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Cramer weighs in on Goldman amid CEO succession talks — plus, Boeing bounces…

Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenuEvery 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. Oil prices are lower, the bond market is stable, and yet the major stock averages are having a muted day. That's not what you'd expect, considering oil and bonds have lately been such headwinds for stocks. What gives? Jim Cramer pointed to weak consumer confidence from the Conference Board's monthly survey, concerns about retail, and "all the headlines about AI don't read well." The headlines in question: Portions of Anthropic's leaked initial public offering prospectus warn about AI's risks to humanity, and OpenAI delayed the release of a model due to safety concerns.

The S & P Oscillator, our trusted momentum

The S & P Oscillator, our trusted momentum indicator, moved deeper into oversold territory after Monday's market declines. Portfolio director Jeff Marks noted that the Oscillator's prolonged stretch of oversold conditions coincides with the 10-year Treasury yield hitting 5%. Both Jeff and Jim said it'll be tough for the market to mount a sustained advance with stubborn bond yields. 2. Shares of Boeing are bouncing back after falling almost 7% Monday on news that the FAA was delaying certification of the 737 Max 10 due to a flight-control software glitch. That update was disappointing, but seeing buyers step in Tuesday is notable. Analysts at Bank of America said that if the Max 10 is delayed by 9 months, Boeing's free cash flow could be reduced by $750 million during that period.

They called it "manageable and frankly relatively immaterial."

They called it "manageable and frankly relatively immaterial." Nevertheless, Jim said he wants Boeing to be as transparent as possible when issues arise. "Boeing is a heavily scrutinized company. Every time there's an announcement that something is wrong, just put it out," Jim said. "Then we'll realize how complex it is to create safety in planes. And then we'll be starting to think, 'OK, but how's the business?' Right now, nobody is thinking about how the business is." 3. The board of Goldman Sachs has held talks about naming COO and President John Waldron the bank's new CEO as soon as next year, The Wall Street Journal reported late Monday , citing people familiar with the matter. That could result in Waldron taking the reins from CEO David Solomon in late 2027 or early 2028, according to the report.

Shares of Goldman dropped about 1% on Tuesday

Shares of Goldman dropped about 1% on Tuesday, as investors also digested smart ring maker Oura's decision to delay its IPO ; Goldman is co-leading that deal. Jim said he wasn't fazed by the WSJ report on a CEO transition, noting that boards need to regularly have these discussions as part of their duty. "I discount the story, and I think what matters is the performance [under Solomon], which is extraordinary," he said. Through Monday's close, Goldman shares were up 390% on a total return basis during Solomon's tenure, which began Oct. 1, 2018 , versus a 106% advance for the Invesco KBW Bank ETF . 4. Stocks covered in Tuesday's rapid fire at the end of the video were: PepsiCo , Netflix and Kroger . (Jim Cramer's Charitable Trust is long GS, BA.

See here for a full list of the

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.watch nowwatch

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Cramer weighs in on Goldman amid CEO succession talks — plus, Boeing bounces back

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Source: CNBC

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