Jim and Jeff discuss where to find opportunity amid the market sell-off. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake
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[MUSIC] >> I'm Jim Kramer, and you're about to hear a sample taken directly from today's CMC Investing Club morning meeting. >> Well, there were some stocks we did by today, DuPont, Dover, Next Tracker. >> Well, let's go over this. I mean, DuPont's breaking itself up. I'm not worried about Pete Fass, I mean, it had an amazing order. >> Yeah, the best quarter of maybe all of our companies. >> Next Tracker was fine. They said, look, the orders, you have to get realized that the orders are lumpy. That's exactly right there. >> But rates are coming down, and that certainly works in their favor. >> Right, I feel like that's being kind of missed in this self. >> Right, and obviously if the rates are coming down. >> Yeah, obviously if Harris wins, the stocks are 60, only in a straight quarter. >> And then Dover, and we talked about Wells, but also Dover to another company that had a good quarter, they just reported, didn't really indicate signs of a slowdown, like many are extrapolating through the jobs data. >> Look, I mean, you've got a stock like this. You have a stock like Honeywell down six, that's an opportunity. I'm not lumping everything if you don't own any Honeywell. I think Honeywell's fine, by the way. >> Yeah, and then we did get rid of our positions for. >> Yeah, and that just- >> Four was after earnings we said. >> Right, I mean, remember, we're not looking, we don't look back and say, hold it, now it's at nine, we like it. We made a commitment for you to sell, and we can't come back to you and say, you know what, we're not going to sell. We have to do what we said. That's just being consistent. >> Yeah, and when obviously there's just concerns around consumer spending, still a real negative reaction to MGM last week. >> Yeah, so there, we're getting, one of the things that remember, we're always teaching, where we hope we're always teaching. And we sell losers to buy winners. >> Exactly, you do not sell winners to buy losers. >> Better balance sheets, more benefiting from secular trends, really strong management teams. I mean the DuPont team is great. >> I buy Microsoft out by Amazon right here. I mean, look, I spend a lot of time talking to Amazon most people. I mean a lot, certainly more than any of the analysts. And I can tell you, and I know the company very well, they were quite surprised. All they were trying to do is say, look, the consumer might be a little bit weaker. And the packages we're doing are the smaller packages. They're taking a lot of business away from Walgreens and CVS. And so you say to yourself, well, wow, that's a really terrible thing. No, you say, geez, they could, Walgreens, CVS have to close thousands of stores. This can be very good for Amazon. >> Why don't we squeeze in a quick rapid fire and maybe get some final thoughts on the market, at least for the morning. Tyson earnings, a good quarter here. >> Okay, I have to tell you, I think Tyson's for sale. I think that they don't know what to do with John. I know John, it's a terrible thing. Those of us who have had brushes with us know that it's a tough thing. Tough thing, you see it. >> Kalanova, higher after on a report from the quarter. >> It's going to go much higher. >> Mars exploring a deal. >> Yeah, it's going to go much higher. I think there really is genuinely a bid. Obviously, if there's none, people feel like, what the hell do I do? It's up 28%, but I believe there's a bid. >> And then Lockheed Martin upgraded outperforming RBC, kind of interesting because of potential rising geopolitical tensions. >> You can't miss Lockheed. I mean, Lockheed every day, and it was coming in and they recommend the stop. Because this is about both Gaza and Ukraine. And remember, Ukraine, they're heavily involved because that's a full scale, drag out World War II style work. Now, I want to go over again what you want to do in a selloff. You're trying to find this is still day one. You know, forget Friday. This is day one of the big selloff. So what you have is people were smart enough to buy the opening. Now, the market goes up and the European stocks, the pressure from Europe stops. So what happens is people then take their profits. So then we get knocked down again. This is probably not the bottom, we could probably get enough. But people who want to play the bounce, go ahead. We're not bounce players. What we're looking for is to help our basis, take advantage of the fact that some companies that have great quarters, DuPont, we get to buy. Because DuPont is kind of like killing over. Start your day with my outlook on the daily market every morning at 10, 20 a.m. Visit cmbc.com/morningtake to access all the benefits of being a CMBC investing club member. All opinions expressed by Jim Kramer on this podcast and in connection with the CNBC investing club are solely Kramer's opinions and do not reflect the opinions of CNBC, NBC, Universal or their parent company or affiliates. And may have been previously disseminated by Kramer on television, radio, internet or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Kramer. The opinions offered in connection with this podcast and the CNBC investing club are not an attempt to induce any particular trading behavior, investment or strategy. You should be aware of the risk of loss and following any strategy or investment discussed in the content from Kramer. To view the full CNBC investing club disclaimer, please visit cmbc.com/ Investing Club Disclaimer. One website with unmatched power speeding control. Try Bluehost Cloud, the new web hosting plan from Bluehost built for WordPress creators by WordPress experts. With 100% uptime, incredible load times and 24/7 WordPress priority support, your sites will be lightning fast with global reach and with Google's cloud. Your sites can handle surges in traffic no matter how big. Plus, you automatically get daily backups and world class security. Get started now at Bluehost.com. [MUSIC PLAYING]
