Jim Cramer’s Investing Club meeting Tuesday: 2023 mantra, infrastructure stocks, Apple

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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. Stick with the Club’s mantra in 2023 Watch infrastructure stocks Wait to buy Apple 1. Stick with the Club’s mantra in 2023 Stocks edged down Tuesday, on the first trading day of 2023, amid ongoing investor concern over inflation and interest rates . The S & P 500 was down 0.74% in midmorning trading. We are ringing in the new year by sticking to our mantra: Buy shares of companies that make and do things at a profit, while returning value to shareholders. Unfortunately, the new year has not transformed tech stocks into great buys, nor has it alleviated macroeconomic challenges. 2. Watch infrastructure stocks We are bullish on infrastructure stocks going into this year, as we expect spending from the $1 trillion bipartisan infrastructure law to ramp up. Companies that build the nation’s transportation systems and utility networks stand to benefit from new government contracts. Emerson Electric (EMR) is a Club name that could see gains from infrastructure spending, and we’re keeping an eye out for other stocks that could see a boost. 3. Wait to buy Apple While we encourage investors to continue to own Apple ‘s (AAPL) stock, not trade it, we caution against buying any more shares here. The tech giant is expected to report fiscal first-quarter results later this month, but could pre-announce disappointing earnings before then amid supply constraints. Shares of the iPhone maker were down 3.71% Tuesday morning, at $125.12 apiece. “For people who haven’t bought it yet, no need to buy it now,” Jim Cramer said. (Jim Cramer’s Charitable Trust is long AAPL, EMR. 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.