Deutsche Bank, there’s speculation the cybersecurity leader will be getting out of its hardware business. If you’re looking to get into PANW, maybe buy some ahead of the quarter and maybe some after. (Jim Cramer’s Charitable Trust is long ORCL, MSFT, AMZN, GOOGL, PAWN. 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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