'We do not need to scramble' — how Jim Cramer is taking on another day of stock market declines

Published Tue, Apr 16 202411:26 AM EDTUpdated Tue, Apr 16 202411:36 AM EDT

Kevin Stankiewicz @in/kevin-stankiewicz-b5593466 @kevin_stank

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. The S & P 500 fell modestly Tuesday — as Wall Street digested another move higher for bond yields, monitored tensions in the Middle East, and analyzed a fresh basket of corporate earnings reports. The results out Tuesday morning, including from Club holding Morgan Stanley , were mostly positive. Better-than-expected numbers from Dow component UnitedHealth Group sent shares of the embattled insurer higher by more than 5%, keeping the 30-stock average in the green Tuesday. Following back-to-back declines of more than 1%, the S & P 500 moved further into oversold territory, according to the S & P 500 Short Range Oscillator, an indicator we follow closely in volatile markets . In a dispatch from vacation Tuesday, Jim Cramer sent us his market thoughts to pass along to members: "Throughout this year we have been scaling out positions into strength. ... It has been painful as the year went on because it looked like we were leaving so much stuff on the table. ... We did it because we don't like or trust straight up markets. Now when it is coming down we have the cash, we do not need to scramble." In fact, we're looking to put some of that cash to work Tuesday. Watch your email inboxes and texts. Shares of Salesforce stabilized and rose modestly Tuesday after plunging 7.3% in the prior session on reports that the enterprise software giant was in talks to acquire data-management firm Informatica. In a note to clients Tuesday, equity analysts at Morgan Stanley said a potential transaction that values Informatica around $12 billion — while not confirmed by the companies — "looks to meet Salesforce's criteria for responsible" mergers-and-acquisition activity. (Jim Cramer's Charitable Trust is long MS and CRM. 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.