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 rose on Tuesday to start the shortened trading week as investors await a potential U.S.-Iran deal to end the war. The rally was driven by technology stocks, including memory- and storage-related names such as Micron , Western Digita l, and Seagate . Another big gainer was Arm, which we decided to trim after its 46% gain last week and 80% increase since our April initiation. As Jeff Marks wrote in the trade alert, "We don't buy parabolic moves; we take profits." Notably absent from the market upswing: Nvidia. That's disappointing, Jim Cramer said, who added the chipmaker has to "do a capital allocation in order to keep up with what I regard as companies that aren't as good." In his column on Monday, Jim said Nvidia may need to follow Apple's playbook and return cash to shareholders through more stock buybacks and higher dividends. 2. Qnity shares increased more than 3% to $162, but Jim said they could hit $250 if coverage broadened beyond a small pool of Wall Street analysts that cover the materials sector. The company, spun off from DuPont in the fall, is a technology firm that supplies the materials and chemicals used to make advanced computer chips. Jim said tech analysts should cover the company, too. 3. Club stock Eli Lilly said it will buy three companies for a combined $3.83 billion to build out its infectious disease vaccines business . The company said it had agreed deals to buy Curevo, LimmaTech Biologics, and Vaccine Company for $1.5 billion, $780 million, and $1.55 billion, respectively. Jim pointed out that the drugmaker is continuing to dial in its approach to developing promising new drugs beyond its blockbuster weight-loss and diabetes drugs, Zepbound and Mounjaro. "Therefore, I suggest we hold on," said Jim. Shares of Eli Lilly rose over 1%. 4. Stocks covered in Tuesday's rapid fire at the end of the video were: Ferrari , Marvell Technology , and AutoZone . (Jim Cramer's Charitable Trust is long ARM, AAPL, Q, NVDA, and LLY. 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.
