Every weekday the CNBC Investment Club with Jim Cramer hosts a “Morning Meeting” live stream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. We like banks here We are making 1 sell and 2 buy Don’t sell CRM to strength 1. We like banks here We still like banks, one of the market leaders new, on a day where the market is rallying for a second day in a row. Of course, club names Morgan Stanley (MS) and Wells Fargo (WFC) are our favorites, with the latter being Jim Cramer’s top pick in the portfolio. Banks are positioned to do well in the current high-interest rate environment, which is likely to continue given the Federal Reserve’s insistence on reducing inflation at all costs. 2. We are doing 1 sell and 2 buy We also saw many opportunities in other stocks on Tuesday and took the opportunity to make some trades. We have added to our positions in Danaher (DHR) and Estee Lauder (EL) and cut our positions in Marvell Technology (MRVL). Our sale of MRVL is in line with our belief that we need to reduce our semiconductor exposure. We buy more shares of EL because we know that China will eventually reopen its economy, which will spur growth. We decided to buy DHR at a discount because it rarely drops and we believe it is a leader in the digital technology industry. 3. Don’t Sell CRM to Power Activist investor Starboard bought a stake in Salesforce (CRM), with founder Jeff Smith saying the enterprise software maker has “a sub-combination of growth and profitability.” profit”, and he saw a significant opportunity in the company. The company’s shares were up 4.3% early Tuesday. We believe this is ultimately good news and investors should not sell shares of CRM. While the company faces enormous challenges, including a strong US dollar and shares down more than 40% this year, we believe it will report a good next quarter. Furthermore, we care where the stock is headed, not where the stock is coming from, and we believe Starboard’s stake in the company will continue to drive CRM stock higher. Regardless of the problems CRM faces, it’s still a terribly profitable company and we’re bullish on the stock. (Jim Cramer’s long-term philanthropy is CRM, DHR, EL, MRVL, MS, WFC. See here for a full list of stocks.) As a CNBC Investment Club subscriber with Jim Cramer, you will get a transaction alert before Jim makes a trade. Jim waits 45 minutes after sending a trading alert before buying or selling a stock in his charity portfolio. If Jim had talked about a stock on CNBC TV, he would have waited 72 hours after issuing a trading warning before taking a trade. THE ABOVE INVESTMENT CLUB INFORMATION IS FOLLOWING OUR TERMS AND CONDITIONS AND PRIVACY POLICY, WITH OUR DISCLAIMER. NO OBLIGATION OR DUTY ALSO EXISTS OR WAS CREATED BY VIRTUE WHEN YOU RECEIVE ANY INFORMATION PROVIDED BY CONNECTING TO THE INVESTMENT CLUB. NO GUARANTEES SOME OUTCS OR SPECIFIC PROFITS.