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. Stocks were essentially flat Tuesday after the S & P 500 and Nasdaq kicked the week off in the red. Higher Treasury yields are a wrinkle in Tuesday’s action, making companies with higher dividend yields relatively less attractive. The market is also up against an S & P Short Range Oscillator that’s very overbought, at nearly 8%. That’s why we’re looking for stocks to trim, not buy. On Monday, we booked profits in Palo Alto Networks and Best Buy . While adoption of so-called AI PCs may take a little longer than anticipated, Jim Cramer said Best Buy “is uniquely a rate cut story” set to benefit as the Federal Reserve gears up to lower rates as soon as next month. Roth MKM upgraded our oil-and-gas play Coterra Energy to buy from hold Tuesday. Analysts touted Coterra’s high exposure to natural gas, which the firm expects to trade at higher prices in 2025, combined with its strong execution on oil production. Even though the commodity environment is not favorable right now, driving Coterra shares down 5% this year, Jim said he would not sell the stock down here. Jim highlighted the company’s strong balance sheet, capital position and the potential for buybacks to be more aggressive for reasons why we’re staying patient. Shares of Eli Lilly traded 1.3% higher Tuesday after the pharmaceutical giant launched single-dose vials of obesity drug Zepbound in the U.S. to boost supply. Fervent demand for the drug since its debut late last year has helped push Lilly’s stock to incredible heights in 2024, up more than 60%. Still, shortages have been an issue. Lilly’s long-term future remains bright, but Jim said our discipline requires us to take some off the table as the company nears a $1 trillion valuation. “I would be a seller of some” because we haven’t sold since slightly below $600 a share in September 2023, Jim said. “That’s wrong. This is our opportunity.” We’re currently restricted from trading Eli Lilly because Jim has mentioned the stock on CNBC TV in the past 72 hours. (Jim Cramer’s Charitable Trust is long PANW, BBY, CTRA 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.