Every weekday, the CNBC Investing Club with Jim Cramer does a live “morning session” at 10:20am ET. Here’s a recap of Tuesday’s key moments. Buy JNJ while it’s down. Look to buy Danaher Wait to buy AMD 1. Buy JNJ while it’s down. Shares of Johnson & Johnson ( JNJ ) fell more than 1% on Tuesday after the drugmaker beat fourth-quarter profit but missed revenue. estimates The stock doesn’t deserve to fall, especially given that the company’s earnings outlook for 2023 was higher than expected. J&J’s only real weakness in the quarter came in its medical technology segment, which was held back by the Covid-19 lockdowns in China. The declines are indicative of a broader trend of investors exiting healthcare names this year, in an investment versus 2022. That’s a shift we don’t support. Instead, we urge investors to buy shares of this high-quality company while it’s out of favor. 2. Look to Buy Danaher Danaher ( DHR ) reported strong fourth-quarter earnings on Tuesday but forecast weaker-than-expected guidance, sending shares down nearly 3% by mid-morning. The company had previously announced the quarter, so the earnings pace was already in the oven. Danaher, whose operations include life sciences, diagnostics and environmental solutions, continues to expect its core revenue to grow by a high single-digit percentage point this year. We are still bullish on stocks. Investors should buy shares of Danaher if the stock falls further today, at least 5%. 3. Wait to Buy AMD Bernstein on Tuesday downgraded Advanced Micro Devices ( AMD ) to market perform, or neutral, from outperform, citing concerns about the deteriorating PC market. This comes a day after Barclays upgraded the semiconductor maker to overweight, or buy, from equal weight. Amid the competing calls, we advise investors to hold off on buying AMD, as the stock is likely to be further affected in the coming months. (Jim Cramer’s Charitable Trust is long AMD, JNJ, DHR. See a full list of stocks here.) As a subscriber to the CNBC Investing Club with Jim Cramer, you’ll receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a share in his charitable trust portfolio. If Jim has discussed a stock on CNBC TV, wait 72 hours after issuing the trade alert before executing the trade. INFORMATION ON THE ALTERNATE INVESTMENT CLUB IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY, WITH OUR DISCLAIMER. NO OBLIGATION OR FIDUCIARY DUTY EXISTS OR IS CREATED BY YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTOR CLUB. NO SPECIFIC RESULTS OR BENEFITS ARE GUARANTEED.
