Jim Cramer debates his next move on a software stock on an 11 day losing streak

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Jim Cramer debates his next move on a software stock on an 11 day losing streak Published Tue, Jun 16 202612:20 PM EDTUpdated 18 Min Ago Natasha Abellard 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. The S & P 500 fell on Tuesday, following three straight sessions of gains. SpaceX continued to rally after becoming publicly traded on Friday. Jim Cramer, who endorsed the Elon Musk company in his Sunday column, acknowledged that the stock surpassed the market cap of Amazon (and briefly, that of Microsoft , as well). "This is what has captured the American mind," Jim said. Jeff Marks, director of Club portfolio analysis, mentioned there could be "some selling to fund the extraordinary market capitalization SpaceX is adding." Join us for our June Monthly Meeting on Wednesday at noon ET. Jim and Jeff plan to address SpaceX and the full CNBC Investing Club portfolio. 2. Intel shares dropped nearly 6%, and we took the opportunity to add to the position we started two weeks ago. Jim now favors Intel over another one of our chipmakers, Nvidia , in this current market environment. Jim has become frustrated with Nvidia's inability to hold a rally. The Jensen Huang-led company closed up 3.5% on Monday after announcing a $25 billion bond sale. Jim was disappointed when Nvidia didn't offer an update on its stock repurchase program. Nvidia was nearly 1.5% on Tuesday. "I just don't want to see that," said Jim. 3. Salesforce stock fell for its 11th straight session Tuesday, a day after announcing plans to acquire AI customer service platform Fin for $3.6 billion. "This is a truly hated stock," Jim said, referring to Salesforce. He added that he favors the deal aimed at boosting Salesforce's agentic business. Jim is a long-time supporter of CEO Marc Benioff and thought the company could overcome the narrative that AI will disrupt the software industry. However, that has not been the case. As for whether or not to keep Salesforce given its poor performance, Jim said, "I fear selling at the low. But it's quite daunting." Jim will go deeper during Wednesday's Monthly Meeting. 4. Stocks covered in Tuesday's rapid fire at the end of the video were: Exxon Mobil , Palantir , Yum Brands , Qualcomm , and Robinhood . (Jim Cramer's Charitable Trust is long AMZN, MSFT, CRM, INTC, NVDA. 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.More In Morning Meetingwatch nowwatch nowVIDEO10:53Tuesday, June 16, 2026: Cramer says he likes this legacy tech stock more than Nvidia2 hours agoThese 4 stocks could be major winners from falling oil pricesAlexa LoMonacowatch nowwatch nowVIDEO09:30Monday, June 15, 2026: The Club says this company could be a beneficiary from the U.S.-Iran dealRead MoreSubscribe to CNBC PROSubscribe to Investing ClubLicensing & ReprintsCNBC CouncilsJoin the CNBC PanelDigital ProductsNews ReleasesClosed CaptioningCorrectionsAbout CNBCInternshipsSite MapCareersHelpContactNews TipsGot a confidential news tip? We want to hear from you.

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