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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. U.S. stocks kicked off the shortened trading week lower on Tuesday. Investors took profits in Big Tech, weighing down the Nasdaq . Laggards after the opening include Club holding Nvidia . The chipmaker shed over 5.5% ahead of its quarterly earnings on Wednesday evening. Amazon , Apple and Meta Platforms were all down as well. It’s no surprise that tech’s selling off following the sector’s big run since the start of 2024. Elsewhere, it’s a good day for consumer staples like our Procter & Gamble . 2. Palo Alto Networks will report quarterly earnings after market close Tuesday. The portfolio name sold off last quarter on a billing miss. But CEO Nikesh Arora said it was a function of the high cost of money, which pushes customers to seek shorter-term deals versus longer-term contracts. Although the stock’s roughly double-digit gain since then sets a high bar into earnings, we’re upbeat on the company’s solid fundamentals and cybersecurity as a key secular theme. Demand for Palo Alto’s services, for example, will continue to rise as hacking threats intensify from overseas. 3. We trimmed our Wells Fargo position on Tuesday. Shares surged last week after positive updates around the bank’s recovery plan. The Office of the Comptroller of the Currency terminated a 2016 consent order for past misdeeds — signaling a move in the right direction for regulators to eventually lift Wells Fargo’s asset cap. This is great news for our investment thesis. Still, we made a small sale to right size the position and minimize risk. Wells Fargo’s rally swelled our position size near 5%, the largest in the portfolio. We don’t want any one position to get too big as we aim to keep the portfolio diversified. (Jim Cramer’s Charitable Trust is long WFC, PANW, NVDA, META, AAPL, AMZN, PG. 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.